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 9 11 3 0.2 4.9
176k-200k 7 25 8 0.6 1.7
201k-225k 17 32 9 0.3 3.2
226k-250k 44 44 8 0.2 6
251k-275k 37 56 9 0.3 4
276k-300k 65 81 18 0.2 4.8
301k-325k 41 81 16 0.3 3
326k-350k 69 116 20 0.3 3.6
351k-375k 51 87 14 0.3 3.5
376k-400k 73 112 26 0.3 3.9
401k-425k 47 72 11 0.3 3.9
426k-450k 61 80 12 0.2 4.6
451k-475k 30 55 11 0.3 3.3
476k-500k 49 67 12 0.2 4.4
501k-550k 66 93 14 0.2 4.3
551k-600k 59 65 11 0.2 5.4
601k-650k 37 67 22 0.3 3.3
651k-700k 38 45 12 0.2 5.1
701k-750k 19 45 7 0.4 2.5
751k-800k 35 41 11 0.2 5.1
801k-850k 24 27 4 0.2 5.3
851k-900k 30 30 7 0.2 6
901k-950k 19 8 4 0.1 14.3
951k-1m 23 19 2 0.1 7.3
1m-1.1m 16 18 5 0.2 5.3
1.1m-1.2m 19 15 3 0.1 7.6
1.2m-1.3m 23 17 1 0.1 8.1
1.3m-1.4m 19 17 3 0.1 6.7
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 11 9 1 0.1 7.3
2.25m-2.5m 4 6 1 0.3 4
2.5m-2.75m 6 8 1 0.2 4.5
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 1 2 0.3 3
201k-225k 3 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 1 5 0.8 1.2
426k-450k 2 4 1 0.3 3
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 9 3 0.2 4.7
651k-700k 7 18 4 0.4 2.3
701k-750k 12 9 1 0.1 8
751k-800k 14 5 2 0.1 16.8
801k-850k 5 10 4 0.3 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
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 5 10 2 0.3 3
76k-100k 29 34 7 0.2 5.1
101k-125k 39 39 5 0.2 6
126k-150k 68 54 12 0.1 7.6
151k-175k 68 39 4 0.1 10.5
176k-200k 46 36 8 0.1 7.7
201k-225k 52 24 4 0.1 13
226k-250k 62 27 5 0.1 13.8
251k-275k 26 16 2 0.1 9.8
276k-300k 19 13 1 0.1 8.8
301k-325k 21 13 2 0.1 9.7
326k-350k 24 13 3 0.1 11.1
351k-375k 23 10 3 0.1 13.8
376k-400k 25 9 1 0.1 16.7
401k-425k 14 10 3 0.1 8.4
426k-450k 28 8 1 0 21
451k-475k 14 5 1 0.1 16.8
476k-500k 16 9 0.1 10.7
501k-550k 21 17 4 0.1 7.4
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 6 6 0.2 6
751k-800k 5 6 1 0.2 5
801k-850k 3 5 1 0.3 3.6
851k-900k 8 2 0 24
901k-950k 6 7 1 0.2 5.1
951k-1m 9 4 0.1 13.5
1m-1.1m 3 8 3 0.4 2.3
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 4 4 1 0.2 6
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 4 1 0.2 4.5
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 6 1 0 36
201k-225k 5 9 0.3 3.3
226k-250k 5 5 1 0.2 6
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
401k-425k 1 0
426k-450k 4 0
451k-475k 1 0
476k-500k 2 0
501k-550k 3 2 1 0.1 9
551k-600k 3 1 0.1 18
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 3 2 0.1 9
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 1 3 1 0.5 2
1.3m-1.4m 1 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
1.9m-2m 1 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