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 3 7 1 0.4 2.6
151k-175k 9 11 3 0.2 4.9
176k-200k 7 27 10 0.6 1.6
201k-225k 18 34 9 0.3 3.2
226k-250k 46 47 10 0.2 5.9
251k-275k 36 60 13 0.3 3.6
276k-300k 64 82 16 0.2 4.7
301k-325k 38 83 19 0.4 2.7
326k-350k 74 117 20 0.3 3.8
351k-375k 55 86 16 0.3 3.8
376k-400k 74 114 24 0.3 3.9
401k-425k 47 72 12 0.3 3.9
426k-450k 65 77 12 0.2 5.1
451k-475k 32 54 9 0.3 3.6
476k-500k 44 67 11 0.3 3.9
501k-550k 67 94 13 0.2 4.3
551k-600k 57 63 11 0.2 5.4
601k-650k 36 68 21 0.3 3.2
651k-700k 42 45 12 0.2 5.6
701k-750k 23 46 8 0.3 3
751k-800k 29 42 13 0.2 4.1
801k-850k 22 25 3 0.2 5.3
851k-900k 26 31 8 0.2 5
901k-950k 16 8 3 0.1 12
951k-1m 25 19 1 0.1 7.9
1m-1.1m 16 18 6 0.2 5.3
1.1m-1.2m 23 15 3 0.1 9.2
1.2m-1.3m 23 17 1 0.1 8.1
1.3m-1.4m 17 17 4 0.2 6
1.4m-1.5m 9 11 0.2 4.9
1.5m-1.6m 10 12 2 0.2 5
1.6m-1.7m 6 7 0.2 5.1
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 7 3 1 0.1 14
1.9m-2m 6 5 2 0.1 7.2
2m-2.25m 10 7 1 0.1 8.6
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 5 8 1 0.3 3.8
2.75m-3m 6 3 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 2 0
5.01m-6m 8 3 0.1 16
6.01m-7m 4 1 0 24
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 2 1 0.2 6
176k-200k 1 3 1 0.5 2
201k-225k 3 0
251k-275k 5 3 2 0.1 10
276k-300k 2 4 0.3 3
301k-325k 5 0.8 0
326k-350k 3 2 2 0.1 9
351k-375k 1 5 1 0.8 1.2
376k-400k 3 6 2 0.3 3
401k-425k 1 3 0.5 2
426k-450k 1 3 1 0.5 2
451k-475k 2 3 1 0.3 4
476k-500k 5 2 1 0.1 15
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 17 2 0.4 2.5
701k-750k 10 9 1 0.2 6.7
751k-800k 15 5 2 0.1 18
801k-850k 5 10 4 0.3 3
851k-900k 5 9 2 0.3 3.3
901k-950k 3 6 2 0.3 3
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 1 0.2 6
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 11 4 0.4 2.7
76k-100k 31 38 9 0.2 4.9
101k-125k 39 40 8 0.2 5.9
126k-150k 66 53 12 0.1 7.5
151k-175k 68 38 4 0.1 10.7
176k-200k 45 36 6 0.1 7.5
201k-225k 53 24 4 0.1 13.3
226k-250k 59 28 6 0.1 12.6
251k-275k 30 16 1 0.1 11.3
276k-300k 21 13 1 0.1 9.7
301k-325k 21 11 2 0.1 11.5
326k-350k 23 13 2 0.1 10.6
351k-375k 22 10 2 0.1 13.2
376k-400k 22 9 0.1 14.7
401k-425k 15 11 3 0.1 8.2
426k-450k 24 8 0.1 18
451k-475k 15 4 1 0 22.5
476k-500k 16 8 0.1 12
501k-550k 25 18 4 0.1 8.3
551k-600k 5 9 0.3 3.3
601k-650k 9 9 1 0.2 6
651k-700k 10 8 0.1 7.5
701k-750k 4 6 0.3 4
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 4 6 1 0.3 4
951k-1m 7 4 0.1 10.5
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 6 14 5 0.4 2.6
1.2m-1.3m 8 8 1 0.2 6
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 7 5 0.1 8.4
1.6m-1.7m 4 4 0.2 6
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 4 1 0 24
1.9m-2m 2 3 1 0.3 4
2m-2.25m 8 2 0 24
2.25m-2.5m 2 4 1 0.3 3
2.5m-2.75m 3 3 0.2 6
2.75m-3m 7 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 1 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 8 0.3 3
226k-250k 5 5 1 0.2 6
251k-275k 5 2 0.1 15
276k-300k 6 3 1 0.1 12
301k-325k 3 2 0.5 0
326k-350k 6 1 0 36
351k-375k 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 2 0
426k-450k 4 0
451k-475k 2 0
476k-500k 2 0
501k-550k 2 2 0.2 6
551k-600k 3 1 0.1 18
601k-650k 2 2 0.2 6
651k-700k 2 0
701k-750k 1 0
751k-800k 2 3 1 0.3 4
801k-850k 3 2 0.1 9
851k-900k 3 1 0.1 18
901k-950k 3 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 2 2 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 3 0
1.8m-1.9m 4 1 1 0 24
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 2 0