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 1 0.2 0
101k-125k 2 0.3 0
126k-150k 2 7 2 0.6 1.7
151k-175k 7 11 3 0.3 3.8
176k-200k 8 15 5 0.3 3.2
201k-225k 9 18 6 0.3 3
226k-250k 34 38 8 0.2 5.4
251k-275k 32 55 14 0.3 3.5
276k-300k 62 78 12 0.2 4.8
301k-325k 34 98 14 0.5 2.1
326k-350k 70 130 22 0.3 3.2
351k-375k 57 128 19 0.4 2.7
376k-400k 97 133 23 0.2 4.4
401k-425k 44 104 18 0.4 2.5
426k-450k 74 112 16 0.3 4
451k-475k 41 87 12 0.4 2.8
476k-500k 68 109 20 0.3 3.7
501k-550k 87 177 23 0.3 2.9
551k-600k 81 137 20 0.3 3.5
601k-650k 42 104 17 0.4 2.4
651k-700k 46 85 9 0.3 3.2
701k-750k 33 61 5 0.3 3.2
751k-800k 40 55 13 0.2 4.4
801k-850k 30 42 7 0.2 4.3
851k-900k 32 37 4 0.2 5.2
901k-950k 21 30 4 0.2 4.2
951k-1m 24 27 5 0.2 5.3
1m-1.1m 22 41 6 0.3 3.2
1.1m-1.2m 16 30 6 0.3 3.2
1.2m-1.3m 20 29 7 0.2 4.1
1.3m-1.4m 16 27 4 0.3 3.6
1.4m-1.5m 8 7 0.1 6.9
1.5m-1.6m 6 12 0.3 3
1.6m-1.7m 6 10 2 0.3 3.6
1.7m-1.8m 7 6 1 0.1 7
1.8m-1.9m 4 3 0.1 8
1.9m-2m 5 8 1 0.3 3.8
2m-2.25m 9 10 1 0.2 5.4
2.25m-2.5m 10 5 1 0.1 12
2.5m-2.75m 1 4 1 0.7 1.5
2.75m-3m 4 2 2 0.1 12
3.5m-4m 7 0
4m-4.5m 2 1 1 0.1 12
4.5m-5m 2 1 0.1 12
5.01m-6m 5 2 0.1 15
6.01m-7m 1 2 1 0.3 3
7.01m-8m 3 0
8.01m-9m 1 0
9.01m-10m 1 0.2 0