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 6 2 0.5 2
151k-175k 7 12 3 0.3 3.5
176k-200k 9 23 6 0.4 2.3
201k-225k 18 29 10 0.3 3.7
226k-250k 42 44 10 0.2 5.7
251k-275k 37 50 10 0.2 4.4
276k-300k 66 83 16 0.2 4.8
301k-325k 42 80 10 0.3 3.2
326k-350k 70 124 18 0.3 3.4
351k-375k 61 95 14 0.3 3.9
376k-400k 82 111 25 0.2 4.4
401k-425k 51 71 6 0.2 4.3
426k-450k 56 79 8 0.2 4.3
451k-475k 33 51 5 0.3 3.9
476k-500k 50 73 14 0.2 4.1
501k-550k 69 96 19 0.2 4.3
551k-600k 66 67 8 0.2 5.9
601k-650k 36 58 15 0.3 3.7
651k-700k 42 44 9 0.2 5.7
701k-750k 18 41 5 0.4 2.6
751k-800k 38 39 12 0.2 5.8
801k-850k 22 27 4 0.2 4.9
851k-900k 33 29 5 0.1 6.8
901k-950k 21 7 4 0.1 18
951k-1m 19 19 5 0.2 6
1m-1.1m 18 17 3 0.2 6.4
1.1m-1.2m 18 18 2 0.2 6
1.2m-1.3m 25 20 4 0.1 7.5
1.3m-1.4m 14 18 2 0.2 4.7
1.4m-1.5m 12 12 1 0.2 6
1.5m-1.6m 12 11 1 0.2 6.5
1.6m-1.7m 4 8 1 0.3 3
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 7 3 0.1 14
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 10 11 1 0.2 5.5
2.25m-2.5m 6 7 2 0.2 5.1
2.5m-2.75m 6 7 0.2 5.1
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 7 2 0 21
3.5m-4m 7 3 0.1 14
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 5 3 0.1 10
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 2 0
226k-250k 1 0
251k-275k 5 1 0 30
276k-300k 4 4 0.2 6
301k-325k 1 5 0.8 1.2
326k-350k 2 1 1 0.1 12
351k-375k 3 5 0.3 3.6
376k-400k 2 7 2 0.6 1.7
401k-425k 6 1 0
426k-450k 2 5 1 0.4 2.4
451k-475k 2 2 0.2 6
476k-500k 4 2 1 0.1 12
501k-550k 5 4 0.1 7.5
551k-600k 10 2 0 30
601k-650k 7 7 1 0.2 6
651k-700k 8 19 6 0.4 2.5
701k-750k 11 9 1 0.1 7.3
751k-800k 11 3 0 22
801k-850k 6 8 2 0.2 4.5
851k-900k 5 8 1 0.3 3.8
901k-950k 2 7 3 0.6 1.7
951k-1m 6 1 0
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
1.7m-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 4 0.3 3.3
76k-100k 24 34 8 0.2 4.2
101k-125k 42 44 5 0.2 5.7
126k-150k 62 56 13 0.2 6.6
151k-175k 70 44 6 0.1 9.5
176k-200k 48 35 7 0.1 8.2
201k-225k 52 24 6 0.1 13
226k-250k 57 28 7 0.1 12.2
251k-275k 34 19 4 0.1 10.7
276k-300k 19 14 1 0.1 8.1
301k-325k 23 13 2 0.1 10.6
326k-350k 25 15 4 0.1 10
351k-375k 18 10 3 0.1 10.8
376k-400k 28 11 2 0.1 15.3
401k-425k 15 10 1 0.1 9
426k-450k 26 9 1 0.1 17.3
451k-475k 12 5 1 0.1 14.4
476k-500k 13 10 0.1 7.8
501k-550k 22 17 3 0.1 7.8
551k-600k 7 10 2 0.2 4.2
601k-650k 11 8 3 0.1 8.3
651k-700k 11 10 1 0.2 6.6
701k-750k 7 6 0.1 7
751k-800k 4 7 1 0.3 3.4
801k-850k 5 4 0.1 7.5
851k-900k 7 2 0 21
901k-950k 6 6 2 0.2 6
951k-1m 11 4 0.1 16.5
1m-1.1m 3 8 2 0.4 2.3
1.1m-1.2m 7 10 4 0.2 4.2
1.2m-1.3m 8 8 1 0.2 6
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 7 1 0.4 2.6
1.5m-1.6m 6 6 2 0.2 6
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 4 0
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 4 3 1 0.1 8
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 7 1 0 42
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 3 8 2 0.4 2.3
101k-125k 4 1 0 24
126k-150k 7 4 3 0.1 10.5
151k-175k 2 2 1 0.2 6
176k-200k 4 1 0 24
201k-225k 4 9 1 0.4 2.7
226k-250k 7 4 0.1 10.5
251k-275k 2 2 0.2 6
276k-300k 10 2 0 30
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 2 0
426k-450k 3 0
451k-475k 2 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 1 0
701k-750k 2 0
751k-800k 1 3 2 0.5 2
801k-850k 3 2 0.1 9
851k-900k 4 1 1 0 24
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
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 1 0
1.6m-1.7m 1 0
1.7m-1.8m 3 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 3 0
5.01m-6m 3 0