Absorption Report

St. Petersburg, Dr Martin Luther King Jr St

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 4% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 3 6 2 0.3 3
151k-175k 10 6 1 0.1 10
176k-200k 5 7 1 0.2 4.3
201k-225k 8 11 1 0.2 4.4
226k-250k 18 16 2 0.1 6.8
251k-275k 15 27 3 0.3 3.3
276k-300k 69 60 10 0.1 6.9
301k-325k 55 57 11 0.2 5.8
326k-350k 88 77 17 0.1 6.9
351k-375k 78 72 12 0.2 6.5
376k-400k 95 67 16 0.1 8.5
401k-425k 58 45 7 0.1 7.7
426k-450k 55 42 2 0.1 7.9
451k-475k 39 37 6 0.2 6.3
476k-500k 43 34 5 0.1 7.6
501k-550k 59 50 3 0.1 7.1
551k-600k 55 42 7 0.1 7.9
601k-650k 42 39 3 0.2 6.5
651k-700k 33 29 4 0.1 6.8
701k-750k 30 25 1 0.1 7.2
751k-800k 27 22 0.1 7.4
801k-850k 20 14 4 0.1 8.6
851k-900k 17 10 1 0.1 10.2
901k-950k 24 11 1 0.1 13.1
951k-1m 17 8 1 0.1 12.8
1m-1.1m 12 9 3 0.1 8
1.1m-1.2m 18 10 2 0.1 10.8
1.2m-1.3m 6 6 1 0.2 6
1.3m-1.4m 4 8 1 0.3 3
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 5 3 0.1 10
1.6m-1.7m 8 2 0 24
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 2 1 0.1 12
326k-350k 6 4 0.1 9
351k-375k 2 4 2 0.3 3
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0

Condos 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 11 5 1 0.1 13.2
151k-175k 33 16 0.1 12.4
176k-200k 32 19 3 0.1 10.1
201k-225k 22 11 1 0.1 12
226k-250k 21 18 0.1 7
251k-275k 29 23 4 0.1 7.6
276k-300k 39 21 3 0.1 11.1
301k-325k 26 11 3 0.1 14.2
326k-350k 28 5 1 0 33.6
351k-375k 26 10 3 0.1 15.6
376k-400k 28 7 1 0 24
401k-425k 18 11 2 0.1 9.8
426k-450k 14 1 0 84
451k-475k 12 6 1 0.1 12
476k-500k 15 5 0.1 18
501k-550k 23 6 1 0 23
551k-600k 13 2 0 39
601k-650k 7 2 0 21
651k-700k 4 0
701k-750k 9 1 0 54
751k-800k 8 1 1 0 48
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 394 178 24 0.1 13.3
26k-50k 343 101 9 0 20.4
51k-75k 133 46 2 0.1 17.3
76k-100k 79 22 2 0 21.5
101k-125k 46 12 3 0 23
126k-150k 31 8 1 0 23.3
151k-175k 19 11 0.1 10.4
176k-200k 22 3 0 44
201k-225k 16 5 0.1 19.2
226k-250k 14 2 0 42
251k-275k 14 5 1 0.1 16.8
276k-300k 26 4 2 0 39
301k-325k 11 1 0 66
326k-350k 17 2 0 51
351k-375k 7 3 0.1 14
376k-400k 13 1 0 78
401k-425k 4 2 0.1 12
426k-450k 7 2 1 0 21
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 1 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 1 0.1 18
2m-2.25m 3 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0