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 1 0.2 0
126k-150k 2 7 3 0.6 1.7
151k-175k 8 11 3 0.2 4.4
176k-200k 11 25 7 0.4 2.6
201k-225k 20 29 9 0.2 4.1
226k-250k 48 45 10 0.2 6.4
251k-275k 38 54 12 0.2 4.2
276k-300k 70 88 20 0.2 4.8
301k-325k 40 76 11 0.3 3.2
326k-350k 71 118 17 0.3 3.6
351k-375k 60 92 15 0.3 3.9
376k-400k 81 108 23 0.2 4.5
401k-425k 50 70 8 0.2 4.3
426k-450k 57 82 11 0.2 4.2
451k-475k 34 50 6 0.2 4.1
476k-500k 52 70 13 0.2 4.5
501k-550k 70 95 15 0.2 4.4
551k-600k 65 65 8 0.2 6
601k-650k 35 63 19 0.3 3.3
651k-700k 43 41 9 0.2 6.3
701k-750k 19 43 7 0.4 2.7
751k-800k 36 41 13 0.2 5.3
801k-850k 24 28 4 0.2 5.1
851k-900k 31 30 6 0.2 6.2
901k-950k 20 7 4 0.1 17.1
951k-1m 21 19 4 0.2 6.6
1m-1.1m 16 16 3 0.2 6
1.1m-1.2m 16 15 3 0.2 6.4
1.2m-1.3m 26 18 3 0.1 8.7
1.3m-1.4m 17 18 2 0.2 5.7
1.4m-1.5m 13 12 1 0.2 6.5
1.5m-1.6m 11 12 1 0.2 5.5
1.6m-1.7m 5 7 0.2 4.3
1.7m-1.8m 6 4 0.1 9
1.8m-1.9m 7 2 0 21
1.9m-2m 5 8 2 0.3 3.8
2m-2.25m 9 11 1 0.2 4.9
2.25m-2.5m 6 7 2 0.2 5.1
2.5m-2.75m 6 7 0.2 5.1
2.75m-3m 6 4 2 0.1 9
3m-3.5m 7 3 1 0.1 14
3.5m-4m 7 3 0.1 14
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 6 3 0.1 12
6.01m-7m 5 2 1 0.1 15
7.01m-8m 3 0
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 2 1 0.1 12
176k-200k 1 2 0.3 3
201k-225k 2 0
226k-250k 1 0
251k-275k 5 2 1 0.1 15
276k-300k 4 4 0.2 6
301k-325k 1 5 0.8 1.2
326k-350k 2 2 2 0.2 6
351k-375k 2 4 0.3 3
376k-400k 2 6 2 0.5 2
401k-425k 6 1 0
426k-450k 2 6 1 0.5 2
451k-475k 3 2 0.1 9
476k-500k 3 2 1 0.1 9
501k-550k 5 4 0.1 7.5
551k-600k 10 1 0 60
601k-650k 7 8 2 0.2 5.3
651k-700k 8 18 5 0.4 2.7
701k-750k 11 9 0.1 7.3
751k-800k 12 4 1 0.1 18
801k-850k 6 9 3 0.3 4
851k-900k 5 8 1 0.3 3.8
901k-950k 2 7 3 0.6 1.7
951k-1m 1 6 1 1
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 3 1 0.5 2
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

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 5 9 3 0.3 3.3
76k-100k 24 36 10 0.3 4
101k-125k 40 41 5 0.2 5.9
126k-150k 61 53 14 0.1 6.9
151k-175k 72 44 5 0.1 9.8
176k-200k 47 35 4 0.1 8.1
201k-225k 53 24 4 0.1 13.3
226k-250k 59 27 5 0.1 13.1
251k-275k 29 18 4 0.1 9.7
276k-300k 20 12 1 0.1 10
301k-325k 23 13 2 0.1 10.6
326k-350k 24 13 2 0.1 11.1
351k-375k 21 10 3 0.1 12.6
376k-400k 27 9 1 0.1 18
401k-425k 15 9 1 0.1 10
426k-450k 26 9 1 0.1 17.3
451k-475k 13 5 1 0.1 15.6
476k-500k 14 9 0.1 9.3
501k-550k 22 17 3 0.1 7.8
551k-600k 6 10 1 0.3 3.6
601k-650k 11 9 2 0.1 7.3
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 6 0.3 4
801k-850k 5 5 1 0.2 6
851k-900k 8 2 0 24
901k-950k 6 6 1 0.2 6
951k-1m 11 4 0.1 16.5
1m-1.1m 4 7 2 0.3 3.4
1.1m-1.2m 6 11 4 0.3 3.3
1.2m-1.3m 7 8 1 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 6 6 1 0.2 6
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 4 0
1.8m-1.9m 5 1 0 30
1.9m-2m 2 3 1 0.3 4
2m-2.25m 7 2 0 21
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 6 1 0 36
3m-3.5m 8 0
3.5m-4m 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 8 2 0.7 1.5
101k-125k 4 1 0 24
126k-150k 7 4 2 0.1 10.5
151k-175k 2 2 1 0.2 6
176k-200k 4 1 0 24
201k-225k 4 9 1 0.4 2.7
226k-250k 7 4 0.1 10.5
251k-275k 3 2 0.1 9
276k-300k 10 2 0 30
301k-325k 2 1 0.3 0
326k-350k 5 1 0 30
351k-375k 1 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 3 0
451k-475k 2 0
476k-500k 2 0
501k-550k 3 2 1 0.1 9
551k-600k 2 1 0.1 12
601k-650k 2 2 1 0.2 6
651k-700k 2 0
701k-750k 2 0
751k-800k 1 3 2 0.5 2
801k-850k 2 2 0.2 6
851k-900k 5 1 1 0 30
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
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 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 3 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 3 0