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
101k-125k 1 1 0.2 0
126k-150k 2 7 1 0.6 1.7
151k-175k 8 11 3 0.2 4.4
176k-200k 9 24 7 0.4 2.3
201k-225k 18 31 8 0.3 3.5
226k-250k 47 43 8 0.2 6.6
251k-275k 40 56 9 0.2 4.3
276k-300k 64 83 18 0.2 4.6
301k-325k 39 77 12 0.3 3
326k-350k 69 114 18 0.3 3.6
351k-375k 56 85 12 0.3 4
376k-400k 74 106 20 0.2 4.2
401k-425k 47 71 10 0.3 4
426k-450k 58 77 10 0.2 4.5
451k-475k 33 51 7 0.3 3.9
476k-500k 48 66 11 0.2 4.4
501k-550k 64 91 13 0.2 4.2
551k-600k 62 64 10 0.2 5.8
601k-650k 35 64 19 0.3 3.3
651k-700k 43 43 10 0.2 6
701k-750k 18 42 4 0.4 2.6
751k-800k 36 41 11 0.2 5.3
801k-850k 24 27 4 0.2 5.3
851k-900k 30 29 6 0.2 6.2
901k-950k 18 7 3 0.1 15.4
951k-1m 23 19 2 0.1 7.3
1m-1.1m 16 17 4 0.2 5.6
1.1m-1.2m 20 15 3 0.1 8
1.2m-1.3m 24 17 1 0.1 8.5
1.3m-1.4m 20 16 2 0.1 7.5
1.4m-1.5m 10 12 1 0.2 5
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 3 1 0.1 12
1.9m-2m 5 6 2 0.2 5
2m-2.25m 10 9 1 0.2 6.7
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 7 8 1 0.2 5.3
2.75m-3m 6 3 1 0.1 12
3m-3.5m 7 3 1 0.1 14
3.5m-4m 6 3 0.1 12
4m-4.5m 4 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 3 2 2 0.1 9
351k-375k 2 5 1 0.4 2.4
376k-400k 2 6 2 0.5 2
401k-425k 5 0.8 0
426k-450k 2 4 1 0.3 3
451k-475k 3 2 0.1 9
476k-500k 2 2 1 0.2 6
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 9 1 0.1 8
751k-800k 12 5 2 0.1 14.4
801k-850k 5 9 3 0.3 3.3
851k-900k 5 9 2 0.3 3.3
901k-950k 2 6 3 0.5 2
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 27 34 7 0.2 4.8
101k-125k 41 39 4 0.2 6.3
126k-150k 64 51 9 0.1 7.5
151k-175k 71 38 4 0.1 11.2
176k-200k 48 34 6 0.1 8.5
201k-225k 52 24 4 0.1 13
226k-250k 62 26 4 0.1 14.3
251k-275k 26 16 2 0.1 9.8
276k-300k 20 13 1 0.1 9.2
301k-325k 21 13 2 0.1 9.7
326k-350k 25 12 2 0.1 12.5
351k-375k 22 10 3 0.1 13.2
376k-400k 24 9 1 0.1 16
401k-425k 15 10 3 0.1 9
426k-450k 27 8 1 0 20.3
451k-475k 14 5 1 0.1 16.8
476k-500k 15 9 0.1 10
501k-550k 22 18 4 0.1 7.3
551k-600k 5 10 0.3 3
601k-650k 8 9 1 0.2 5.3
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 6 1 0.3 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 13 4 0.4 2.8
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 5 1 0.1 7.2
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 9 4 1 0.1 13.5
151k-175k 2 2 1 0.2 6
176k-200k 7 1 0 42
201k-225k 4 9 0.4 2.7
226k-250k 6 5 1 0.1 7.2
251k-275k 5 2 0.1 15
276k-300k 8 3 1 0.1 16
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 2 3 1 0.3 4
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 1 1 0.1 12
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