Absorption Report

St. Petersburg, FL, House

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 6 2 0.5 2
151k-175k 7 12 3 0.3 3.5
176k-200k 9 23 6 0.4 2.3
201k-225k 18 29 10 0.3 3.7
226k-250k 46 44 10 0.2 6.3
251k-275k 38 51 10 0.2 4.5
276k-300k 67 83 16 0.2 4.8
301k-325k 43 81 11 0.3 3.2
326k-350k 71 125 18 0.3 3.4
351k-375k 61 96 15 0.3 3.8
376k-400k 82 111 25 0.2 4.4
401k-425k 51 71 6 0.2 4.3
426k-450k 55 79 8 0.2 4.2
451k-475k 34 51 5 0.3 4
476k-500k 52 73 14 0.2 4.3
501k-550k 70 97 19 0.2 4.3
551k-600k 67 68 8 0.2 5.9
601k-650k 36 58 15 0.3 3.7
651k-700k 43 45 9 0.2 5.7
701k-750k 19 42 5 0.4 2.7
751k-800k 38 39 12 0.2 5.8
801k-850k 24 27 4 0.2 5.3
851k-900k 36 29 5 0.1 7.4
901k-950k 22 7 4 0.1 18.9
951k-1m 20 19 5 0.2 6.3
1m-1.1m 19 17 3 0.1 6.7
1.1m-1.2m 19 18 2 0.2 6.3
1.2m-1.3m 25 20 4 0.1 7.5
1.3m-1.4m 14 19 3 0.2 4.4
1.4m-1.5m 13 12 1 0.2 6.5
1.5m-1.6m 12 11 1 0.2 6.5
1.6m-1.7m 5 8 1 0.3 3.8
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 8 3 0.1 16
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 10 11 1 0.2 5.5
2.25m-2.5m 8 7 2 0.1 6.9
2.5m-2.75m 6 7 0.2 5.1
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 7 2 0 21
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