Absorption Report

Pinellas School District, House

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 0.2 0
101k-125k 1 3 1 0.5 2
126k-150k 2 8 1 0.7 1.5
151k-175k 6 12 2 0.3 3
176k-200k 7 17 6 0.4 2.5
201k-225k 12 24 7 0.3 3
226k-250k 28 40 9 0.2 4.2
251k-275k 33 57 12 0.3 3.5
276k-300k 63 71 16 0.2 5.3
301k-325k 33 89 13 0.4 2.2
326k-350k 78 128 20 0.3 3.7
351k-375k 60 117 11 0.3 3.1
376k-400k 82 138 24 0.3 3.6
401k-425k 42 105 26 0.4 2.4
426k-450k 75 109 20 0.2 4.1
451k-475k 44 85 13 0.3 3.1
476k-500k 60 111 20 0.3 3.2
501k-550k 95 167 25 0.3 3.4
551k-600k 72 127 18 0.3 3.4
601k-650k 43 104 23 0.4 2.5
651k-700k 42 82 10 0.3 3.1
701k-750k 28 57 7 0.3 2.9
751k-800k 39 51 9 0.2 4.6
801k-850k 31 39 8 0.2 4.8
851k-900k 31 41 9 0.2 4.5
901k-950k 20 22 4 0.2 5.5
951k-1m 24 25 4 0.2 5.8
1m-1.1m 21 41 12 0.3 3.1
1.1m-1.2m 23 24 4 0.2 5.8
1.2m-1.3m 13 24 6 0.3 3.3
1.3m-1.4m 17 24 4 0.2 4.3
1.4m-1.5m 6 5 0.1 7.2
1.5m-1.6m 8 9 1 0.2 5.3
1.6m-1.7m 7 8 0.2 5.3
1.7m-1.8m 5 4 0.1 7.5
1.8m-1.9m 6 2 0.1 18
1.9m-2m 7 6 1 0.1 7
2m-2.25m 10 8 1 0.1 7.5
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 1 4 0.7 1.5
2.75m-3m 4 2 0.1 12
3.5m-4m 8 0
4m-4.5m 2 1 1 0.1 12
4.5m-5m 2 1 0.1 12
5.01m-6m 7 2 0 21
6.01m-7m 1 2 0.3 3
7.01m-8m 3 0
8.01m-9m 1 0
9.01m-10m 1 0.2 0