Absorption Report

St. Augustine Beach

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
101k-125k 1 3 0.5 2
126k-150k 3 0.5 0
151k-175k 1 6 4 1 1
176k-200k 5 8 1 0.3 3.8
201k-225k 3 17 3 0.9 1.1
226k-250k 10 26 4 0.4 2.3
251k-275k 17 31 6 0.3 3.3
276k-300k 23 51 6 0.4 2.7
301k-325k 25 44 11 0.3 3.4
326k-350k 33 65 20 0.3 3
351k-375k 31 73 8 0.4 2.5
376k-400k 52 90 13 0.3 3.5
401k-425k 36 94 29 0.4 2.3
426k-450k 55 107 19 0.3 3.1
451k-475k 35 68 16 0.3 3.1
476k-500k 67 75 15 0.2 5.4
501k-550k 104 169 32 0.3 3.7
551k-600k 84 111 25 0.2 4.5
601k-650k 60 100 23 0.3 3.6
651k-700k 56 79 18 0.2 4.3
701k-750k 53 53 14 0.2 6
751k-800k 57 44 13 0.1 7.8
801k-850k 31 51 10 0.3 3.6
851k-900k 31 49 11 0.3 3.8
901k-950k 18 29 6 0.3 3.7
951k-1m 42 28 6 0.1 9
1m-1.1m 22 36 7 0.3 3.7
1.1m-1.2m 25 39 5 0.3 3.8
1.2m-1.3m 28 37 7 0.2 4.5
1.3m-1.4m 26 19 5 0.1 8.2
1.4m-1.5m 22 26 5 0.2 5.1
1.5m-1.6m 19 23 6 0.2 5
1.6m-1.7m 20 18 5 0.2 6.7
1.7m-1.8m 23 12 4 0.1 11.5
1.8m-1.9m 13 19 6 0.2 4.1
1.9m-2m 12 9 2 0.1 8
2m-2.25m 32 28 3 0.1 6.9
2.25m-2.5m 33 17 8 0.1 11.6
2.5m-2.75m 18 8 5 0.1 13.5
2.75m-3m 34 8 2 0 25.5
3m-3.5m 20 17 2 0.1 7.1
3.5m-4m 22 11 3 0.1 12
4m-4.5m 21 4 0 31.5
4.5m-5m 18 2 0 54
5.01m-6m 19 5 1 0 22.8
6.01m-7m 16 7 1 0.1 13.7
7.01m-8m 7 2 0 21
8.01m-9m 8 2 1 0 24
9.01m-10m 3 3 2 0.2 6
10.01m-11m 3 0
11.01m-12m 6 2 1 0.1 18
12.01m-13m 2 0
13.01m-14m 1 0
14.01m-15m 1 2 1 0.3 3
15.01m-16m 2 0
16.01m-17m 1 0
17.01m-18m 1 0
19.01m-20m 1 1 0.2 6
20.01m-21m 2 0
25.01m-26m 1 0