Absorption Report

Tampa, Land, South Seminole Heights

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 23% 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
551k-600k 2 2 0.3 0
601k-650k 2 0.3 0
651k-700k 3 7 2 0.4 2.6
701k-750k 6 4 1 0.1 9
751k-800k 1 8 1 1.3 0.8
801k-850k 4 9 2 0.4 2.7
851k-900k 7 3 1 0.1 14
901k-950k 2 6 0.5 2
951k-1m 5 10 3 0.3 3
1m-1.1m 7 12 2 0.3 3.5
1.1m-1.2m 12 11 2 0.2 6.5
1.2m-1.3m 8 15 4 0.3 3.2
1.3m-1.4m 14 12 1 0.1 7
1.4m-1.5m 9 12 3 0.2 4.5
1.5m-1.6m 5 13 0.4 2.3
1.6m-1.7m 9 7 0.1 7.7
1.7m-1.8m 7 9 4 0.2 4.7
1.8m-1.9m 8 13 2 0.3 3.7
1.9m-2m 7 7 1 0.2 6
2m-2.25m 10 15 4 0.3 4
2.25m-2.5m 17 12 1 0.1 8.5
2.5m-2.75m 11 8 1 0.1 8.3
2.75m-3m 17 9 1 0.1 11.3
3m-3.5m 7 11 2 0.3 3.8
3.5m-4m 14 8 0.1 10.5
4m-4.5m 7 5 1 0.1 8.4
4.5m-5m 5 3 1 0.1 10
5.01m-6m 14 9 3 0.1 9.3
6.01m-7m 5 3 0.1 10
7.01m-8m 2 4 1 0.3 3
8.01m-9m 4 1 0 24
9.01m-10m 1 0
10.01m-11m 1 0
11.01m-12m 1 1 0.2 6
14.01m-15m 2 0
16.01m-17m 1 0

Townhouses 20% 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
376k-400k 3 1 0.5 0
401k-425k 1 1 0.2 0
426k-450k 1 1 0.2 6
476k-500k 2 1 0.1 12
551k-600k 1 1 0.2 6

Condos 14% 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 1 0
26k-50k 1 0.2 0
176k-200k 1 0
201k-225k 4 0.7 0
226k-250k 1 1 0.2 6
251k-275k 1 3 1 0.5 2
276k-300k 6 4 0.1 9
301k-325k 4 2 0.1 12
326k-350k 5 3 0.1 10
351k-375k 6 4 2 0.1 9
376k-400k 13 11 3 0.1 7.1
401k-425k 8 4 2 0.1 12
426k-450k 10 4 1 0.1 15
451k-475k 10 10 3 0.2 6
476k-500k 16 10 3 0.1 9.6
501k-550k 27 7 2 0 23.1
551k-600k 27 15 3 0.1 10.8
601k-650k 17 24 3 0.2 4.3
651k-700k 28 9 2 0.1 18.7
701k-750k 15 11 2 0.1 8.2
751k-800k 29 6 2 0 29
801k-850k 16 10 1 0.1 9.6
851k-900k 16 9 1 0.1 10.7
901k-950k 3 8 4 0.4 2.3
951k-1m 12 6 0.1 12
1m-1.1m 6 9 2 0.3 4
1.1m-1.2m 8 6 2 0.1 8
1.2m-1.3m 7 3 0.1 14
1.3m-1.4m 7 10 1 0.2 4.2
1.4m-1.5m 6 7 2 0.2 5.1
1.5m-1.6m 9 4 1 0.1 13.5
1.6m-1.7m 6 3 1 0.1 12
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 5 3 0.1 10
1.9m-2m 4 3 2 0.1 8
2m-2.25m 4 6 0.3 4
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 8 1 0 48
3m-3.5m 5 3 1 0.1 10
3.5m-4m 4 5 0.2 4.8
4m-4.5m 1 2 0.3 3
4.5m-5m 2 0.3 0
5.01m-6m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 1 0.2 6
10.01m-11m 2 0

Land 11% 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
26k-50k 1 0
76k-100k 1 0
126k-150k 1 0
151k-175k 2 0
176k-200k 1 0
201k-225k 2 0
226k-250k 4 0
251k-275k 3 1 0.1 18
276k-300k 1 0
301k-325k 1 0
326k-350k 2 3 1 0.3 4
351k-375k 1 0
376k-400k 2 2 0.2 6
401k-425k 1 1 0.2 6
426k-450k 1 1 1 0.2 6
451k-475k 1 1 0.2 0
476k-500k 4 2 1 0.1 12
501k-550k 1 2 2 0.3 3
551k-600k 3 1 0.1 18
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
751k-800k 3 2 1 0.1 9
801k-850k 1 0
851k-900k 4 1 0 24
951k-1m 6 2 0.1 18
1m-1.1m 3 3 0.2 6
1.1m-1.2m 4 1 0 24
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 5 0
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 3 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 2 0
9.01m-10m 2 0
11.01m-12m 1 0