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 2 0.5 2
151k-175k 3 12 4 0.7 1.5
176k-200k 6 23 5 0.6 1.6
201k-225k 23 26 7 0.2 5.3
226k-250k 40 41 12 0.2 5.9
251k-275k 30 51 12 0.3 3.5
276k-300k 61 80 14 0.2 4.6
301k-325k 45 82 10 0.3 3.3
326k-350k 73 126 18 0.3 3.5
351k-375k 50 99 9 0.3 3
376k-400k 94 109 20 0.2 5.2
401k-425k 37 83 13 0.4 2.7
426k-450k 62 94 12 0.3 4
451k-475k 48 63 8 0.2 4.6
476k-500k 51 78 13 0.3 3.9
501k-550k 69 97 13 0.2 4.3
551k-600k 60 76 4 0.2 4.7
601k-650k 33 59 7 0.3 3.4
651k-700k 37 46 7 0.2 4.8
701k-750k 22 41 12 0.3 3.2
751k-800k 32 34 8 0.2 5.6
801k-850k 18 31 4 0.3 3.5
851k-900k 36 30 5 0.1 7.2
901k-950k 27 7 1 0 23.1
951k-1m 20 20 7 0.2 6
1m-1.1m 18 18 3 0.2 6
1.1m-1.2m 24 21 4 0.1 6.9
1.2m-1.3m 22 19 1 0.1 6.9
1.3m-1.4m 17 20 3 0.2 5.1
1.4m-1.5m 7 12 1 0.3 3.5
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 8 5 3 0.1 9.6
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 4 7 0.3 3.4
2m-2.25m 7 10 2 0.2 4.2
2.25m-2.5m 9 5 0.1 10.8
2.5m-2.75m 8 8 1 0.2 6
2.75m-3m 5 4 2 0.1 7.5
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 4 1 0 24
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 3 2 0.1 9
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 2 0.1 15
276k-300k 6 4 0.1 9
301k-325k 1 5 1 0.8 1.2
326k-350k 2 0
351k-375k 4 5 1 0.2 4.8
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 8 4 1 0.1 12
601k-650k 8 8 2 0.2 6
651k-700k 10 14 3 0.2 4.3
701k-750k 9 10 2 0.2 5.4
751k-800k 12 3 0 24
801k-850k 5 8 4 0.3 3.8
851k-900k 8 7 2 0.1 6.9
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 8 3 0.2 4.5
76k-100k 28 31 7 0.2 5.4
101k-125k 43 43 4 0.2 6
126k-150k 58 57 11 0.2 6.1
151k-175k 76 46 4 0.1 9.9
176k-200k 47 34 7 0.1 8.3
201k-225k 44 27 5 0.1 9.8
226k-250k 40 27 8 0.1 8.9
251k-275k 28 20 2 0.1 8.4
276k-300k 23 17 2 0.1 8.1
301k-325k 21 14 2 0.1 9
326k-350k 28 19 2 0.1 8.8
351k-375k 17 9 2 0.1 11.3
376k-400k 30 11 3 0.1 16.4
401k-425k 11 11 1 0.2 6
426k-450k 21 10 1 0.1 12.6
451k-475k 11 4 1 0.1 16.5
476k-500k 14 13 0.2 6.5
501k-550k 21 16 4 0.1 7.9
551k-600k 12 10 2 0.1 7.2
601k-650k 7 10 6 0.2 4.2
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 3 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 0.1 20
2.25m-2.5m 2 3 1 0.3 4
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 1 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 3 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 0.2 0
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 4 2 0.7 0
1.3m-1.4m 3 1 0.1 18
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