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 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
76k-100k 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 3 7 1 0.4 2.6
151k-175k 9 11 2 0.2 4.9
176k-200k 8 26 12 0.5 1.8
201k-225k 19 35 6 0.3 3.3
226k-250k 49 46 9 0.2 6.4
251k-275k 36 63 14 0.3 3.4
276k-300k 75 78 13 0.2 5.8
301k-325k 33 82 19 0.4 2.4
326k-350k 74 121 23 0.3 3.7
351k-375k 61 86 14 0.2 4.3
376k-400k 68 113 22 0.3 3.6
401k-425k 51 76 15 0.2 4
426k-450k 68 78 12 0.2 5.2
451k-475k 34 55 10 0.3 3.7
476k-500k 49 65 9 0.2 4.5
501k-550k 61 92 11 0.3 4
551k-600k 64 65 11 0.2 5.9
601k-650k 33 66 19 0.3 3
651k-700k 37 46 11 0.2 4.8
701k-750k 26 45 7 0.3 3.5
751k-800k 31 41 11 0.2 4.5
801k-850k 22 25 3 0.2 5.3
851k-900k 26 33 9 0.2 4.7
901k-950k 14 9 4 0.1 9.3
951k-1m 23 21 3 0.2 6.6
1m-1.1m 17 19 7 0.2 5.4
1.1m-1.2m 20 14 3 0.1 8.6
1.2m-1.3m 26 17 1 0.1 9.2
1.3m-1.4m 15 18 5 0.2 5
1.4m-1.5m 7 11 0.3 3.8
1.5m-1.6m 10 12 2 0.2 5
1.6m-1.7m 6 7 0.2 5.1
1.7m-1.8m 6 6 2 0.2 6
1.8m-1.9m 7 3 1 0.1 14
1.9m-2m 8 5 1 0.1 9.6
2m-2.25m 9 7 1 0.1 7.7
2.25m-2.5m 6 5 1 0.1 7.2
2.5m-2.75m 6 8 1 0.2 4.5
2.75m-3m 6 3 0.1 12
3m-3.5m 8 3 1 0.1 16
3.5m-4m 5 3 0.1 10
4m-4.5m 4 0
4.5m-5m 3 0
5.01m-6m 9 4 1 0.1 13.5
6.01m-7m 5 1 0 30
7.01m-8m 3 0
9.01m-10m 2 1 0.1 12
12.01m-13m 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
126k-150k 1 0.2 0
151k-175k 2 2 1 0.2 6
176k-200k 1 3 1 0.5 2
201k-225k 3 0
251k-275k 5 3 2 0.1 10
276k-300k 2 3 0.3 4
301k-325k 1 5 0.8 1.2
326k-350k 2 2 2 0.2 6
351k-375k 1 5 1 0.8 1.2
376k-400k 3 6 1 0.3 3
401k-425k 3 3 0.2 6
426k-450k 1 3 1 0.5 2
451k-475k 1 3 1 0.5 2
476k-500k 5 4 2 0.1 7.5
501k-550k 5 4 0.1 7.5
551k-600k 11 1 0 66
601k-650k 7 9 3 0.2 4.7
651k-700k 8 17 2 0.4 2.8
701k-750k 11 9 1 0.1 7.3
751k-800k 15 5 2 0.1 18
801k-850k 5 10 3 0.3 3
851k-900k 5 8 1 0.3 3.8
901k-950k 3 6 0.3 3
951k-1m 2 6 0.5 2
1m-1.1m 2 4 1 0.3 3
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 3 1 0.3 4
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
3m-3.5m 1 1 0.2 0

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
26k-50k 2 0.3 0
51k-75k 4 11 3 0.5 2.2
76k-100k 31 39 10 0.2 4.8
101k-125k 42 41 8 0.2 6.1
126k-150k 65 53 10 0.1 7.4
151k-175k 67 37 3 0.1 10.9
176k-200k 48 37 6 0.1 7.8
201k-225k 52 24 4 0.1 13
226k-250k 57 28 5 0.1 12.2
251k-275k 31 16 1 0.1 11.6
276k-300k 21 12 1 0.1 10.5
301k-325k 22 11 1 0.1 12
326k-350k 24 13 2 0.1 11.1
351k-375k 20 10 2 0.1 12
376k-400k 21 8 0.1 15.8
401k-425k 15 10 3 0.1 9
426k-450k 24 10 2 0.1 14.4
451k-475k 16 5 1 0.1 19.2
476k-500k 18 8 0.1 13.5
501k-550k 25 17 4 0.1 8.8
551k-600k 6 9 1 0.3 4
601k-650k 10 10 2 0.2 6
651k-700k 13 8 0.1 9.8
701k-750k 3 6 0.3 3
751k-800k 6 6 1 0.2 6
801k-850k 5 5 1 0.2 6
851k-900k 7 2 0 21
901k-950k 5 6 1 0.2 5
951k-1m 6 5 1 0.1 7.2
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 6 14 4 0.4 2.6
1.2m-1.3m 7 9 2 0.2 4.7
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 8 1 0.7 1.5
1.5m-1.6m 7 5 0.1 8.4
1.6m-1.7m 4 4 0.2 6
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 3 1 0.1 18
1.9m-2m 2 3 1 0.3 4
2m-2.25m 8 2 0 24
2.25m-2.5m 3 4 1 0.2 4.5
2.5m-2.75m 3 3 0.2 6
2.75m-3m 7 0
3m-3.5m 9 0
3.5m-4m 1 0
4m-4.5m 1 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 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
1k-25k 1 0
51k-75k 1 0
76k-100k 2 9 1 0.8 1.3
101k-125k 4 1 0 24
126k-150k 9 4 0.1 13.5
151k-175k 2 1 1 0.1 12
176k-200k 7 1 0 42
201k-225k 4 8 0.3 3
226k-250k 5 5 1 0.2 6
251k-275k 6 2 0.1 18
276k-300k 5 3 1 0.1 10
301k-325k 3 3 1 0.2 6
326k-350k 4 1 0 24
351k-375k 2 1 0.1 12
376k-400k 4 1 0 24
401k-425k 2 0
426k-450k 4 0
451k-475k 2 1 1 0.1 12
476k-500k 2 0
501k-550k 2 2 0.2 6
551k-600k 3 1 0.1 18
601k-650k 2 2 0.2 6
651k-700k 3 0
701k-750k 1 0
751k-800k 2 3 1 0.3 4
801k-850k 3 2 0.1 9
851k-900k 3 1 0.1 18
901k-950k 3 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 3 0.5 2
1.3m-1.4m 2 2 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 4 0
1.8m-1.9m 3 1 1 0.1 18
2m-2.25m 3 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 2 0