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
101k-125k 1 1 0.2 0
126k-150k 2 7 1 0.6 1.7
151k-175k 8 11 3 0.2 4.4
176k-200k 9 26 7 0.5 2.1
201k-225k 18 31 8 0.3 3.5
226k-250k 47 44 8 0.2 6.4
251k-275k 40 55 9 0.2 4.4
276k-300k 63 88 18 0.2 4.3
301k-325k 39 79 12 0.3 3
326k-350k 70 118 18 0.3 3.6
351k-375k 56 88 12 0.3 3.8
376k-400k 75 107 20 0.2 4.2
401k-425k 47 71 10 0.3 4
426k-450k 58 77 11 0.2 4.5
451k-475k 33 52 7 0.3 3.8
476k-500k 48 69 11 0.2 4.2
501k-550k 66 92 13 0.2 4.3
551k-600k 63 65 11 0.2 5.8
601k-650k 35 64 18 0.3 3.3
651k-700k 43 43 10 0.2 6
701k-750k 18 43 4 0.4 2.5
751k-800k 36 42 11 0.2 5.1
801k-850k 23 27 4 0.2 5.1
851k-900k 30 30 6 0.2 6
901k-950k 18 7 3 0.1 15.4
951k-1m 23 19 2 0.1 7.3
1m-1.1m 16 17 4 0.2 5.6
1.1m-1.2m 20 15 3 0.1 8
1.2m-1.3m 24 18 1 0.1 8
1.3m-1.4m 20 18 2 0.2 6.7
1.4m-1.5m 11 12 1 0.2 5.5
1.5m-1.6m 9 12 1 0.2 4.5
1.6m-1.7m 5 7 0.2 4.3
1.7m-1.8m 6 5 1 0.1 7.2
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 5 8 2 0.3 3.8
2m-2.25m 10 10 1 0.2 6
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 7 8 1 0.2 5.3
2.75m-3m 6 3 1 0.1 12
3m-3.5m 7 3 1 0.1 14
3.5m-4m 6 3 0.1 12
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 7 3 0.1 14
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 2 2 0.2 6
201k-225k 2 0
226k-250k 1 0
251k-275k 4 2 1 0.1 12
276k-300k 2 4 0.3 3
301k-325k 1 5 0.8 1.2
326k-350k 3 2 2 0.1 9
351k-375k 2 4 0.3 3
376k-400k 2 6 2 0.5 2
401k-425k 5 0.8 0
426k-450k 2 4 1 0.3 3
451k-475k 3 2 0.1 9
476k-500k 2 2 1 0.2 6
501k-550k 5 4 0.1 7.5
551k-600k 10 1 0 60
601k-650k 7 8 2 0.2 5.3
651k-700k 7 17 3 0.4 2.5
701k-750k 12 10 1 0.1 7.2
751k-800k 12 5 2 0.1 14.4
801k-850k 5 9 3 0.3 3.3
851k-900k 5 9 2 0.3 3.3
901k-950k 2 6 3 0.5 2
951k-1m 1 6 1 1
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 3 1 0.5 2
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 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 5 9 1 0.3 3.3
76k-100k 27 35 7 0.2 4.6
101k-125k 41 42 4 0.2 5.9
126k-150k 64 51 9 0.1 7.5
151k-175k 71 39 4 0.1 10.9
176k-200k 47 37 6 0.1 7.6
201k-225k 53 24 4 0.1 13.3
226k-250k 61 28 4 0.1 13.1
251k-275k 27 18 2 0.1 9
276k-300k 21 13 1 0.1 9.7
301k-325k 21 13 2 0.1 9.7
326k-350k 23 12 2 0.1 11.5
351k-375k 22 10 3 0.1 13.2
376k-400k 24 9 1 0.1 16
401k-425k 15 11 3 0.1 8.2
426k-450k 27 9 1 0.1 18
451k-475k 14 5 1 0.1 16.8
476k-500k 15 9 0.1 10
501k-550k 22 16 2 0.1 8.3
551k-600k 5 10 0.3 3
601k-650k 9 9 1 0.2 6
651k-700k 10 9 1 0.2 6.7
701k-750k 7 6 0.1 7
751k-800k 4 7 1 0.3 3.4
801k-850k 4 5 1 0.2 4.8
851k-900k 8 2 0 24
901k-950k 6 6 0.2 6
951k-1m 9 4 0.1 13.5
1m-1.1m 3 7 2 0.4 2.6
1.1m-1.2m 6 13 4 0.4 2.8
1.2m-1.3m 7 8 1 0.2 5.3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 6 5 1 0.1 7.2
1.6m-1.7m 5 4 1 0.1 7.5
1.7m-1.8m 4 1 1 0 24
1.8m-1.9m 5 1 0 30
1.9m-2m 2 3 1 0.3 4
2m-2.25m 7 2 0 21
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 3 3 1 0.2 6
2.75m-3m 6 0
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 2 8 2 0.7 1.5
101k-125k 4 1 0 24
126k-150k 9 4 1 0.1 13.5
151k-175k 2 2 1 0.2 6
176k-200k 6 1 0 36
201k-225k 5 9 0.3 3.3
226k-250k 6 5 1 0.1 7.2
251k-275k 3 2 0.1 9
276k-300k 10 3 1 0.1 20
301k-325k 2 1 0.3 0
326k-350k 5 1 0 30
351k-375k 1 1 1 0.2 6
376k-400k 3 1 0.1 18
426k-450k 4 0
451k-475k 1 0
476k-500k 2 0
501k-550k 3 2 1 0.1 9
551k-600k 2 1 0.1 12
601k-650k 2 2 1 0.2 6
651k-700k 2 0
701k-750k 2 0
751k-800k 2 3 1 0.3 4
801k-850k 2 2 0.2 6
851k-900k 5 1 0 30
901k-950k 2 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 3 1 0.5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 4 0
1.8m-1.9m 2 1 1 0.1 12
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 2 0