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 8 4 0.7 1.5
151k-175k 3 12 5 0.7 1.5
176k-200k 8 21 5 0.4 2.3
201k-225k 20 26 8 0.2 4.6
226k-250k 44 42 11 0.2 6.3
251k-275k 34 54 16 0.3 3.8
276k-300k 67 81 16 0.2 5
301k-325k 46 81 8 0.3 3.4
326k-350k 71 125 15 0.3 3.4
351k-375k 54 101 11 0.3 3.2
376k-400k 91 109 19 0.2 5
401k-425k 41 79 12 0.3 3.1
426k-450k 63 95 12 0.3 4
451k-475k 48 61 7 0.2 4.7
476k-500k 50 79 11 0.3 3.8
501k-550k 73 98 15 0.2 4.5
551k-600k 56 72 3 0.2 4.7
601k-650k 37 58 9 0.3 3.8
651k-700k 39 45 7 0.2 5.2
701k-750k 19 42 14 0.4 2.7
751k-800k 32 38 12 0.2 5.1
801k-850k 25 31 4 0.2 4.8
851k-900k 30 30 5 0.2 6
901k-950k 30 7 2 0 25.7
951k-1m 20 19 5 0.2 6.3
1m-1.1m 21 17 3 0.1 7.4
1.1m-1.2m 23 21 4 0.2 6.6
1.2m-1.3m 21 20 2 0.2 6.3
1.3m-1.4m 15 20 3 0.2 4.5
1.4m-1.5m 9 12 0.2 4.5
1.5m-1.6m 12 12 5 0.2 6
1.6m-1.7m 4 11 1 0.5 2.2
1.7m-1.8m 8 5 2 0.1 9.6
1.8m-1.9m 8 4 0.1 12
1.9m-2m 4 7 0.3 3.4
2m-2.25m 9 10 1 0.2 5.4
2.25m-2.5m 8 6 1 0.1 8
2.5m-2.75m 8 8 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 6 3 1 0.1 12
6.01m-7m 5 1 0 30
7.01m-8m 2 1 0.1 12
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 2 2 0.2 6
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 1 0 30
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 8 4 1 0.1 12
601k-650k 8 8 2 0.2 6
651k-700k 8 16 5 0.3 3
701k-750k 9 10 1 0.2 5.4
751k-800k 11 3 0 22
801k-850k 7 8 3 0.2 5.3
851k-900k 7 7 2 0.2 6
901k-950k 3 5 0.3 3.6
951k-1m 2 6 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 1 2 1 0.3 3
51k-75k 6 9 4 0.3 4
76k-100k 25 34 8 0.2 4.4
101k-125k 45 45 6 0.2 6
126k-150k 59 61 13 0.2 5.8
151k-175k 77 45 5 0.1 10.3
176k-200k 45 34 7 0.1 7.9
201k-225k 52 24 5 0.1 13
226k-250k 46 29 9 0.1 9.5
251k-275k 29 21 2 0.1 8.3
276k-300k 22 17 2 0.1 7.8
301k-325k 20 14 2 0.1 8.6
326k-350k 27 19 3 0.1 8.5
351k-375k 17 9 1 0.1 11.3
376k-400k 32 10 3 0.1 19.2
401k-425k 12 11 1 0.2 6.5
426k-450k 22 10 1 0.1 13.2
451k-475k 11 4 1 0.1 16.5
476k-500k 15 12 0.1 7.5
501k-550k 21 17 4 0.1 7.4
551k-600k 10 10 2 0.2 6
601k-650k 7 9 3 0.2 4.7
651k-700k 9 11 3 0.2 4.9
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 5 2 0.1 15
901k-950k 4 8 2 0.3 3
951k-1m 10 4 0.1 15
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 8 9 4 0.2 5.3
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 7 1 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 7 1 0 42
3m-3.5m 9 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 4 6 1 0.3 4
101k-125k 3 1 0.1 18
126k-150k 7 5 2 0.1 8.4
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 6 5 0.1 7.2
251k-275k 4 2 1 0.1 12
276k-300k 8 2 0 24
301k-325k 1 1 0.2 0
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 3 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 2 2 0.3 3
801k-850k 1 3 0.5 2
851k-900k 2 1 1 0.1 12
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 3 1 0.5 0
1.3m-1.4m 2 1 0.1 12
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