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 6 2 0.5 2
151k-175k 3 12 4 0.7 1.5
176k-200k 6 23 5 0.6 1.6
201k-225k 23 26 7 0.2 5.3
226k-250k 44 40 10 0.2 6.6
251k-275k 30 51 12 0.3 3.5
276k-300k 65 79 14 0.2 4.9
301k-325k 46 81 9 0.3 3.4
326k-350k 74 124 18 0.3 3.6
351k-375k 51 98 8 0.3 3.1
376k-400k 95 107 19 0.2 5.3
401k-425k 39 83 13 0.4 2.8
426k-450k 65 93 11 0.2 4.2
451k-475k 46 60 8 0.2 4.6
476k-500k 54 79 13 0.2 4.1
501k-550k 67 97 12 0.2 4.1
551k-600k 60 75 2 0.2 4.8
601k-650k 34 59 7 0.3 3.5
651k-700k 38 47 7 0.2 4.9
701k-750k 21 41 12 0.3 3.1
751k-800k 33 34 8 0.2 5.8
801k-850k 19 31 4 0.3 3.7
851k-900k 37 30 5 0.1 7.4
901k-950k 29 7 2 0 24.9
951k-1m 20 19 4 0.2 6.3
1m-1.1m 20 18 3 0.2 6.7
1.1m-1.2m 25 21 4 0.1 7.1
1.2m-1.3m 22 20 1 0.2 6.6
1.3m-1.4m 17 20 3 0.2 5.1
1.4m-1.5m 8 12 1 0.3 4
1.5m-1.6m 12 14 6 0.2 5.1
1.6m-1.7m 3 11 1 0.6 1.6
1.7m-1.8m 8 5 3 0.1 9.6
1.8m-1.9m 7 5 0.1 8.4
1.9m-2m 4 7 0.3 3.4
2m-2.25m 7 10 2 0.2 4.2
2.25m-2.5m 9 5 0.1 10.8
2.5m-2.75m 10 8 1 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 8 3 1 0.1 16
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