Absorption Report

Palm Harbor, 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 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 2 0.3 0
151k-175k 1 5 2 0.8 1.2
176k-200k 4 4 0.2 6
201k-225k 3 5 2 0.3 3.6
226k-250k 8 14 3 0.3 3.4
251k-275k 12 10 3 0.1 7.2
276k-300k 13 7 2 0.1 11.1
301k-325k 14 15 6 0.2 5.6
326k-350k 9 23 7 0.4 2.3
351k-375k 10 17 1 0.3 3.5
376k-400k 17 22 7 0.2 4.6
401k-425k 7 20 2 0.5 2.1
426k-450k 10 23 4 0.4 2.6
451k-475k 12 27 7 0.4 2.7
476k-500k 16 30 6 0.3 3.2
501k-550k 16 35 4 0.4 2.7
551k-600k 17 30 5 0.3 3.4
601k-650k 15 28 3 0.3 3.2
651k-700k 15 27 5 0.3 3.3
701k-750k 8 16 2 0.3 3
751k-800k 5 12 1 0.4 2.5
801k-850k 6 15 3 0.4 2.4
851k-900k 4 3 0.1 8
901k-950k 5 6 1 0.2 5
951k-1m 8 6 1 0.1 8
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 1 5 0.8 1.2
1.2m-1.3m 2 7 2 0.6 1.7
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 2 0.3 3
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 3 0
4.5m-5m 1 0.2 0

Townhouses 0% 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
176k-200k 1 0.2 0
226k-250k 3 1 0.5 0
251k-275k 2 4 0.3 3
276k-300k 5 10 1 0.3 3
301k-325k 6 3 1 0.1 12
326k-350k 5 3 0.1 10
351k-375k 3 2 2 0.1 9
376k-400k 2 3 0.3 4
401k-425k 4 4 0.2 6
426k-450k 5 7 1 0.2 4.3
476k-500k 3 2 1 0.1 9
501k-550k 4 5 1 0.2 4.8
551k-600k 5 1 0 30
651k-700k 2 0
751k-800k 1 1 1 0.2 6

Condos 0% 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
101k-125k 1 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 6 6 0.2 6
176k-200k 24 15 3 0.1 9.6
201k-225k 25 17 3 0.1 8.8
226k-250k 23 15 1 0.1 9.2
251k-275k 23 8 1 0.1 17.3
276k-300k 17 10 2 0.1 10.2
301k-325k 7 4 0.1 10.5
326k-350k 5 2 0.1 15
351k-375k 2 3 0.3 4
376k-400k 5 0
401k-425k 4 0
426k-450k 1 0
476k-500k 2 1 0.1 12
501k-550k 4 1 0 24
551k-600k 10 3 1 0.1 20
701k-750k 1 0.2 0

Land 0% 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
101k-125k 1 0
126k-150k 1 0
151k-175k 1 0.2 0
176k-200k 1 2 1 0.3 3
251k-275k 1 0.2 0
276k-300k 2 0
451k-475k 1 0
551k-600k 1 0
651k-700k 2 0
801k-850k 2 0
1.1m-1.2m 1 1 0.2 6
2.75m-3m 1 0