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 22 36 7 0.3 3.7
226k-250k 46 46 9 0.2 6
251k-275k 33 64 14 0.3 3.1
276k-300k 74 78 13 0.2 5.7
301k-325k 32 84 21 0.4 2.3
326k-350k 74 121 23 0.3 3.7
351k-375k 60 87 15 0.2 4.1
376k-400k 72 115 24 0.3 3.8
401k-425k 51 78 17 0.3 3.9
426k-450k 66 79 13 0.2 5
451k-475k 34 55 10 0.3 3.7
476k-500k 49 65 9 0.2 4.5
501k-550k 62 95 14 0.3 3.9
551k-600k 64 67 13 0.2 5.7
601k-650k 34 66 19 0.3 3.1
651k-700k 36 46 11 0.2 4.7
701k-750k 27 46 8 0.3 3.5
751k-800k 31 42 12 0.2 4.4
801k-850k 23 26 4 0.2 5.3
851k-900k 30 34 10 0.2 5.3
901k-950k 14 9 4 0.1 9.3
951k-1m 22 22 4 0.2 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 27 17 1 0.1 9.5
1.3m-1.4m 13 18 5 0.2 4.3
1.4m-1.5m 9 11 0.2 4.9
1.5m-1.6m 8 12 2 0.3 4
1.6m-1.7m 10 7 0.1 8.6
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 6 3 1 0.1 12
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 7 3 0.1 14
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 10 1 0 60
601k-650k 8 9 3 0.2 5.3
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 3 6 0.3 3
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 29 39 10 0.2 4.5
101k-125k 43 41 8 0.2 6.3
126k-150k 65 53 10 0.1 7.4
151k-175k 69 38 4 0.1 10.9
176k-200k 48 38 7 0.1 7.6
201k-225k 54 24 4 0.1 13.5
226k-250k 58 28 5 0.1 12.4
251k-275k 31 16 1 0.1 11.6
276k-300k 23 12 1 0.1 11.5
301k-325k 20 11 1 0.1 10.9
326k-350k 24 13 2 0.1 11.1
351k-375k 21 10 2 0.1 12.6
376k-400k 24 9 1 0.1 16
401k-425k 15 11 4 0.1 8.2
426k-450k 24 10 2 0.1 14.4
451k-475k 17 5 1 0 20.4
476k-500k 20 8 0.1 15
501k-550k 23 17 4 0.1 8.1
551k-600k 7 9 1 0.2 4.7
601k-650k 11 11 3 0.2 6
651k-700k 13 9 1 0.1 8.7
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 4 1 0 24
1.9m-2m 1 4 2 0.7 1.5
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 8 0
3m-3.5m 9 1 1 0 54
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 3 9 1 0.5 2
101k-125k 7 1 0 42
126k-150k 9 4 0.1 13.5
151k-175k 2 1 1 0.1 12
176k-200k 8 1 0 48
201k-225k 4 8 0.3 3
226k-250k 5 5 1 0.2 6
251k-275k 7 2 0 21
276k-300k 5 3 1 0.1 10
301k-325k 2 3 1 0.3 4
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