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 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 0.2 0
151k-175k 2 5 0.4 2.4
176k-200k 3 3 0.2 6
201k-225k 3 7 2 0.4 2.6
226k-250k 8 15 3 0.3 3.2
251k-275k 14 11 0.1 7.6
276k-300k 17 9 2 0.1 11.3
301k-325k 13 16 1 0.2 4.9
326k-350k 10 20 1 0.3 3
351k-375k 12 17 2 0.2 4.2
376k-400k 13 23 2 0.3 3.4
401k-425k 10 16 2 0.3 3.8
426k-450k 14 27 5 0.3 3.1
451k-475k 8 28 4 0.6 1.7
476k-500k 12 28 4 0.4 2.6
501k-550k 14 32 4 0.4 2.6
551k-600k 16 27 7 0.3 3.6
601k-650k 16 28 4 0.3 3.4
651k-700k 13 28 3 0.4 2.8
701k-750k 6 15 1 0.4 2.4
751k-800k 7 10 0.2 4.2
801k-850k 5 12 1 0.4 2.5
851k-900k 7 3 0.1 14
901k-950k 7 5 0.1 8.4
951k-1m 10 5 2 0.1 12
1m-1.1m 7 2 1.2 0
1.1m-1.2m 4 3 0.1 8
1.2m-1.3m 2 8 3 0.7 1.5
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 2 1 0.3 0
1.6m-1.7m 1 2 1 0.3 3
1.9m-2m 2 2 0.2 6
2m-2.25m 2 0.3 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 0
4m-4.5m 1 1 0.2 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 1 0.2 0
201k-225k 1 2 2 0.3 3
226k-250k 1 3 0.5 2
251k-275k 1 4 1 0.7 1.5
276k-300k 8 6 0.1 8
301k-325k 6 2 0.1 18
326k-350k 4 1 0 24
351k-375k 5 2 0.1 15
376k-400k 13 4 2 0.1 19.5
401k-425k 3 4 0.2 4.5
426k-450k 5 7 1 0.2 4.3
476k-500k 3 2 0.1 9
501k-550k 3 4 0.2 4.5
551k-600k 3 1 0.1 18
651k-700k 2 0
751k-800k 1 1 0.2 6

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
101k-125k 1 0.2 0
126k-150k 2 1 0.3 0
151k-175k 9 11 5 0.2 4.9
176k-200k 27 16 2 0.1 10.1
201k-225k 29 16 3 0.1 10.9
226k-250k 28 13 1 0.1 12.9
251k-275k 16 7 1 0.1 13.7
276k-300k 16 9 1 0.1 10.7
301k-325k 6 4 2 0.1 9
326k-350k 4 5 2 0.2 4.8
351k-375k 2 4 1 0.3 3
376k-400k 3 0
401k-425k 3 1 1 0.1 18
426k-450k 3 0
476k-500k 2 1 0.1 12
501k-550k 6 3 2 0.1 12
551k-600k 9 4 1 0.1 13.5
701k-750k 1 0.2 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
51k-75k 1 1 0.2 0
126k-150k 1 0
176k-200k 1 2 0.3 3
201k-225k 1 1 0.2 0
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
951k-1m 1 1 0.2 0
2.75m-3m 1 0