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 3 5 0.3 3.6
176k-200k 3 3 0.2 6
201k-225k 1 7 2 1.2 0.9
226k-250k 7 16 1 0.4 2.6
251k-275k 14 11 1 0.1 7.6
276k-300k 17 8 2 0.1 12.8
301k-325k 11 14 1 0.2 4.7
326k-350k 12 21 3 0.3 3.4
351k-375k 11 17 3 0.3 3.9
376k-400k 9 25 3 0.5 2.2
401k-425k 9 14 3 0.3 3.9
426k-450k 10 24 3 0.4 2.5
451k-475k 9 27 2 0.5 2
476k-500k 12 30 6 0.4 2.4
501k-550k 18 31 6 0.3 3.5
551k-600k 16 25 6 0.3 3.8
601k-650k 13 27 6 0.3 2.9
651k-700k 7 24 2 0.6 1.8
701k-750k 7 16 1 0.4 2.6
751k-800k 10 9 0.2 6.7
801k-850k 2 12 1 1 1
851k-900k 8 2 0 24
901k-950k 6 4 0.1 9
951k-1m 10 5 2 0.1 12
1m-1.1m 1 9 3 1.5 0.7
1.1m-1.2m 4 3 0.1 8
1.2m-1.3m 2 8 3 0.7 1.5
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 3 2 0.5 0
1.6m-1.7m 1 0.2 0
1.9m-2m 2 2 0.2 6
2m-2.25m 1 2 0.3 3
2.5m-2.75m 2 0
2.75m-3m 2 0
4m-4.5m 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 1 0.3 3
226k-250k 3 0.5 0
251k-275k 1 4 0.7 1.5
276k-300k 10 6 0.1 10
301k-325k 6 2 0.1 18
326k-350k 2 1 0.1 12
351k-375k 6 2 0.1 18
376k-400k 12 3 1 0 24
401k-425k 5 4 0.1 7.5
426k-450k 3 5 0.3 3.6
476k-500k 3 2 0.1 9
501k-550k 3 4 0.2 4.5
551k-600k 2 1 0.1 12
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 4 3 0.7 0
151k-175k 7 12 5 0.3 3.5
176k-200k 28 13 2 0.1 12.9
201k-225k 23 17 3 0.1 8.1
226k-250k 28 9 2 0.1 18.7
251k-275k 18 7 0.1 15.4
276k-300k 16 11 2 0.1 8.7
301k-325k 5 4 2 0.1 7.5
326k-350k 3 5 1 0.3 3.6
351k-375k 2 4 1 0.3 3
376k-400k 4 0
401k-425k 2 2 2 0.2 6
426k-450k 3 0
476k-500k 4 1 0 24
501k-550k 5 3 0.1 10
551k-600k 8 4 1 0.1 12
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
101k-125k 1 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 1 0.2 0
251k-275k 1 0.2 0
276k-300k 2 0
551k-600k 1 0
651k-700k 1 0
801k-850k 2 0
951k-1m 1 1 0.2 0
2.75m-3m 1 0