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
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 21 24 7 0.2 5.3
226k-250k 40 41 13 0.2 5.9
251k-275k 31 51 13 0.3 3.6
276k-300k 62 82 14 0.2 4.5
301k-325k 43 85 11 0.3 3
326k-350k 69 128 21 0.3 3.2
351k-375k 54 100 9 0.3 3.2
376k-400k 92 110 23 0.2 5
401k-425k 39 88 15 0.4 2.7
426k-450k 62 95 12 0.3 3.9
451k-475k 46 63 9 0.2 4.4
476k-500k 50 77 13 0.3 3.9
501k-550k 62 98 14 0.3 3.8
551k-600k 55 77 5 0.2 4.3
601k-650k 32 58 7 0.3 3.3
651k-700k 36 46 6 0.2 4.7
701k-750k 22 40 12 0.3 3.3
751k-800k 34 36 9 0.2 5.7
801k-850k 18 31 4 0.3 3.5
851k-900k 36 30 6 0.1 7.2
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 24 21 4 0.1 6.9
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 7 12 1 0.3 3.5
1.5m-1.6m 13 14 6 0.2 5.6
1.6m-1.7m 2 11 1 0.9 1.1
1.7m-1.8m 9 6 3 0.1 9
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 6 10 2 0.3 3.6
2.25m-2.5m 11 5 0.1 13.2
2.5m-2.75m 8 9 1 0.2 5.3
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 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 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 6 4 0.1 9
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 5 1 0.3 3.6
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 8 8 2 0.2 6
651k-700k 8 14 3 0.3 3.4
701k-750k 9 10 3 0.2 5.4
751k-800k 11 3 0 22
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 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 1 0.3 0
51k-75k 6 7 2 0.2 5.1
76k-100k 27 31 7 0.2 5.2
101k-125k 44 44 5 0.2 6
126k-150k 61 61 12 0.2 6
151k-175k 76 46 5 0.1 9.9
176k-200k 47 33 7 0.1 8.5
201k-225k 43 27 5 0.1 9.6
226k-250k 38 27 9 0.1 8.4
251k-275k 30 20 2 0.1 9
276k-300k 23 17 1 0.1 8.1
301k-325k 20 15 2 0.1 8
326k-350k 27 19 2 0.1 8.5
351k-375k 16 9 3 0.1 10.7
376k-400k 31 11 3 0.1 16.9
401k-425k 11 11 1 0.2 6
426k-450k 21 11 1 0.1 11.5
451k-475k 12 4 1 0.1 18
476k-500k 13 13 0.2 6
501k-550k 21 16 4 0.1 7.9
551k-600k 12 10 3 0.1 7.2
601k-650k 7 9 5 0.2 4.7
651k-700k 10 11 3 0.2 5.5
701k-750k 7 7 0.2 6
751k-800k 2 7 0.6 1.7
801k-850k 7 4 0.1 10.5
851k-900k 6 2 0.1 18
901k-950k 4 7 1 0.3 3.4
951k-1m 10 4 0.1 15
1m-1.1m 5 7 1 0.2 4.3
1.1m-1.2m 9 8 2 0.1 6.8
1.2m-1.3m 7 8 0.2 5.3
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 10 3 1 0.1 20
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 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 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 2 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