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 7 4 0.6 1.7
151k-175k 3 12 5 0.7 1.5
176k-200k 8 21 4 0.4 2.3
201k-225k 19 26 7 0.2 4.4
226k-250k 45 42 11 0.2 6.4
251k-275k 34 54 15 0.3 3.8
276k-300k 66 80 16 0.2 5
301k-325k 45 81 8 0.3 3.3
326k-350k 72 124 14 0.3 3.5
351k-375k 54 100 10 0.3 3.2
376k-400k 91 108 19 0.2 5.1
401k-425k 41 79 11 0.3 3.1
426k-450k 62 95 11 0.3 3.9
451k-475k 47 59 7 0.2 4.8
476k-500k 49 78 11 0.3 3.8
501k-550k 73 98 14 0.2 4.5
551k-600k 56 71 3 0.2 4.7
601k-650k 38 58 10 0.3 3.9
651k-700k 40 45 8 0.2 5.3
701k-750k 18 42 13 0.4 2.6
751k-800k 33 38 11 0.2 5.2
801k-850k 24 31 4 0.2 4.6
851k-900k 30 30 5 0.2 6
901k-950k 30 7 2 0 25.7
951k-1m 19 19 5 0.2 6
1m-1.1m 21 16 3 0.1 7.9
1.1m-1.2m 23 20 4 0.1 6.9
1.2m-1.3m 22 20 2 0.2 6.6
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 7 4 0.1 10.5
1.9m-2m 4 7 0.3 3.4
2m-2.25m 9 10 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 6 4 0.1 9
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 6 5 0.1 7.2
551k-600k 7 4 1 0.1 10.5
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 13 3 0 26
801k-850k 6 8 3 0.2 4.5
851k-900k 7 7 1 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 0.2 0
1.3m-1.4m 1 2 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 7 0.2 4.4
101k-125k 43 45 6 0.2 5.7
126k-150k 59 60 13 0.2 5.9
151k-175k 77 45 5 0.1 10.3
176k-200k 45 34 6 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 16 2 0.1 8.3
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 11 0.1 8.2
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 6 8 0.2 4.5
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 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 3 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 2 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