Absorption Report

St. Petersburg, FL

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 4 0.7 1.5
176k-200k 9 21 4 0.4 2.6
201k-225k 16 26 7 0.3 3.7
226k-250k 42 41 10 0.2 6.1
251k-275k 35 53 15 0.3 4
276k-300k 68 78 16 0.2 5.2
301k-325k 45 82 8 0.3 3.3
326k-350k 71 120 11 0.3 3.6
351k-375k 55 93 7 0.3 3.5
376k-400k 88 106 19 0.2 5
401k-425k 45 75 8 0.3 3.6
426k-450k 63 91 13 0.2 4.2
451k-475k 44 55 7 0.2 4.8
476k-500k 47 75 11 0.3 3.8
501k-550k 74 95 15 0.2 4.7
551k-600k 58 69 4 0.2 5
601k-650k 36 56 8 0.3 3.9
651k-700k 41 42 6 0.2 5.9
701k-750k 15 42 13 0.5 2.1
751k-800k 35 34 11 0.2 6.2
801k-850k 21 27 4 0.2 4.7
851k-900k 34 29 5 0.1 7
901k-950k 24 6 2 0 24
951k-1m 21 20 6 0.2 6.3
1m-1.1m 21 16 2 0.1 7.9
1.1m-1.2m 18 18 2 0.2 6
1.2m-1.3m 22 20 2 0.2 6.6
1.3m-1.4m 14 18 2 0.2 4.7
1.4m-1.5m 9 12 1 0.2 4.5
1.5m-1.6m 12 11 5 0.2 6.5
1.6m-1.7m 4 9 1 0.4 2.7
1.7m-1.8m 8 5 2 0.1 9.6
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 3 7 0.4 2.6
2m-2.25m 10 10 0.2 6
2.25m-2.5m 8 6 1 0.1 8
2.5m-2.75m 8 7 0.1 6.9
2.75m-3m 5 4 3 0.1 7.5
3m-3.5m 6 2 1 0.1 18
3.5m-4m 7 4 0.1 10.5
4m-4.5m 2 0
4.5m-5m 5 0
5.01m-6m 6 3 1 0.1 12
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

Townhouses 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 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 1 2 0.3 3
201k-225k 2 0
226k-250k 1 0
251k-275k 5 1 0 30
276k-300k 4 4 0.2 6
301k-325k 1 5 0.8 1.2
326k-350k 2 0
351k-375k 3 5 1 0.3 3.6
376k-400k 1 6 1 1
401k-425k 6 1 0
426k-450k 3 5 1 0.3 3.6
451k-475k 1 3 0.5 2
476k-500k 4 1 0 24
501k-550k 6 5 0.1 7.2
551k-600k 7 3 1 0.1 14
601k-650k 8 8 2 0.2 6
651k-700k 7 17 4 0.4 2.5
701k-750k 9 10 1 0.2 5.4
751k-800k 14 3 0 28
801k-850k 7 8 2 0.2 5.3
851k-900k 6 7 0.2 5.1
901k-950k 3 4 0.2 4.5
951k-1m 1 6 1 1
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0

Condos 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
26k-50k 2 0.3 0
51k-75k 6 9 4 0.3 4
76k-100k 25 34 7 0.2 4.4
101k-125k 45 44 6 0.2 6.1
126k-150k 56 53 11 0.2 6.3
151k-175k 75 45 5 0.1 10
176k-200k 46 34 6 0.1 8.1
201k-225k 54 22 5 0.1 14.7
226k-250k 47 27 6 0.1 10.4
251k-275k 32 20 3 0.1 9.6
276k-300k 18 14 2 0.1 7.7
301k-325k 21 14 2 0.1 9
326k-350k 25 17 3 0.1 8.8
351k-375k 17 9 2 0.1 11.3
376k-400k 32 11 4 0.1 17.5
401k-425k 12 11 0.2 6.5
426k-450k 27 11 1 0.1 14.7
451k-475k 10 4 1 0.1 15
476k-500k 14 11 0.1 7.6
501k-550k 23 17 4 0.1 8.1
551k-600k 10 10 2 0.2 6
601k-650k 9 8 3 0.1 6.8
651k-700k 10 11 1 0.2 5.5
701k-750k 6 7 0.2 5.1
751k-800k 2 7 0.6 1.7
801k-850k 7 4 0.1 10.5
851k-900k 7 2 0 21
901k-950k 3 8 2 0.4 2.3
951k-1m 10 4 0.1 15
1m-1.1m 4 7 2 0.3 3.4
1.1m-1.2m 8 9 4 0.2 5.3
1.2m-1.3m 6 7 0.2 5.1
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 7 1 0.6 1.7
1.5m-1.6m 6 6 2 0.2 6
1.6m-1.7m 6 3 1 0.1 12
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 1 0 30
1.9m-2m 1 2 0.3 3
2m-2.25m 9 3 0.1 18
2.25m-2.5m 2 3 1 0.3 4
2.5m-2.75m 2 2 0.2 6
2.75m-3m 7 1 0 42
3m-3.5m 9 0
3.5m-4m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0.2 0
8.01m-9m 1 0

Land 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
1k-25k 1 0
51k-75k 1 0
76k-100k 4 7 2 0.3 3.4
101k-125k 4 1 0 24
126k-150k 7 4 2 0.1 10.5
151k-175k 2 1 0.1 12
176k-200k 3 3 0.2 6
201k-225k 3 10 5 0.6 1.8
226k-250k 6 5 0.1 7.2
251k-275k 4 2 1 0.1 12
276k-300k 8 2 0 24
301k-325k 1 0.2 0
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 2 1 1 0.1 12
401k-425k 3 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 3 1 0.1 18
601k-650k 2 2 1 0.2 6
651k-700k 1 0
701k-750k 2 0
751k-800k 1 2 1 0.3 3
801k-850k 2 3 0.3 4
851k-900k 1 1 1 0.2 6
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 2 1 0.3 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 2 0
1.9m-2m 4 0
2m-2.25m 2 0
2.5m-2.75m 3 0
2.75m-3m 2 0
5.01m-6m 2 0