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
126k-150k 2 8 4 0.7 1.5
151k-175k 3 13 5 0.7 1.4
176k-200k 8 22 5 0.5 2.2
201k-225k 20 27 8 0.2 4.4
226k-250k 46 41 11 0.1 6.7
251k-275k 33 55 17 0.3 3.6
276k-300k 68 82 16 0.2 5
301k-325k 46 81 8 0.3 3.4
326k-350k 72 125 17 0.3 3.5
351k-375k 53 101 11 0.3 3.1
376k-400k 92 110 19 0.2 5
401k-425k 40 82 12 0.3 2.9
426k-450k 64 95 12 0.2 4
451k-475k 46 61 8 0.2 4.5
476k-500k 54 79 13 0.2 4.1
501k-550k 70 100 15 0.2 4.2
551k-600k 58 75 3 0.2 4.6
601k-650k 35 61 9 0.3 3.4
651k-700k 40 48 7 0.2 5
701k-750k 21 43 14 0.3 2.9
751k-800k 32 38 12 0.2 5.1
801k-850k 23 31 4 0.2 4.5
851k-900k 32 30 5 0.2 6.4
901k-950k 32 7 2 0 27.4
951k-1m 21 20 5 0.2 6.3
1m-1.1m 21 18 3 0.1 7
1.1m-1.2m 25 21 4 0.1 7.1
1.2m-1.3m 21 21 2 0.2 6
1.3m-1.4m 15 20 3 0.2 4.5
1.4m-1.5m 10 12 1 0.2 5
1.5m-1.6m 12 14 6 0.2 5.1
1.6m-1.7m 5 11 1 0.4 2.7
1.7m-1.8m 8 5 3 0.1 9.6
1.8m-1.9m 8 5 0.1 9.6
1.9m-2m 4 7 0.3 3.4
2m-2.25m 9 10 2 0.2 5.4
2.25m-2.5m 8 6 1 0.1 8
2.5m-2.75m 10 8 0.1 7.5
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 6 2 1 0.1 18
3.5m-4m 5 4 0.1 7.5
4m-4.5m 2 0
4.5m-5m 5 0
5.01m-6m 7 3 1 0.1 14
6.01m-7m 4 1 0 24
7.01m-8m 3 1 0.1 18
9.01m-10m 2 1 0.1 12
12.01m-13m 1 0