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
76k-100k 1 1 0.2 0
126k-150k 2 6 4 0.5 2
151k-175k 5 12 5 0.4 2.5
176k-200k 9 21 4 0.4 2.6
201k-225k 22 28 9 0.2 4.7
226k-250k 41 42 10 0.2 5.9
251k-275k 38 51 12 0.2 4.5
276k-300k 71 82 17 0.2 5.2
301k-325k 42 81 11 0.3 3.1
326k-350k 68 123 18 0.3 3.3
351k-375k 59 94 10 0.3 3.8
376k-400k 84 109 24 0.2 4.6
401k-425k 51 74 6 0.2 4.1
426k-450k 65 86 12 0.2 4.5
451k-475k 34 53 5 0.3 3.8
476k-500k 49 72 14 0.2 4.1
501k-550k 76 95 17 0.2 4.8
551k-600k 60 66 4 0.2 5.5
601k-650k 33 58 14 0.3 3.4
651k-700k 44 43 8 0.2 6.1
701k-750k 17 41 7 0.4 2.5
751k-800k 38 36 13 0.2 6.3
801k-850k 21 29 2 0.2 4.3
851k-900k 32 28 6 0.1 6.9
901k-950k 23 5 2 0 27.6
951k-1m 19 19 4 0.2 6
1m-1.1m 20 16 2 0.1 7.5
1.1m-1.2m 18 17 2 0.2 6.4
1.2m-1.3m 21 20 2 0.2 6.3
1.3m-1.4m 14 18 1 0.2 4.7
1.4m-1.5m 12 12 1 0.2 6
1.5m-1.6m 11 11 4 0.2 6
1.6m-1.7m 4 9 1 0.4 2.7
1.7m-1.8m 7 5 1 0.1 8.4
1.8m-1.9m 6 3 0.1 12
1.9m-2m 4 7 1 0.3 3.4
2m-2.25m 10 10 0.2 6
2.25m-2.5m 6 7 2 0.2 5.1
2.5m-2.75m 6 7 0.2 5.1
2.75m-3m 5 4 3 0.1 7.5
3m-3.5m 6 2 0.1 18
3.5m-4m 7 4 0.1 10.5
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 6 3 1 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

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 2 8 2 0.7 1.5
401k-425k 6 1 0
426k-450k 2 5 1 0.4 2.4
451k-475k 2 2 0.2 6
476k-500k 4 2 1 0.1 12
501k-550k 6 4 0.1 9
551k-600k 9 2 1 0 27
601k-650k 8 8 3 0.2 6
651k-700k 8 18 5 0.4 2.7
701k-750k 9 10 1 0.2 5.4
751k-800k 12 3 0 24
801k-850k 7 8 3 0.2 5.3
851k-900k 6 8 1 0.2 4.5
901k-950k 2 7 3 0.6 1.7
951k-1m 6 1 0
1m-1.1m 3 4 1 0.2 4.5
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 4 9 4 0.4 2.7
76k-100k 24 36 8 0.3 4
101k-125k 45 43 4 0.2 6.3
126k-150k 63 51 13 0.1 7.4
151k-175k 73 45 6 0.1 9.7
176k-200k 47 34 6 0.1 8.3
201k-225k 46 23 6 0.1 12
226k-250k 53 25 7 0.1 12.7
251k-275k 31 19 3 0.1 9.8
276k-300k 21 14 2 0.1 9
301k-325k 22 15 3 0.1 8.8
326k-350k 25 15 4 0.1 10
351k-375k 20 9 2 0.1 13.3
376k-400k 29 11 3 0.1 15.8
401k-425k 12 11 1 0.2 6.5
426k-450k 26 11 1 0.1 14.2
451k-475k 10 5 2 0.1 12
476k-500k 15 11 0.1 8.2
501k-550k 23 17 4 0.1 8.1
551k-600k 9 11 3 0.2 4.9
601k-650k 11 8 3 0.1 8.3
651k-700k 11 11 1 0.2 6
701k-750k 6 6 0.2 6
751k-800k 4 6 0.3 4
801k-850k 5 4 0.1 7.5
851k-900k 7 2 0 21
901k-950k 5 7 2 0.2 4.3
951k-1m 12 4 0.1 18
1m-1.1m 3 7 1 0.4 2.6
1.1m-1.2m 7 10 4 0.2 4.2
1.2m-1.3m 7 7 0.2 6
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 7 1 0.4 2.6
1.5m-1.6m 6 7 3 0.2 5.1
1.6m-1.7m 5 4 2 0.1 7.5
1.7m-1.8m 3 0
1.8m-1.9m 5 1 0 30
1.9m-2m 2 2 0.2 6
2m-2.25m 8 2 0 24
2.25m-2.5m 2 3 1 0.3 4
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 7 1 0 42
3m-3.5m 8 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 3 8 3 0.4 2.3
101k-125k 4 1 0 24
126k-150k 8 5 3 0.1 9.6
151k-175k 2 2 1 0.2 6
176k-200k 3 3 0.2 6
201k-225k 4 9 1 0.4 2.7
226k-250k 6 4 0.1 9
251k-275k 2 2 0.2 6
276k-300k 10 2 0 30
301k-325k 2 1 0.3 0
326k-350k 5 1 0 30
351k-375k 2 1 1 0.1 12
376k-400k 3 1 0.1 18
401k-425k 2 0
426k-450k 3 0
451k-475k 2 0
476k-500k 2 0
501k-550k 2 2 1 0.2 6
551k-600k 3 1 0.1 18
601k-650k 3 2 1 0.1 9
651k-700k 1 0
701k-750k 2 0
751k-800k 1 2 1 0.3 3
801k-850k 3 2 0.1 9
851k-900k 2 1 1 0.1 12
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 3 2 0.5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 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
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 2 0