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 21 3 0.7 1.4
201k-225k 21 25 8 0.2 5
226k-250k 39 41 12 0.2 5.7
251k-275k 31 51 12 0.3 3.6
276k-300k 62 82 14 0.2 4.5
301k-325k 42 83 10 0.3 3
326k-350k 69 126 19 0.3 3.3
351k-375k 53 99 9 0.3 3.2
376k-400k 92 109 20 0.2 5.1
401k-425k 39 86 15 0.4 2.7
426k-450k 62 94 12 0.3 4
451k-475k 47 63 9 0.2 4.5
476k-500k 48 76 13 0.3 3.8
501k-550k 63 98 14 0.3 3.9
551k-600k 55 77 4 0.2 4.3
601k-650k 32 58 7 0.3 3.3
651k-700k 36 45 6 0.2 4.8
701k-750k 22 40 12 0.3 3.3
751k-800k 34 35 9 0.2 5.8
801k-850k 18 31 4 0.3 3.5
851k-900k 35 30 5 0.1 7
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 6 12 1 0.3 3
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 7 10 2 0.2 4.2
2.25m-2.5m 10 5 0.1 12
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 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 2 0.8 1.2
326k-350k 1 0
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 8 4 1 0.1 12
601k-650k 8 8 2 0.2 6
651k-700k 8 14 3 0.3 3.4
701k-750k 9 10 2 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 43 4 0.2 6.1
126k-150k 61 60 11 0.2 6.1
151k-175k 76 46 5 0.1 9.9
176k-200k 48 34 7 0.1 8.5
201k-225k 43 26 5 0.1 9.9
226k-250k 40 27 9 0.1 8.9
251k-275k 30 19 2 0.1 9.5
276k-300k 23 16 1 0.1 8.6
301k-325k 20 14 2 0.1 8.6
326k-350k 27 19 2 0.1 8.5
351k-375k 16 9 2 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 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 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