Absorption Report: Pinellas School District, House | Homes by Marco

Absorption Report


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 3 1 0.5 2
126k-150k 2 7 2 0.6 1.7
151k-175k 8 11 3 0.2 4.4
176k-200k 9 15 5 0.3 3.6
201k-225k 9 18 3 0.3 3
226k-250k 33 38 8 0.2 5.2
251k-275k 35 57 12 0.3 3.7
276k-300k 59 78 12 0.2 4.5
301k-325k 34 95 12 0.5 2.1
326k-350k 74 128 21 0.3 3.5
351k-375k 57 127 17 0.4 2.7
376k-400k 89 135 22 0.3 4
401k-425k 47 106 23 0.4 2.7
426k-450k 76 112 18 0.2 4.1
451k-475k 44 86 11 0.3 3.1
476k-500k 66 108 20 0.3 3.7
501k-550k 90 172 24 0.3 3.1
551k-600k 79 134 21 0.3 3.5
601k-650k 44 109 21 0.4 2.4
651k-700k 45 82 8 0.3 3.3
701k-750k 33 62 7 0.3 3.2
751k-800k 40 54 9 0.2 4.4
801k-850k 29 42 7 0.2 4.1
851k-900k 32 39 6 0.2 4.9
901k-950k 22 28 4 0.2 4.7
951k-1m 24 27 5 0.2 5.3
1m-1.1m 21 41 7 0.3 3.1
1.1m-1.2m 16 27 6 0.3 3.6
1.2m-1.3m 19 27 6 0.2 4.2
1.3m-1.4m 19 27 5 0.2 4.2
1.4m-1.5m 9 7 0.1 7.7
1.5m-1.6m 8 13 1 0.3 3.7
1.6m-1.7m 5 9 1 0.3 3.3
1.7m-1.8m 7 4 0.1 10.5
1.8m-1.9m 5 3 0.1 10
1.9m-2m 7 8 1 0.2 5.3
2m-2.25m 9 11 1 0.2 4.9
2.25m-2.5m 8 5 1 0.1 9.6
2.5m-2.75m 1 4 0.7 1.5
2.75m-3m 3 2 2 0.1 9
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 6 2 0.1 18
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