Absorption Report

Belleair

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 4% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 3 1 0.5 2
126k-150k 4 6 2 0.3 4
151k-175k 9 6 1 0.1 9
176k-200k 7 6 1 0.1 7
201k-225k 8 11 1 0.2 4.4
226k-250k 16 16 2 0.2 6
251k-275k 14 28 4 0.3 3
276k-300k 67 60 11 0.1 6.7
301k-325k 57 57 12 0.2 6
326k-350k 94 76 17 0.1 7.4
351k-375k 77 73 12 0.2 6.3
376k-400k 97 67 15 0.1 8.7
401k-425k 57 45 7 0.1 7.6
426k-450k 55 43 3 0.1 7.7
451k-475k 40 36 6 0.2 6.7
476k-500k 46 34 5 0.1 8.1
501k-550k 60 51 4 0.1 7.1
551k-600k 58 42 7 0.1 8.3
601k-650k 41 39 4 0.2 6.3
651k-700k 34 28 4 0.1 7.3
701k-750k 33 24 1 0.1 8.3
751k-800k 27 21 0.1 7.7
801k-850k 20 13 4 0.1 9.2
851k-900k 19 10 1 0.1 11.4
901k-950k 23 11 1 0.1 12.5
951k-1m 18 8 1 0.1 13.5
1m-1.1m 12 8 3 0.1 9
1.1m-1.2m 19 9 2 0.1 12.7
1.2m-1.3m 7 6 1 0.1 7
1.3m-1.4m 3 8 1 0.4 2.3
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 8 2 0 24
1.7m-1.8m 2 3 1 0.3 4
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 3 1 0.1 18
326k-350k 6 4 0.1 9
351k-375k 1 4 2 0.7 1.5
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0

Condos 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 1 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 11 5 1 0.1 13.2
151k-175k 33 16 0.1 12.4
176k-200k 33 18 3 0.1 11
201k-225k 21 11 1 0.1 11.5
226k-250k 21 18 0.1 7
251k-275k 29 23 4 0.1 7.6
276k-300k 42 19 3 0.1 13.3
301k-325k 26 11 3 0.1 14.2
326k-350k 27 5 1 0 32.4
351k-375k 28 8 3 0 21
376k-400k 29 7 1 0 24.9
401k-425k 20 11 2 0.1 10.9
426k-450k 14 1 0 84
451k-475k 11 6 1 0.1 11
476k-500k 15 5 0.1 18
501k-550k 24 6 1 0 24
551k-600k 12 2 0 36
601k-650k 7 2 0 21
651k-700k 6 0
701k-750k 9 2 1 0 27
751k-800k 8 1 1 0 48
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 387 177 24 0.1 13.1
26k-50k 345 99 10 0 20.9
51k-75k 135 45 2 0.1 18
76k-100k 78 22 2 0 21.3
101k-125k 47 11 3 0 25.6
126k-150k 31 8 1 0 23.3
151k-175k 19 11 0.1 10.4
176k-200k 22 3 0 44
201k-225k 16 5 0.1 19.2
226k-250k 13 2 0 39
251k-275k 15 5 0.1 18
276k-300k 24 5 3 0 28.8
301k-325k 11 1 0 66
326k-350k 17 2 0 51
351k-375k 7 3 0.1 14
376k-400k 12 1 0 72
401k-425k 5 2 0.1 15
426k-450k 7 2 1 0 21
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 1 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0