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
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 40 10 0.2 6
251k-275k 30 50 11 0.3 3.6
276k-300k 62 79 14 0.2 4.7
301k-325k 45 81 9 0.3 3.3
326k-350k 73 124 18 0.3 3.5
351k-375k 50 98 8 0.3 3.1
376k-400k 95 107 19 0.2 5.3
401k-425k 37 82 13 0.4 2.7
426k-450k 63 93 11 0.2 4.1
451k-475k 47 60 8 0.2 4.7
476k-500k 50 79 13 0.3 3.8
501k-550k 67 96 12 0.2 4.2
551k-600k 60 73 2 0.2 4.9
601k-650k 33 59 7 0.3 3.4
651k-700k 37 46 7 0.2 4.8
701k-750k 21 40 12 0.3 3.2
751k-800k 32 34 8 0.2 5.6
801k-850k 19 31 4 0.3 3.7
851k-900k 35 30 5 0.1 7
901k-950k 27 6 1 0 27
951k-1m 19 19 4 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 5 4 0.1 7.5
4m-4.5m 2 0
4.5m-5m 4 0
5.01m-6m 7 3 1 0.1 14
6.01m-7m 4 1 0 24
7.01m-8m 3 1 0.1 18
9.01m-10m 2 1 0.1 12
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 5 4 0.1 7.5
301k-325k 1 5 0.8 1.2
326k-350k 3 0
351k-375k 3 5 1 0.3 3.6
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 5 5 0.2 6
551k-600k 7 4 1 0.1 10.5
601k-650k 8 8 2 0.2 6
651k-700k 10 14 3 0.2 4.3
701k-750k 9 10 1 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 59 57 9 0.2 6.2
151k-175k 75 45 4 0.1 10
176k-200k 47 34 7 0.1 8.3
201k-225k 44 27 5 0.1 9.8
226k-250k 40 27 7 0.1 8.9
251k-275k 28 20 2 0.1 8.4
276k-300k 22 17 2 0.1 7.8
301k-325k 21 14 2 0.1 9
326k-350k 27 18 2 0.1 9
351k-375k 17 9 1 0.1 11.3
376k-400k 30 10 3 0.1 18
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 11 10 2 0.2 6.6
601k-650k 7 10 4 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 4 7 1 0.3 3.4
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 2 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 1 0.1 18
126k-150k 6 4 1 0.1 9
151k-175k 2 1 0.1 12
176k-200k 2 4 0.3 3
201k-225k 2 10 5 0.8 1.2
226k-250k 5 5 0.2 6
251k-275k 4 2 1 0.1 12
276k-300k 6 2 0.1 18
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