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
126k-150k 2 7 3 0.6 1.7
151k-175k 8 11 3 0.2 4.4
176k-200k 11 26 6 0.4 2.5
201k-225k 20 29 7 0.2 4.1
226k-250k 49 45 10 0.2 6.5
251k-275k 39 54 10 0.2 4.3
276k-300k 68 88 18 0.2 4.6
301k-325k 40 76 11 0.3 3.2
326k-350k 71 118 16 0.3 3.6
351k-375k 60 92 14 0.3 3.9
376k-400k 79 108 21 0.2 4.4
401k-425k 50 71 9 0.2 4.2
426k-450k 57 81 10 0.2 4.2
451k-475k 34 50 6 0.2 4.1
476k-500k 49 70 10 0.2 4.2
501k-550k 68 95 13 0.2 4.3
551k-600k 63 65 8 0.2 5.8
601k-650k 34 63 18 0.3 3.2
651k-700k 43 41 8 0.2 6.3
701k-750k 19 43 6 0.4 2.7
751k-800k 36 41 13 0.2 5.3
801k-850k 25 28 4 0.2 5.4
851k-900k 29 30 5 0.2 5.8
901k-950k 20 7 3 0.1 17.1
951k-1m 21 19 3 0.2 6.6
1m-1.1m 16 16 3 0.2 6
1.1m-1.2m 16 15 3 0.2 6.4
1.2m-1.3m 26 18 2 0.1 8.7
1.3m-1.4m 17 18 2 0.2 5.7
1.4m-1.5m 13 12 1 0.2 6.5
1.5m-1.6m 11 12 1 0.2 5.5
1.6m-1.7m 5 7 0.2 4.3
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 7 2 0 21
1.9m-2m 5 8 2 0.3 3.8
2m-2.25m 9 11 1 0.2 4.9
2.25m-2.5m 5 7 2 0.2 4.3
2.5m-2.75m 6 7 0.2 5.1
2.75m-3m 6 4 1 0.1 9
3m-3.5m 7 3 1 0.1 14
3.5m-4m 7 3 0.1 14
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 6 3 0.1 12
6.01m-7m 5 2 1 0.1 15
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 1 0.1 12
176k-200k 1 2 0.3 3
201k-225k 2 0
226k-250k 1 0
251k-275k 4 2 1 0.1 12
276k-300k 3 4 0.2 4.5
301k-325k 1 5 0.8 1.2
326k-350k 2 2 2 0.2 6
351k-375k 2 4 0.3 3
376k-400k 2 6 2 0.5 2
401k-425k 6 1 0
426k-450k 2 6 1 0.5 2
451k-475k 3 2 0.1 9
476k-500k 3 2 1 0.1 9
501k-550k 5 4 0.1 7.5
551k-600k 10 1 0 60
601k-650k 7 8 2 0.2 5.3
651k-700k 7 18 5 0.4 2.3
701k-750k 12 10 1 0.1 7.2
751k-800k 12 4 1 0.1 18
801k-850k 6 9 3 0.3 4
851k-900k 5 8 1 0.3 3.8
901k-950k 2 7 3 0.6 1.7
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 0.2 0
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

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 9 2 0.3 3.3
76k-100k 24 36 10 0.3 4
101k-125k 40 41 5 0.2 5.9
126k-150k 61 53 13 0.1 6.9
151k-175k 72 44 4 0.1 9.8
176k-200k 46 35 4 0.1 7.9
201k-225k 53 24 3 0.1 13.3
226k-250k 60 27 5 0.1 13.3
251k-275k 28 18 3 0.1 9.3
276k-300k 20 12 0.1 10
301k-325k 22 13 2 0.1 10.2
326k-350k 23 13 2 0.1 10.6
351k-375k 21 10 3 0.1 12.6
376k-400k 27 9 1 0.1 18
401k-425k 15 9 1 0.1 10
426k-450k 26 9 1 0.1 17.3
451k-475k 13 5 1 0.1 15.6
476k-500k 14 9 0.1 9.3
501k-550k 22 16 3 0.1 8.3
551k-600k 6 10 1 0.3 3.6
601k-650k 11 9 1 0.1 7.3
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 6 0.3 4
801k-850k 4 5 1 0.2 4.8
851k-900k 8 2 0 24
901k-950k 6 6 1 0.2 6
951k-1m 11 4 0.1 16.5
1m-1.1m 4 7 2 0.3 3.4
1.1m-1.2m 6 11 3 0.3 3.3
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 6 6 1 0.2 6
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 4 0
1.8m-1.9m 5 1 0 30
1.9m-2m 2 3 1 0.3 4
2m-2.25m 7 2 0 21
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 6 1 0 36
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 2 0.7 1.5
101k-125k 4 1 0 24
126k-150k 7 4 2 0.1 10.5
151k-175k 2 2 1 0.2 6
176k-200k 5 1 0 30
201k-225k 5 9 0.3 3.3
226k-250k 7 4 0.1 10.5
251k-275k 3 2 0.1 9
276k-300k 10 2 0 30
301k-325k 2 1 0.3 0
326k-350k 5 1 0 30
351k-375k 1 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 3 0
451k-475k 2 0
476k-500k 2 0
501k-550k 3 2 1 0.1 9
551k-600k 2 1 0.1 12
601k-650k 2 2 1 0.2 6
651k-700k 2 0
701k-750k 2 0
751k-800k 1 3 2 0.5 2
801k-850k 2 2 0.2 6
851k-900k 5 1 1 0 30
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
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 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 3 0
1.8m-1.9m 2 0
1.9m-2m 2 0
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 3 0