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 7 3 0.6 1.7
151k-175k 3 13 5 0.7 1.4
176k-200k 8 22 5 0.5 2.2
201k-225k 20 26 7 0.2 4.6
226k-250k 43 40 11 0.2 6.5
251k-275k 32 53 15 0.3 3.6
276k-300k 66 82 17 0.2 4.8
301k-325k 44 81 9 0.3 3.3
326k-350k 74 125 19 0.3 3.6
351k-375k 53 101 11 0.3 3.1
376k-400k 93 110 20 0.2 5.1
401k-425k 39 81 13 0.3 2.9
426k-450k 64 94 12 0.2 4.1
451k-475k 46 60 8 0.2 4.6
476k-500k 51 79 13 0.3 3.9
501k-550k 69 99 15 0.2 4.2
551k-600k 58 73 3 0.2 4.8
601k-650k 36 60 8 0.3 3.6
651k-700k 38 47 7 0.2 4.9
701k-750k 21 41 13 0.3 3.1
751k-800k 32 37 11 0.2 5.2
801k-850k 20 31 4 0.3 3.9
851k-900k 31 30 5 0.2 6.2
901k-950k 30 7 2 0 25.7
951k-1m 20 20 5 0.2 6
1m-1.1m 19 18 3 0.2 6.3
1.1m-1.2m 23 21 4 0.2 6.6
1.2m-1.3m 22 20 2 0.2 6.6
1.3m-1.4m 16 20 3 0.2 4.8
1.4m-1.5m 8 12 1 0.3 4
1.5m-1.6m 12 14 6 0.2 5.1
1.6m-1.7m 3 11 1 0.6 1.6
1.7m-1.8m 7 5 3 0.1 8.4
1.8m-1.9m 9 4 0.1 13.5
1.9m-2m 4 7 0.3 3.4
2m-2.25m 9 10 2 0.2 5.4
2.25m-2.5m 8 6 1 0.1 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 5 0
5.01m-6m 6 3 1 0.1 12
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 2 1 0.1 12
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 1 6 1 1
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 8 4 1 0.1 12
601k-650k 8 8 2 0.2 6
651k-700k 9 16 5 0.3 3.4
701k-750k 9 10 1 0.2 5.4
751k-800k 11 3 0 22
801k-850k 7 8 4 0.2 5.3
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 1 2 1 0.3 3
51k-75k 6 9 4 0.3 4
76k-100k 26 33 9 0.2 4.7
101k-125k 46 45 6 0.2 6.1
126k-150k 58 61 13 0.2 5.7
151k-175k 77 46 5 0.1 10
176k-200k 45 34 7 0.1 7.9
201k-225k 48 27 5 0.1 10.7
226k-250k 41 27 7 0.1 9.1
251k-275k 27 21 3 0.1 7.7
276k-300k 22 17 2 0.1 7.8
301k-325k 19 14 2 0.1 8.1
326k-350k 26 19 3 0.1 8.2
351k-375k 18 9 1 0.1 12
376k-400k 32 10 3 0.1 19.2
401k-425k 12 11 1 0.2 6.5
426k-450k 22 10 1 0.1 13.2
451k-475k 11 4 1 0.1 16.5
476k-500k 14 13 0.2 6.5
501k-550k 21 17 5 0.1 7.4
551k-600k 10 10 2 0.2 6
601k-650k 7 10 4 0.2 4.2
651k-700k 10 11 3 0.2 5.5
701k-750k 6 7 0.2 5.1
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 8 2 0.3 3
951k-1m 9 4 0.1 13.5
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 8 8 3 0.2 6
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 7 2 0.6 1.7
1.5m-1.6m 7 6 2 0.1 7
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 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 4 6 1 0.3 4
101k-125k 3 1 0.1 18
126k-150k 7 4 1 0.1 10.5
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 6 5 0.1 7.2
251k-275k 4 2 1 0.1 12
276k-300k 8 2 0 24
301k-325k 1 1 1 0.2 6
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 4 0
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 3 1 0.1 18
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 1 2 2 0.3 3
801k-850k 2 3 0.3 4
851k-900k 2 1 1 0.1 12
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