Absorption Report

St. Petersburg, 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
101k-125k 1 0
126k-150k 2 6 3 0.5 2
151k-175k 3 12 4 0.7 1.5
176k-200k 5 22 3 0.7 1.4
201k-225k 20 24 7 0.2 5
226k-250k 40 40 12 0.2 6
251k-275k 33 50 11 0.3 4
276k-300k 60 82 14 0.2 4.4
301k-325k 43 84 10 0.3 3.1
326k-350k 65 127 20 0.3 3.1
351k-375k 52 100 9 0.3 3.1
376k-400k 89 110 22 0.2 4.9
401k-425k 41 88 15 0.4 2.8
426k-450k 58 95 12 0.3 3.7
451k-475k 48 63 9 0.2 4.6
476k-500k 49 78 13 0.3 3.8
501k-550k 60 97 13 0.3 3.7
551k-600k 54 76 4 0.2 4.3
601k-650k 31 58 7 0.3 3.2
651k-700k 35 46 6 0.2 4.6
701k-750k 22 40 12 0.3 3.3
751k-800k 32 36 9 0.2 5.3
801k-850k 19 31 4 0.3 3.7
851k-900k 37 30 6 0.1 7.4
901k-950k 23 7 1 0.1 19.7
951k-1m 19 20 6 0.2 5.7
1m-1.1m 16 18 4 0.2 5.3
1.1m-1.2m 25 21 4 0.1 7.1
1.2m-1.3m 21 19 1 0.2 6.6
1.3m-1.4m 16 21 3 0.2 4.6
1.4m-1.5m 6 12 1 0.3 3
1.5m-1.6m 12 14 6 0.2 5.1
1.6m-1.7m 2 11 1 0.9 1.1
1.7m-1.8m 7 6 3 0.1 7
1.8m-1.9m 8 4 0.1 12
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 4 10 2 0.4 2.4
2.25m-2.5m 12 5 0.1 14.4
2.5m-2.75m 7 9 1 0.2 4.7
2.75m-3m 5 3 1 0.1 10
3m-3.5m 6 2 1 0.1 18
3.5m-4m 4 4 0.2 6
4m-4.5m 2 0
4.5m-5m 4 0
5.01m-6m 7 3 2 0.1 14
6.01m-7m 3 1 0.1 18
7.01m-8m 3 1 0.1 18
9.01m-10m 1 0.2 0
12.01m-13m 1 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
126k-150k 1 0.2 0
151k-175k 3 1 0.1 18
176k-200k 2 2 0.2 6
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 2 1 0.1 15
276k-300k 5 4 0.1 7.5
301k-325k 1 5 2 0.8 1.2
326k-350k 1 1 0.2 6
351k-375k 6 5 1 0.1 7.2
376k-400k 2 6 0.5 2
401k-425k 6 1 0
426k-450k 3 4 0.2 4.5
451k-475k 1 4 0.7 1.5
476k-500k 4 1 1 0 24
501k-550k 4 5 0.2 4.8
551k-600k 9 4 1 0.1 13.5
601k-650k 7 8 2 0.2 5.3
651k-700k 8 14 3 0.3 3.4
701k-750k 10 9 2 0.2 6.7
751k-800k 12 3 0 24
801k-850k 5 8 4 0.3 3.8
851k-900k 7 7 2 0.2 6
901k-950k 3 5 0.3 3.6
951k-1m 2 6 1 0.5 2
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 2 0.3 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
3m-3.5m 1 0
5.01m-6m 1 0

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
26k-50k 2 1 0.3 0
51k-75k 5 7 2 0.2 4.3
76k-100k 27 32 7 0.2 5.1
101k-125k 43 44 5 0.2 5.9
126k-150k 62 61 12 0.2 6.1
151k-175k 77 46 5 0.1 10
176k-200k 47 31 5 0.1 9.1
201k-225k 42 26 4 0.1 9.7
226k-250k 38 26 8 0.1 8.8
251k-275k 29 20 2 0.1 8.7
276k-300k 24 17 1 0.1 8.5
301k-325k 19 15 2 0.1 7.6
326k-350k 28 18 1 0.1 9.3
351k-375k 16 9 3 0.1 10.7
376k-400k 31 11 3 0.1 16.9
401k-425k 10 11 1 0.2 5.5
426k-450k 21 11 1 0.1 11.5
451k-475k 12 4 1 0.1 18
476k-500k 12 13 0.2 5.5
501k-550k 21 15 3 0.1 8.4
551k-600k 11 9 2 0.1 7.3
601k-650k 7 7 3 0.2 6
651k-700k 10 12 3 0.2 5
701k-750k 7 7 0.2 6
751k-800k 2 7 0.6 1.7
801k-850k 6 4 0.1 9
851k-900k 7 2 0 21
901k-950k 4 6 0.3 4
951k-1m 10 4 0.1 15
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 6 8 2 0.2 4.5
1.2m-1.3m 9 8 0.1 6.8
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 7 2 1.2 0.9
1.5m-1.6m 8 6 3 0.1 8
1.6m-1.7m 6 3 2 0.1 12
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 1 0 30
1.9m-2m 2 2 1 0.2 6
2m-2.25m 9 3 1 0.1 18
2.25m-2.5m 3 4 2 0.2 4.5
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 1 0 36
3m-3.5m 9 0
3.5m-4m 2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0.2 0
8.01m-9m 1 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
1k-25k 1 0
51k-75k 1 0
76k-100k 5 6 1 0.2 5
101k-125k 3 2 0.1 9
126k-150k 6 4 1 0.1 9
151k-175k 3 1 0.1 18
176k-200k 2 4 0.3 3
201k-225k 2 9 4 0.8 1.3
226k-250k 5 5 2 0.2 6
251k-275k 3 2 1 0.1 9
276k-300k 7 2 0 21
301k-325k 1 1 0.2 0
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 2 1 1 0.1 12
401k-425k 3 1 0.1 18
426k-450k 6 0
476k-500k 3 0
501k-550k 1 1 0.2 6
551k-600k 2 1 0.1 12
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 1 1 1 0.2 6
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 0
1.2m-1.3m 3 1 0.5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 4 0
2.5m-2.75m 3 0
2.75m-3m 2 0
5.01m-6m 2 0