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
101k-125k 1 0
126k-150k 2 6 3 0.5 2
151k-175k 3 12 4 0.7 1.5
176k-200k 6 21 3 0.6 1.7
201k-225k 21 26 9 0.2 4.8
226k-250k 39 41 12 0.2 5.7
251k-275k 30 51 12 0.3 3.5
276k-300k 61 83 15 0.2 4.4
301k-325k 44 83 10 0.3 3.2
326k-350k 71 126 19 0.3 3.4
351k-375k 53 99 9 0.3 3.2
376k-400k 94 111 22 0.2 5.1
401k-425k 40 86 15 0.4 2.8
426k-450k 61 94 12 0.3 3.9
451k-475k 47 63 9 0.2 4.5
476k-500k 50 77 14 0.3 3.9
501k-550k 64 99 15 0.3 3.9
551k-600k 56 77 4 0.2 4.4
601k-650k 31 59 8 0.3 3.2
651k-700k 38 46 7 0.2 5
701k-750k 22 41 13 0.3 3.2
751k-800k 33 35 9 0.2 5.7
801k-850k 19 31 4 0.3 3.7
851k-900k 37 31 6 0.1 7.2
901k-950k 24 7 1 0 20.6
951k-1m 18 21 7 0.2 5.1
1m-1.1m 19 18 4 0.2 6.3
1.1m-1.2m 24 21 4 0.1 6.9
1.2m-1.3m 23 19 1 0.1 7.3
1.3m-1.4m 17 21 3 0.2 4.9
1.4m-1.5m 7 12 1 0.3 3.5
1.5m-1.6m 13 14 6 0.2 5.6
1.6m-1.7m 2 11 1 0.9 1.1
1.7m-1.8m 9 6 3 0.1 9
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 8 10 2 0.2 4.8
2.25m-2.5m 9 5 0.1 10.8
2.5m-2.75m 8 9 1 0.2 5.3
2.75m-3m 5 3 1 0.1 10
3m-3.5m 6 2 1 0.1 18
3.5m-4m 4 4 0.2 6
4m-4.5m 2 0
4.5m-5m 4 0
5.01m-6m 7 3 2 0.1 14
6.01m-7m 4 1 0 24
7.01m-8m 3 1 0.1 18
9.01m-10m 1 0.2 0
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 3 1 0.1 18
176k-200k 3 2 0.1 9
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 2 0.1 15
276k-300k 6 4 0.1 9
301k-325k 1 5 2 0.8 1.2
326k-350k 1 0
351k-375k 6 5 1 0.1 7.2
376k-400k 2 6 0.5 2
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 4 5 0.2 4.8
551k-600k 8 4 1 0.1 12
601k-650k 8 8 2 0.2 6
651k-700k 8 14 3 0.3 3.4
701k-750k 9 10 2 0.2 5.4
751k-800k 12 3 0 24
801k-850k 5 8 4 0.3 3.8
851k-900k 7 7 2 0.2 6
901k-950k 3 5 0.3 3.6
951k-1m 2 6 1 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 2 1 0.3 0
51k-75k 6 8 3 0.2 4.5
76k-100k 28 31 7 0.2 5.4
101k-125k 46 43 4 0.2 6.4
126k-150k 60 60 11 0.2 6
151k-175k 77 46 5 0.1 10
176k-200k 49 34 7 0.1 8.6
201k-225k 45 26 5 0.1 10.4
226k-250k 41 27 9 0.1 9.1
251k-275k 30 20 3 0.1 9
276k-300k 23 17 2 0.1 8.1
301k-325k 21 14 2 0.1 9
326k-350k 28 19 2 0.1 8.8
351k-375k 16 9 2 0.1 10.7
376k-400k 30 11 3 0.1 16.4
401k-425k 11 11 1 0.2 6
426k-450k 21 11 1 0.1 11.5
451k-475k 12 4 1 0.1 18
476k-500k 14 13 0.2 6.5
501k-550k 21 16 4 0.1 7.9
551k-600k 12 10 3 0.1 7.2
601k-650k 7 10 6 0.2 4.2
651k-700k 10 11 3 0.2 5.5
701k-750k 7 7 0.2 6
751k-800k 2 7 0.6 1.7
801k-850k 7 4 0.1 10.5
851k-900k 6 2 0.1 18
901k-950k 4 7 1 0.3 3.4
951k-1m 10 4 0.1 15
1m-1.1m 5 7 1 0.2 4.3
1.1m-1.2m 9 9 3 0.2 6
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 7 2 1.2 0.9
1.5m-1.6m 8 6 3 0.1 8
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 1 0.1 20
2.25m-2.5m 3 4 2 0.2 4.5
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 1 0 36
3m-3.5m 9 0
3.5m-4m 2 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 5 6 1 0.2 5
101k-125k 3 2 0.1 9
126k-150k 6 4 1 0.1 9
151k-175k 3 1 0.1 18
176k-200k 2 4 0.3 3
201k-225k 2 9 4 0.8 1.3
226k-250k 5 5 1 0.2 6
251k-275k 3 2 1 0.1 9
276k-300k 7 2 0 21
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 6 0
476k-500k 3 0
501k-550k 1 1 0.2 6
551k-600k 2 1 0.1 12
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 1 1 1 0.2 6
801k-850k 2 3 0.3 4
851k-900k 2 0
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