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
126k-150k 2 6 2 0.5 2
151k-175k 3 12 4 0.7 1.5
176k-200k 8 23 5 0.5 2.1
201k-225k 21 26 7 0.2 4.8
226k-250k 42 39 10 0.2 6.5
251k-275k 32 50 12 0.3 3.8
276k-300k 64 81 16 0.2 4.7
301k-325k 45 81 9 0.3 3.3
326k-350k 77 125 19 0.3 3.7
351k-375k 53 98 8 0.3 3.2
376k-400k 96 108 19 0.2 5.3
401k-425k 36 82 13 0.4 2.6
426k-450k 64 92 10 0.2 4.2
451k-475k 47 60 8 0.2 4.7
476k-500k 51 79 13 0.3 3.9
501k-550k 68 98 14 0.2 4.2
551k-600k 57 73 3 0.2 4.7
601k-650k 35 59 7 0.3 3.6
651k-700k 37 46 7 0.2 4.8
701k-750k 21 40 12 0.3 3.2
751k-800k 34 34 8 0.2 6
801k-850k 20 31 4 0.3 3.9
851k-900k 35 30 5 0.1 7
901k-950k 27 7 2 0 23.1
951k-1m 18 19 4 0.2 5.7
1m-1.1m 19 18 3 0.2 6.3
1.1m-1.2m 23 21 4 0.2 6.6
1.2m-1.3m 22 19 1 0.1 6.9
1.3m-1.4m 16 20 3 0.2 4.8
1.4m-1.5m 8 12 1 0.3 4
1.5m-1.6m 12 14 6 0.2 5.1
1.6m-1.7m 2 11 1 0.9 1.1
1.7m-1.8m 8 5 3 0.1 9.6
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 5 7 0.2 4.3
2m-2.25m 7 10 2 0.2 4.2
2.25m-2.5m 9 6 1 0.1 9
2.5m-2.75m 8 8 1 0.2 6
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 6 2 1 0.1 18
3.5m-4m 5 4 0.1 7.5
4m-4.5m 2 0
4.5m-5m 5 0
5.01m-6m 7 3 1 0.1 14
6.01m-7m 4 1 0 24
7.01m-8m 3 1 0.1 18
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 3 2 0.1 9
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 2 0.1 15
276k-300k 5 4 0.1 7.5
301k-325k 1 5 0.8 1.2
326k-350k 3 0
351k-375k 3 5 1 0.3 3.6
376k-400k 1 6 1 1
401k-425k 6 1 0
426k-450k 3 5 1 0.3 3.6
451k-475k 1 4 0.7 1.5
476k-500k 4 1 1 0 24
501k-550k 5 5 0.2 6
551k-600k 7 4 1 0.1 10.5
601k-650k 8 8 2 0.2 6
651k-700k 10 15 4 0.3 4
701k-750k 9 10 1 0.2 5.4
751k-800k 11 3 0 22
801k-850k 5 8 4 0.3 3.8
851k-900k 8 7 2 0.1 6.9
901k-950k 3 5 0.3 3.6
951k-1m 2 6 1 0.5 2
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 2 0.3 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
3m-3.5m 1 0
5.01m-6m 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 1 0.3 0
51k-75k 6 9 4 0.3 4
76k-100k 28 32 8 0.2 5.3
101k-125k 44 43 4 0.2 6.1
126k-150k 58 59 11 0.2 5.9
151k-175k 75 46 5 0.1 9.8
176k-200k 47 34 7 0.1 8.3
201k-225k 48 27 5 0.1 10.7
226k-250k 40 27 7 0.1 8.9
251k-275k 27 21 3 0.1 7.7
276k-300k 22 17 2 0.1 7.8
301k-325k 18 14 2 0.1 7.7
326k-350k 27 18 2 0.1 9
351k-375k 17 9 1 0.1 11.3
376k-400k 31 10 3 0.1 18.6
401k-425k 11 11 1 0.2 6
426k-450k 21 10 1 0.1 12.6
451k-475k 11 4 1 0.1 16.5
476k-500k 14 13 0.2 6.5
501k-550k 21 16 4 0.1 7.9
551k-600k 10 10 2 0.2 6
601k-650k 7 10 4 0.2 4.2
651k-700k 10 11 3 0.2 5.5
701k-750k 6 7 0.2 5.1
751k-800k 2 7 0.6 1.7
801k-850k 7 4 0.1 10.5
851k-900k 6 2 0.1 18
901k-950k 3 7 1 0.4 2.6
951k-1m 10 4 0.1 15
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 8 8 3 0.2 6
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 7 2 0.6 1.7
1.5m-1.6m 7 6 2 0.1 7
1.6m-1.7m 6 3 2 0.1 12
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 1 0 30
1.9m-2m 2 2 1 0.2 6
2m-2.25m 10 3 0.1 20
2.25m-2.5m 2 3 1 0.3 4
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 1 0 36
3m-3.5m 9 0
3.5m-4m 2 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 5 6 1 0.2 5
101k-125k 3 1 0.1 18
126k-150k 6 4 1 0.1 9
151k-175k 2 1 0.1 12
176k-200k 2 4 0.3 3
201k-225k 2 10 5 0.8 1.2
226k-250k 5 5 0.2 6
251k-275k 4 2 1 0.1 12
276k-300k 8 2 0 24
301k-325k 1 1 1 0.2 6
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 2 1 1 0.1 12
401k-425k 3 1 0.1 18
426k-450k 6 0
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 3 1 0.1 18
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 1 1 1 0.2 6
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 0
1.2m-1.3m 4 2 0.7 0
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 3 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 4 0
2.5m-2.75m 3 0
2.75m-3m 2 0
5.01m-6m 2 0