Absorption Report

Largo, FL

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
101k-125k 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 1 3 0.5 2
176k-200k 2 5 0.4 2.4
201k-225k 3 2 0.1 9
226k-250k 3 6 0.3 3
251k-275k 5 19 2 0.6 1.6
276k-300k 9 27 5 0.5 2
301k-325k 7 23 3 0.5 1.8
326k-350k 11 30 5 0.5 2.2
351k-375k 11 27 5 0.4 2.4
376k-400k 14 30 3 0.4 2.8
401k-425k 14 19 2 0.2 4.4
426k-450k 24 26 6 0.2 5.5
451k-475k 7 16 2 0.4 2.6
476k-500k 12 19 4 0.3 3.8
501k-550k 15 38 7 0.4 2.4
551k-600k 13 20 3 0.3 3.9
601k-650k 8 17 2 0.4 2.8
651k-700k 5 15 2 0.5 2
701k-750k 1 5 0.8 1.2
751k-800k 5 5 1 0.2 6
801k-850k 1 6 1 1
851k-900k 1 3 1 0.5 2
901k-950k 1 4 0.7 1.5
951k-1m 2 2 0.2 6
1m-1.1m 4 6 2 0.3 4
1.1m-1.2m 1 6 1 1 1
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0
1.4m-1.5m 2 2 0.2 6
1.6m-1.7m 1 2 0.3 3
1.9m-2m 1 0
2m-2.25m 2 1 0.1 12
3m-3.5m 1 0.2 0
8.01m-9m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
176k-200k 4 0.7 0
201k-225k 2 4 0.3 3
226k-250k 4 3 0.1 8
251k-275k 4 3 1 0.1 8
276k-300k 8 2 1.3 0
301k-325k 4 1 0.7 0
326k-350k 1 3 0.5 2
351k-375k 2 0
376k-400k 4 12 0.5 2
401k-425k 14 6 1 0.1 14
426k-450k 8 3 0.1 16
451k-475k 1 2 0.3 3
476k-500k 1 0
501k-550k 1 1 0.2 0
551k-600k 1 1 0.2 6
601k-650k 5 1 0.8 0
651k-700k 1 0.2 0
701k-750k 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 2 0.3 3
126k-150k 16 7 1 0.1 13.7
151k-175k 17 22 3 0.2 4.6
176k-200k 19 15 1 0.1 7.6
201k-225k 19 16 1 0.1 7.1
226k-250k 16 7 2 0.1 13.7
251k-275k 9 3 1 0.1 18
276k-300k 5 1 1 0 30
301k-325k 2 4 1 0.3 3
326k-350k 4 2 0.1 12
351k-375k 7 3 2 0.1 14
376k-400k 10 6 1 0.1 10
401k-425k 2 0.3 0
426k-450k 4 1 0 24
451k-475k 1 0
476k-500k 2 2 0.2 6
501k-550k 4 1 0 24
551k-600k 4 2 0.1 12
601k-650k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 1 0
301k-325k 1 0
426k-450k 1 1 0.2 6
476k-500k 1 0
651k-700k 1 0.2 0
701k-750k 1 0
901k-950k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 1 0
1.5m-1.6m 1 0