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 3 7 1 0.4 2.6
151k-175k 9 11 2 0.2 4.9
176k-200k 7 24 9 0.6 1.8
201k-225k 18 34 6 0.3 3.2
226k-250k 46 47 10 0.2 5.9
251k-275k 36 60 12 0.3 3.6
276k-300k 63 81 16 0.2 4.7
301k-325k 38 81 18 0.4 2.8
326k-350k 74 117 18 0.3 3.8
351k-375k 55 86 13 0.3 3.8
376k-400k 74 113 23 0.3 3.9
401k-425k 47 72 10 0.3 3.9
426k-450k 65 77 12 0.2 5.1
451k-475k 32 54 9 0.3 3.6
476k-500k 44 66 11 0.3 4
501k-550k 67 94 12 0.2 4.3
551k-600k 56 63 11 0.2 5.3
601k-650k 36 68 20 0.3 3.2
651k-700k 42 45 10 0.2 5.6
701k-750k 23 46 8 0.3 3
751k-800k 29 41 12 0.2 4.2
801k-850k 22 25 3 0.2 5.3
851k-900k 26 31 8 0.2 5
901k-950k 16 8 3 0.1 12
951k-1m 25 19 1 0.1 7.9
1m-1.1m 16 17 5 0.2 5.6
1.1m-1.2m 23 15 3 0.1 9.2
1.2m-1.3m 23 17 1 0.1 8.1
1.3m-1.4m 17 17 4 0.2 6
1.4m-1.5m 9 11 0.2 4.9
1.5m-1.6m 10 12 2 0.2 5
1.6m-1.7m 6 7 0.2 5.1
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 7 3 1 0.1 14
1.9m-2m 6 5 1 0.1 7.2
2m-2.25m 10 7 1 0.1 8.6
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 4 8 1 0.3 3
2.75m-3m 6 3 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 2 0
5.01m-6m 8 3 0.1 16
6.01m-7m 4 1 0 24
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 2 1 0.2 6
176k-200k 1 3 1 0.5 2
201k-225k 3 0
251k-275k 5 3 2 0.1 10
276k-300k 2 4 0.3 3
301k-325k 5 0.8 0
326k-350k 3 2 2 0.1 9
351k-375k 1 5 1 0.8 1.2
376k-400k 3 6 1 0.3 3
401k-425k 1 3 0.5 2
426k-450k 1 3 1 0.5 2
451k-475k 2 3 1 0.3 4
476k-500k 5 2 0.1 15
501k-550k 5 4 0.1 7.5
551k-600k 10 1 0 60
601k-650k 7 9 3 0.2 4.7
651k-700k 7 17 2 0.4 2.5
701k-750k 10 9 1 0.2 6.7
751k-800k 15 5 2 0.1 18
801k-850k 5 10 4 0.3 3
851k-900k 5 9 1 0.3 3.3
901k-950k 3 6 1 0.3 3
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 1 0.2 6
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
3m-3.5m 1 1 0.2 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 11 4 0.4 2.7
76k-100k 31 38 9 0.2 4.9
101k-125k 39 40 7 0.2 5.9
126k-150k 66 53 11 0.1 7.5
151k-175k 68 38 4 0.1 10.7
176k-200k 46 36 6 0.1 7.7
201k-225k 52 24 3 0.1 13
226k-250k 59 28 6 0.1 12.6
251k-275k 30 16 1 0.1 11.3
276k-300k 21 13 1 0.1 9.7
301k-325k 21 11 2 0.1 11.5
326k-350k 22 13 2 0.1 10.2
351k-375k 22 10 2 0.1 13.2
376k-400k 22 8 0.1 16.5
401k-425k 15 11 3 0.1 8.2
426k-450k 24 8 0.1 18
451k-475k 15 4 1 0 22.5
476k-500k 16 8 0.1 12
501k-550k 25 18 4 0.1 8.3
551k-600k 5 9 0.3 3.3
601k-650k 9 9 1 0.2 6
651k-700k 10 8 0.1 7.5
701k-750k 4 6 0.3 4
751k-800k 4 6 1 0.3 4
801k-850k 4 5 1 0.2 4.8
851k-900k 8 2 0 24
901k-950k 4 6 1 0.3 4
951k-1m 7 4 0.1 10.5
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 6 14 5 0.4 2.6
1.2m-1.3m 8 8 1 0.2 6
1.3m-1.4m 1 0.2 0
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 7 5 0.1 8.4
1.6m-1.7m 4 4 0.2 6
1.7m-1.8m 5 1 1 0 30
1.8m-1.9m 4 1 0 24
1.9m-2m 2 3 1 0.3 4
2m-2.25m 8 2 0 24
2.25m-2.5m 2 4 1 0.3 3
2.5m-2.75m 3 3 0.2 6
2.75m-3m 7 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 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 4 8 0.3 3
226k-250k 5 5 1 0.2 6
251k-275k 5 2 0.1 15
276k-300k 6 3 1 0.1 12
301k-325k 3 1 0.5 0
326k-350k 6 1 0 36
351k-375k 1 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 2 0
426k-450k 4 0
451k-475k 2 0
476k-500k 2 0
501k-550k 2 2 0.2 6
551k-600k 3 1 0.1 18
601k-650k 2 2 0.2 6
651k-700k 2 0
701k-750k 1 0
751k-800k 2 3 1 0.3 4
801k-850k 3 2 0.1 9
851k-900k 3 1 0.1 18
901k-950k 3 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 2 2 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 3 0
1.8m-1.9m 4 1 1 0 24
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
5.01m-6m 2 0