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 17 26 7 0.3 3.9
226k-250k 42 41 10 0.2 6.1
251k-275k 36 52 14 0.2 4.2
276k-300k 67 79 15 0.2 5.1
301k-325k 45 82 7 0.3 3.3
326k-350k 73 120 12 0.3 3.7
351k-375k 53 95 7 0.3 3.3
376k-400k 92 105 18 0.2 5.3
401k-425k 43 76 7 0.3 3.4
426k-450k 62 94 13 0.3 4
451k-475k 47 56 6 0.2 5
476k-500k 47 75 10 0.3 3.8
501k-550k 73 94 14 0.2 4.7
551k-600k 56 69 4 0.2 4.9
601k-650k 38 56 8 0.2 4.1
651k-700k 40 41 5 0.2 5.9
701k-750k 17 41 12 0.4 2.5
751k-800k 32 36 11 0.2 5.3
801k-850k 22 29 4 0.2 4.6
851k-900k 30 30 5 0.2 6
901k-950k 30 6 2 0 30
951k-1m 20 19 5 0.2 6.3
1m-1.1m 20 16 3 0.1 7.5
1.1m-1.2m 21 18 2 0.1 7
1.2m-1.3m 23 20 2 0.1 6.9
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 4 10 1 0.4 2.4
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 9 10 0.2 5.4
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 2 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 2 2 0.2 6
201k-225k 2 0
226k-250k 1 0.2 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 16 3 0.4 2.6
701k-750k 9 10 1 0.2 5.4
751k-800k 14 3 0 28
801k-850k 6 8 2 0.2 4.5
851k-900k 7 7 0.2 6
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
3m-3.5m 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 1 2 0.3 3
51k-75k 6 9 4 0.3 4
76k-100k 26 34 7 0.2 4.6
101k-125k 43 44 6 0.2 5.9
126k-150k 56 55 11 0.2 6.1
151k-175k 75 44 4 0.1 10.2
176k-200k 43 33 5 0.1 7.8
201k-225k 53 22 5 0.1 14.5
226k-250k 46 28 6 0.1 9.9
251k-275k 31 21 2 0.1 8.9
276k-300k 19 14 2 0.1 8.1
301k-325k 21 14 2 0.1 9
326k-350k 24 17 3 0.1 8.5
351k-375k 15 9 2 0.1 10
376k-400k 33 10 3 0.1 19.8
401k-425k 12 11 0.2 6.5
426k-450k 25 10 0.1 15
451k-475k 11 4 1 0.1 16.5
476k-500k 14 11 0.1 7.6
501k-550k 22 17 4 0.1 7.8
551k-600k 10 10 2 0.2 6
601k-650k 8 8 3 0.2 6
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 6 2 0.1 18
901k-950k 3 8 2 0.4 2.3
951k-1m 10 4 0.1 15
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 8 9 4 0.2 5.3
1.2m-1.3m 6 8 0.2 4.5
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 2 2 0.2 6
2m-2.25m 10 3 0.1 20
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 6 1 0.3 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 2 3 0.3 4
201k-225k 2 10 5 0.8 1.2
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 1 0.1 12
651k-700k 1 0
701k-750k 1 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 2 1 0.1 12
1.1m-1.2m 1 0
1.2m-1.3m 3 1 0.5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.7m-1.8m 3 0
1.8m-1.9m 2 0
1.9m-2m 4 0
2m-2.25m 3 0
2.5m-2.75m 3 0
2.75m-3m 2 0
5.01m-6m 2 0