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 1 0.6 1.7
151k-175k 7 11 3 0.3 3.8
176k-200k 9 26 7 0.5 2.1
201k-225k 18 30 8 0.3 3.6
226k-250k 47 44 10 0.2 6.4
251k-275k 38 54 9 0.2 4.2
276k-300k 63 88 19 0.2 4.3
301k-325k 40 78 12 0.3 3.1
326k-350k 71 117 16 0.3 3.6
351k-375k 57 89 12 0.3 3.8
376k-400k 75 108 21 0.2 4.2
401k-425k 48 72 10 0.3 4
426k-450k 60 75 9 0.2 4.8
451k-475k 33 52 8 0.3 3.8
476k-500k 47 70 11 0.2 4
501k-550k 66 92 13 0.2 4.3
551k-600k 63 67 10 0.2 5.6
601k-650k 35 63 19 0.3 3.3
651k-700k 42 41 8 0.2 6.1
701k-750k 18 43 5 0.4 2.5
751k-800k 37 42 12 0.2 5.3
801k-850k 25 28 4 0.2 5.4
851k-900k 30 30 6 0.2 6
901k-950k 18 7 3 0.1 15.4
951k-1m 21 19 2 0.2 6.6
1m-1.1m 16 17 4 0.2 5.6
1.1m-1.2m 19 15 3 0.1 7.6
1.2m-1.3m 24 18 1 0.1 8
1.3m-1.4m 18 18 2 0.2 6
1.4m-1.5m 12 12 1 0.2 6
1.5m-1.6m 9 12 1 0.2 4.5
1.6m-1.7m 5 7 0.2 4.3
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 6 2 0.1 18
1.9m-2m 5 8 2 0.3 3.8
2m-2.25m 10 11 1 0.2 5.5
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 6 8 1 0.2 4.5
2.75m-3m 7 3 1 0.1 14
3m-3.5m 7 3 1 0.1 14
3.5m-4m 6 3 0.1 12
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 7 3 0.1 14
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 2 2 0.2 6
201k-225k 2 0
226k-250k 1 0
251k-275k 4 2 1 0.1 12
276k-300k 2 4 0.3 3
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 5 0.8 0
426k-450k 2 5 1 0.4 2.4
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 7 17 3 0.4 2.5
701k-750k 12 10 1 0.1 7.2
751k-800k 12 4 1 0.1 18
801k-850k 5 9 3 0.3 3.3
851k-900k 5 9 2 0.3 3.3
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 1 0.3 3.3
76k-100k 25 35 9 0.2 4.3
101k-125k 40 42 4 0.2 5.7
126k-150k 63 52 9 0.1 7.3
151k-175k 71 40 4 0.1 10.7
176k-200k 46 35 4 0.1 7.9
201k-225k 52 24 4 0.1 13
226k-250k 60 28 6 0.1 12.9
251k-275k 27 18 2 0.1 9
276k-300k 21 13 1 0.1 9.7
301k-325k 21 13 2 0.1 9.7
326k-350k 24 14 2 0.1 10.3
351k-375k 22 10 3 0.1 13.2
376k-400k 24 9 1 0.1 16
401k-425k 15 9 1 0.1 10
426k-450k 27 9 1 0.1 18
451k-475k 13 5 1 0.1 15.6
476k-500k 15 9 0.1 10
501k-550k 21 16 2 0.1 7.9
551k-600k 6 10 0.3 3.6
601k-650k 10 9 1 0.2 6.7
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 7 1 0.3 3.4
801k-850k 4 5 1 0.2 4.8
851k-900k 8 2 0 24
901k-950k 6 6 0.2 6
951k-1m 9 4 0.1 13.5
1m-1.1m 3 7 2 0.4 2.6
1.1m-1.2m 6 11 3 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 1 1 0 24
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 0
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 8 4 2 0.1 12
151k-175k 2 2 1 0.2 6
176k-200k 6 1 0 36
201k-225k 5 9 0.3 3.3
226k-250k 6 4 0.1 9
251k-275k 3 2 0.1 9
276k-300k 10 3 1 0.1 20
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
426k-450k 4 0
451k-475k 1 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 0 30
901k-950k 2 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 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 4 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 2 0