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 26 9 0.6 1.6
201k-225k 16 33 8 0.3 2.9
226k-250k 48 46 11 0.2 6.3
251k-275k 36 61 13 0.3 3.5
276k-300k 64 82 18 0.2 4.7
301k-325k 39 83 18 0.4 2.8
326k-350k 72 117 23 0.3 3.7
351k-375k 51 85 15 0.3 3.6
376k-400k 73 114 27 0.3 3.8
401k-425k 50 71 11 0.2 4.2
426k-450k 64 77 13 0.2 5
451k-475k 33 54 9 0.3 3.7
476k-500k 46 65 10 0.2 4.2
501k-550k 62 93 13 0.3 4
551k-600k 58 64 11 0.2 5.4
601k-650k 37 67 23 0.3 3.3
651k-700k 42 44 11 0.2 5.7
701k-750k 21 44 6 0.3 2.9
751k-800k 31 42 13 0.2 4.4
801k-850k 24 25 4 0.2 5.8
851k-900k 28 30 7 0.2 5.6
901k-950k 16 8 4 0.1 12
951k-1m 23 19 1 0.1 7.3
1m-1.1m 15 18 6 0.2 5
1.1m-1.2m 25 15 3 0.1 10
1.2m-1.3m 24 17 1 0.1 8.5
1.3m-1.4m 16 16 3 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 5 7 0.2 4.3
1.7m-1.8m 6 6 2 0.2 6
1.8m-1.9m 7 3 1 0.1 14
1.9m-2m 5 5 2 0.2 6
2m-2.25m 11 7 1 0.1 9.4
2.25m-2.5m 6 6 1 0.2 6
2.5m-2.75m 6 8 1 0.2 4.5
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 2 1 0.1 12
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 4 3 2 0.1 8
276k-300k 2 4 0.3 3
301k-325k 5 0.8 0
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 4 0.7 1.5
426k-450k 2 3 1 0.3 4
451k-475k 2 2 0.2 6
476k-500k 5 2 1 0.1 15
501k-550k 4 4 0.2 6
551k-600k 11 1 0 66
601k-650k 7 9 3 0.2 4.7
651k-700k 7 18 3 0.4 2.3
701k-750k 11 9 1 0.1 7.3
751k-800k 16 5 2 0.1 19.2
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 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 10 3 0.3 3
76k-100k 31 38 10 0.2 4.9
101k-125k 38 40 8 0.2 5.7
126k-150k 67 54 12 0.1 7.4
151k-175k 68 38 5 0.1 10.7
176k-200k 46 36 6 0.1 7.7
201k-225k 50 24 4 0.1 12.5
226k-250k 56 28 6 0.1 12
251k-275k 29 16 1 0.1 10.9
276k-300k 19 13 1 0.1 8.8
301k-325k 22 12 2 0.1 11
326k-350k 24 13 3 0.1 11.1
351k-375k 22 10 2 0.1 13.2
376k-400k 23 9 0.1 15.3
401k-425k 15 11 3 0.1 8.2
426k-450k 25 8 0.1 18.8
451k-475k 14 5 1 0.1 16.8
476k-500k 16 9 0.1 10.7
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 1 0.1 7.5
701k-750k 4 6 0.3 4
751k-800k 4 6 1 0.3 4
801k-850k 3 5 1 0.3 3.6
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 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 7 5 1 0.1 8.4
1.6m-1.7m 4 4 1 0.2 6
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 5 1 0 30
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 1 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 3 1 0.1 18
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 3 8 0.4 2.3
226k-250k 6 5 1 0.1 7.2
251k-275k 5 2 0.1 15
276k-300k 7 3 1 0.1 14
301k-325k 3 2 0.5 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 4 0
451k-475k 1 0
476k-500k 2 0
501k-550k 2 2 1 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 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 3 0
1.8m-1.9m 4 1 1 0 24
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