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 24 7 0.4 2.3
201k-225k 18 31 8 0.3 3.5
226k-250k 46 44 8 0.2 6.3
251k-275k 39 56 9 0.2 4.2
276k-300k 66 82 18 0.2 4.8
301k-325k 42 78 13 0.3 3.2
326k-350k 67 114 18 0.3 3.5
351k-375k 54 85 12 0.3 3.8
376k-400k 74 109 23 0.2 4.1
401k-425k 48 71 10 0.2 4.1
426k-450k 59 77 9 0.2 4.6
451k-475k 32 51 7 0.3 3.8
476k-500k 48 67 12 0.2 4.3
501k-550k 65 92 13 0.2 4.2
551k-600k 61 65 11 0.2 5.6
601k-650k 36 66 21 0.3 3.3
651k-700k 38 44 11 0.2 5.2
701k-750k 18 42 4 0.4 2.6
751k-800k 36 41 11 0.2 5.3
801k-850k 24 27 4 0.2 5.3
851k-900k 30 30 7 0.2 6
901k-950k 18 7 3 0.1 15.4
951k-1m 24 19 2 0.1 7.6
1m-1.1m 16 17 4 0.2 5.6
1.1m-1.2m 19 15 3 0.1 7.6
1.2m-1.3m 23 17 1 0.1 8.1
1.3m-1.4m 19 16 2 0.1 7.1
1.4m-1.5m 10 12 1 0.2 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 6 2 0.2 5
2m-2.25m 10 9 1 0.2 6.7
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 4 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 5 1 0.4 2.4
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 18 4 0.4 2.3
701k-750k 12 9 1 0.1 8
751k-800k 14 5 2 0.1 16.8
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 29 34 7 0.2 5.1
101k-125k 39 38 4 0.2 6.2
126k-150k 65 51 9 0.1 7.6
151k-175k 72 39 4 0.1 11.1
176k-200k 45 36 8 0.1 7.5
201k-225k 51 24 4 0.1 12.8
226k-250k 62 27 5 0.1 13.8
251k-275k 26 16 2 0.1 9.8
276k-300k 20 13 1 0.1 9.2
301k-325k 21 13 2 0.1 9.7
326k-350k 25 13 3 0.1 11.5
351k-375k 23 10 3 0.1 13.8
376k-400k 25 9 1 0.1 16.7
401k-425k 14 10 3 0.1 8.4
426k-450k 27 8 1 0 20.3
451k-475k 14 5 1 0.1 16.8
476k-500k 16 9 0.1 10.7
501k-550k 22 17 4 0.1 7.8
551k-600k 5 10 0.3 3
601k-650k 8 9 1 0.2 5.3
651k-700k 10 9 1 0.2 6.7
701k-750k 6 6 0.2 6
751k-800k 5 6 1 0.2 5
801k-850k 3 5 1 0.3 3.6
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 7 1 0 42
201k-225k 5 9 0.3 3.3
226k-250k 5 5 1 0.2 6
251k-275k 5 2 0.1 15
276k-300k 8 3 1 0.1 16
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 3 1 0.1 18
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 1 3 1 0.5 2
1.3m-1.4m 1 1 0.2 6
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