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 1 3 1 0.5 2
126k-150k 2 7 2 0.6 1.7
151k-175k 7 11 3 0.3 3.8
176k-200k 9 15 5 0.3 3.6
201k-225k 9 18 5 0.3 3
226k-250k 35 38 8 0.2 5.5
251k-275k 33 57 13 0.3 3.5
276k-300k 58 78 12 0.2 4.5
301k-325k 34 99 14 0.5 2.1
326k-350k 72 132 23 0.3 3.3
351k-375k 55 128 18 0.4 2.6
376k-400k 95 133 22 0.2 4.3
401k-425k 45 107 21 0.4 2.5
426k-450k 74 111 15 0.3 4
451k-475k 43 86 11 0.3 3
476k-500k 68 109 18 0.3 3.7
501k-550k 91 177 24 0.3 3.1
551k-600k 81 138 21 0.3 3.5
601k-650k 42 107 20 0.4 2.4
651k-700k 45 84 8 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 41 6 0.2 4.4
851k-900k 29 39 5 0.2 4.5
901k-950k 21 29 4 0.2 4.3
951k-1m 25 27 5 0.2 5.6
1m-1.1m 21 41 6 0.3 3.1
1.1m-1.2m 17 30 6 0.3 3.4
1.2m-1.3m 20 29 7 0.2 4.1
1.3m-1.4m 17 27 5 0.3 3.8
1.4m-1.5m 8 7 0.1 6.9
1.5m-1.6m 7 12 0.3 3.5
1.6m-1.7m 6 9 2 0.3 4
1.7m-1.8m 7 5 1 0.1 8.4
1.8m-1.9m 5 3 0.1 10
1.9m-2m 6 8 1 0.2 4.5
2m-2.25m 9 10 0.2 5.4
2.25m-2.5m 10 5 1 0.1 12
2.5m-2.75m 1 4 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