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
76k-100k 1 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 2 3 0.3 4
176k-200k 5 0.8 0
201k-225k 3 2 0.1 9
226k-250k 3 6 0.3 3
251k-275k 7 17 1 0.4 2.5
276k-300k 11 25 5 0.4 2.6
301k-325k 7 23 3 0.5 1.8
326k-350k 10 31 7 0.5 1.9
351k-375k 11 26 4 0.4 2.5
376k-400k 15 31 4 0.3 2.9
401k-425k 15 20 3 0.2 4.5
426k-450k 22 25 5 0.2 5.3
451k-475k 6 16 2 0.4 2.3
476k-500k 12 19 4 0.3 3.8
501k-550k 15 40 6 0.4 2.3
551k-600k 11 21 2 0.3 3.1
601k-650k 8 17 2 0.4 2.8
651k-700k 7 17 4 0.4 2.5
701k-750k 1 5 0.8 1.2
751k-800k 4 5 1 0.2 4.8
801k-850k 1 5 0.8 1.2
851k-900k 1 3 0.5 2
901k-950k 1 5 1 0.8 1.2
951k-1m 3 2 0.1 9
1m-1.1m 3 6 2 0.3 3
1.1m-1.2m 1 6 1 1 1
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.4m-1.5m 2 1 0.1 12
1.6m-1.7m 1 2 0.3 3
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 1 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 2 3 0.3 4
351k-375k 1 0
376k-400k 4 12 0.5 2
401k-425k 13 6 1 0.1 13
426k-450k 7 3 0.1 14
451k-475k 1 2 0.3 3
476k-500k 1 0
501k-550k 1 1 0.2 0
551k-600k 1 0.2 0
601k-650k 4 0.7 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 15 6 1 0.1 15
151k-175k 18 20 3 0.2 5.4
176k-200k 18 14 1 0.1 7.7
201k-225k 21 16 0.1 7.9
226k-250k 15 7 1 0.1 12.9
251k-275k 10 3 1 0.1 20
276k-300k 5 1 1 0 30
301k-325k 2 4 1 0.3 3
326k-350k 5 2 0.1 15
351k-375k 6 3 2 0.1 12
376k-400k 11 6 1 0.1 11
401k-425k 2 0.3 0
426k-450k 3 1 0.1 18
451k-475k 1 0
476k-500k 2 2 0.2 6
501k-550k 4 1 0 24
551k-600k 5 2 0.1 15
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
276k-300k 1 1 0.2 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