Absorption Report

St. Petersburg

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 Since 12/31 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 0.2 0
176k-200k 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 3 3 0.2 6
251k-275k 2 11 2 0.9 1.1
276k-300k 17 31 2 0.3 3.3
301k-325k 53 83 10 0.3 3.8
326k-350k 83 157 14 0.3 3.2
351k-375k 82 155 22 0.3 3.2
376k-400k 109 199 28 0.3 3.3
401k-425k 88 105 8 0.2 5
426k-450k 86 77 13 0.1 6.7
451k-475k 42 61 10 0.2 4.1
476k-500k 59 53 5 0.1 6.7
501k-550k 77 79 7 0.2 5.8
551k-600k 48 45 5 0.2 6.4
601k-650k 42 29 3 0.1 8.7
651k-700k 53 21 5 0.1 15.1
701k-750k 46 22 0.1 12.5
751k-800k 46 5 0 55.2
801k-850k 24 6 2 0 24
851k-900k 15 3 0 30
901k-950k 10 2 0 30
951k-1m 18 1 0 108
1m-1.1m 13 2 0 39
1.1m-1.2m 12 2 1 0 36
1.2m-1.3m 9 1 0 54
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 8 1.3 0.8
1.5m-1.6m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 1 0.2 6

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
226k-250k 8 5 2 0.1 9.6
251k-275k 21 38 13 0.3 3.3
276k-300k 68 80 8 0.2 5.1
301k-325k 45 108 19 0.4 2.5
326k-350k 46 43 2 0.2 6.4
351k-375k 19 44 6 0.4 2.6
376k-400k 19 25 1 0.2 4.6
401k-425k 21 16 1 0.1 7.9
426k-450k 29 10 3 0.1 17.4
451k-475k 23 8 0.1 17.3
476k-500k 15 10 1 0.1 9
501k-550k 47 15 1 0.1 18.8
551k-600k 18 6 0.1 18
601k-650k 3 1 0.1 18
651k-700k 2 0
701k-750k 2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 2 0
176k-200k 7 7 3 0.2 6
201k-225k 18 11 3 0.1 9.8
226k-250k 55 26 2 0.1 12.7
251k-275k 19 8 2 0.1 14.3
276k-300k 14 4 0 21
301k-325k 8 3 0.1 16
326k-350k 6 0
351k-375k 12 1 0 72
376k-400k 16 3 1 0 32
401k-425k 5 1 0 30
426k-450k 1 0
451k-475k 2 0
476k-500k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 6
26k-50k 5 4 2 0.1 7.5
51k-75k 1 4 2 0.7 1.5
76k-100k 5 0
101k-125k 7 0
126k-150k 2 1 1 0.1 12
151k-175k 1 0
176k-200k 3 1 0.1 18
226k-250k 2 1 0.1 12
251k-275k 2 0
276k-300k 5 0
326k-350k 5 1 0 30
376k-400k 1 0
476k-500k 2 0
551k-600k 4 0
601k-650k 1 0
651k-700k 2 0
701k-750k 3 0
751k-800k 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0