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 2 0.2 4.9
176k-200k 8 25 10 0.5 1.9
201k-225k 20 34 6 0.3 3.5
226k-250k 45 46 10 0.2 5.9
251k-275k 38 60 11 0.3 3.8
276k-300k 67 80 15 0.2 5
301k-325k 37 84 21 0.4 2.6
326k-350k 70 118 19 0.3 3.6
351k-375k 60 87 14 0.2 4.1
376k-400k 72 114 24 0.3 3.8
401k-425k 47 74 12 0.3 3.8
426k-450k 68 78 13 0.2 5.2
451k-475k 33 54 9 0.3 3.7
476k-500k 43 66 11 0.3 3.9
501k-550k 66 93 12 0.2 4.3
551k-600k 56 63 11 0.2 5.3
601k-650k 34 68 20 0.3 3
651k-700k 38 46 11 0.2 5
701k-750k 22 46 8 0.3 2.9
751k-800k 30 41 12 0.2 4.4
801k-850k 20 25 3 0.2 4.8
851k-900k 27 31 8 0.2 5.2
901k-950k 16 8 3 0.1 12
951k-1m 24 19 1 0.1 7.6
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 21 17 1 0.1 7.4
1.3m-1.4m 17 17 4 0.2 6
1.4m-1.5m 8 11 0.2 4.4
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 7 5 1 0.1 8.4
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 4 8 1 0.3 3
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 9 4 1 0.1 13.5
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 1 5 0.8 1.2
326k-350k 2 2 2 0.2 6
351k-375k 1 5 1 0.8 1.2
376k-400k 3 6 1 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 0.1 15
501k-550k 5 4 0.1 7.5
551k-600k 11 1 0 66
601k-650k 7 9 3 0.2 4.7
651k-700k 8 17 2 0.4 2.8
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 1 0.3 3.3
901k-950k 3 6 1 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 30 39 10 0.2 4.6
101k-125k 41 41 8 0.2 6
126k-150k 66 53 11 0.1 7.5
151k-175k 67 38 4 0.1 10.6
176k-200k 48 36 6 0.1 8
201k-225k 50 25 4 0.1 12
226k-250k 58 28 6 0.1 12.4
251k-275k 30 16 1 0.1 11.3
276k-300k 22 13 1 0.1 10.2
301k-325k 21 12 3 0.1 10.5
326k-350k 22 13 2 0.1 10.2
351k-375k 22 10 2 0.1 13.2
376k-400k 21 8 0.1 15.8
401k-425k 15 11 3 0.1 8.2
426k-450k 24 8 0.1 18
451k-475k 15 5 2 0.1 18
476k-500k 16 8 0.1 12
501k-550k 26 18 4 0.1 8.7
551k-600k 5 10 1 0.3 3
601k-650k 9 9 1 0.2 6
651k-700k 11 8 0.1 8.3
701k-750k 4 6 0.3 4
751k-800k 6 6 1 0.2 6
801k-850k 3 5 1 0.3 3.6
851k-900k 8 2 0 24
901k-950k 5 6 1 0.2 5
951k-1m 6 4 0.1 9
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 9 2 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 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 6 0
3m-3.5m 10 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 9 1 0.8 1.3
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 6 2 0.1 18
276k-300k 5 3 1 0.1 10
301k-325k 1 3 1 0.5 2
326k-350k 5 1 0 30
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