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 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 17 26 7 0.3 3.9
226k-250k 47 41 10 0.1 6.9
251k-275k 34 54 15 0.3 3.8
276k-300k 66 79 15 0.2 5
301k-325k 45 81 7 0.3 3.3
326k-350k 72 120 13 0.3 3.6
351k-375k 54 95 7 0.3 3.4
376k-400k 92 105 19 0.2 5.3
401k-425k 42 76 9 0.3 3.3
426k-450k 61 92 11 0.3 4
451k-475k 48 56 7 0.2 5.1
476k-500k 49 75 10 0.3 3.9
501k-550k 73 94 13 0.2 4.7
551k-600k 57 69 3 0.2 5
601k-650k 37 56 8 0.3 4
651k-700k 41 42 6 0.2 5.9
701k-750k 17 42 12 0.4 2.4
751k-800k 33 36 11 0.2 5.5
801k-850k 25 29 4 0.2 5.2
851k-900k 31 29 5 0.2 6.4
901k-950k 32 6 2 0 32
951k-1m 21 19 5 0.2 6.6
1m-1.1m 23 16 3 0.1 8.6
1.1m-1.2m 24 18 3 0.1 8
1.2m-1.3m 22 21 2 0.2 6.3
1.3m-1.4m 15 18 2 0.2 5
1.4m-1.5m 10 11 0.2 5.5
1.5m-1.6m 12 11 5 0.2 6.5
1.6m-1.7m 5 10 1 0.3 3
1.7m-1.8m 8 5 2 0.1 9.6
1.8m-1.9m 8 5 0.1 9.6
1.9m-2m 3 7 0.4 2.6
2m-2.25m 9 10 0.2 5.4
2.25m-2.5m 8 6 1 0.1 8
2.5m-2.75m 10 7 0.1 8.6
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 7 3 1 0.1 14
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