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 4 0.2 4.4
176k-200k 10 27 7 0.5 2.2
201k-225k 18 30 8 0.3 3.6
226k-250k 48 45 10 0.2 6.4
251k-275k 39 55 11 0.2 4.3
276k-300k 63 89 19 0.2 4.2
301k-325k 41 78 13 0.3 3.2
326k-350k 71 118 16 0.3 3.6
351k-375k 56 91 14 0.3 3.7
376k-400k 73 109 22 0.2 4
401k-425k 50 71 10 0.2 4.2
426k-450k 57 79 11 0.2 4.3
451k-475k 33 52 8 0.3 3.8
476k-500k 48 70 12 0.2 4.1
501k-550k 66 95 13 0.2 4.2
551k-600k 63 68 11 0.2 5.6
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 35 42 14 0.2 5
801k-850k 25 28 4 0.2 5.4
851k-900k 30 31 6 0.2 5.8
901k-950k 19 7 3 0.1 16.3
951k-1m 21 19 3 0.2 6.6
1m-1.1m 16 16 3 0.2 6
1.1m-1.2m 17 15 3 0.1 6.8
1.2m-1.3m 25 18 2 0.1 8.3
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 10 12 1 0.2 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 6 2 0.1 18
1.9m-2m 5 8 2 0.3 3.8
2m-2.25m 10 11 1 0.2 5.5
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 6 8 1 0.2 4.5
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 7 3 0.1 14
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 5 0.8 0
426k-450k 2 5 1 0.4 2.4
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 4 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 6 9 2 0.3 4
76k-100k 24 35 10 0.2 4.1
101k-125k 40 42 6 0.2 5.7
126k-150k 63 53 13 0.1 7.1
151k-175k 71 42 4 0.1 10.1
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 21 13 1 0.1 9.7
301k-325k 21 13 2 0.1 9.7
326k-350k 23 14 3 0.1 9.9
351k-375k 22 10 3 0.1 13.2
376k-400k 24 9 1 0.1 16
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 10 9 1 0.2 6.7
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 7 1 0.3 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 9 4 0.1 13.5
1m-1.1m 3 7 2 0.4 2.6
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 1 1 0 24
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 8 4 2 0.1 12
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 3 1 0.1 20
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
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 2 0