Absorption Report

Pinellas School District, New Construction

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
126k-150k 1 2 0.3 3
151k-175k 1 3 1 0.5 2
176k-200k 2 2 0.2 6
201k-225k 3 1 0.1 18
226k-250k 4 7 1 0.3 3.4
251k-275k 3 11 1 0.6 1.6
276k-300k 11 17 0.3 3.9
301k-325k 8 21 4 0.4 2.3
326k-350k 18 26 3 0.2 4.2
351k-375k 7 25 2 0.6 1.7
376k-400k 23 34 8 0.2 4.1
401k-425k 9 31 2 0.6 1.7
426k-450k 18 29 3 0.3 3.7
451k-475k 12 28 2 0.4 2.6
476k-500k 22 31 4 0.2 4.3
501k-550k 24 50 9 0.3 2.9
551k-600k 24 39 5 0.3 3.7
601k-650k 19 21 4 0.2 5.4
651k-700k 14 25 3 0.3 3.4
701k-750k 8 18 1 0.4 2.7
751k-800k 14 28 5 0.3 3
801k-850k 9 16 1 0.3 3.4
851k-900k 10 15 0.3 4
901k-950k 7 6 0.1 7
951k-1m 7 12 4 0.3 3.5
1m-1.1m 7 15 2 0.4 2.8
1.1m-1.2m 7 14 1 0.3 3
1.2m-1.3m 8 8 2 0.2 6
1.3m-1.4m 9 7 1 0.1 7.7
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 3 10 2 0.6 1.8
1.6m-1.7m 3 7 2 0.4 2.6
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 1 0.2 0
1.9m-2m 2 3 0.3 4
2m-2.25m 4 6 1 0.3 4
2.25m-2.5m 6 0
2.5m-2.75m 1 1 0.2 0
2.75m-3m 4 1 1 0 24
3.5m-4m 3 0
4m-4.5m 1 0
5.01m-6m 3 0
6.01m-7m 1 1 0.2 6
7.01m-8m 3 0

Townhouses 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
176k-200k 1 2 0.3 3
201k-225k 2 1 0.1 12
226k-250k 2 0
251k-275k 2 2 0.2 6
276k-300k 3 2 0.1 9
301k-325k 3 1 0.1 18
326k-350k 2 2 0.2 6
351k-375k 1 3 0.5 2
376k-400k 12 2 2 0
401k-425k 13 7 1 0.1 11.1
426k-450k 11 19 1 0.3 3.5
451k-475k 1 6 1 1
476k-500k 3 3 0.2 6
501k-550k 3 8 1 0.4 2.3
551k-600k 4 5 1 0.2 4.8
601k-650k 5 5 4 0.2 6
651k-700k 5 5 0.2 6
701k-750k 4 5 1 0.2 4.8
751k-800k 8 1 0 48
801k-850k 5 4 3 0.1 7.5
851k-900k 2 0
901k-950k 1 2 0.3 3
951k-1m 3 0
1m-1.1m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0

Condos 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
51k-75k 1 1 0.2 6
76k-100k 3 2 0.1 9
101k-125k 2 4 0.3 3
126k-150k 7 10 0.2 4.2
151k-175k 20 17 7 0.1 7.1
176k-200k 17 23 2 0.2 4.4
201k-225k 22 10 4 0.1 13.2
226k-250k 13 17 1 0.2 4.6
251k-275k 11 10 1 0.2 6.6
276k-300k 4 7 1 0.3 3.4
301k-325k 6 8 1 0.2 4.5
326k-350k 9 8 1 0.1 6.8
351k-375k 4 6 3 0.3 4
376k-400k 8 3 0.1 16
401k-425k 5 6 1 0.2 5
426k-450k 5 3 1 0.1 10
451k-475k 1 1 0.2 6
476k-500k 3 2 0.1 9
501k-550k 3 4 0.2 4.5
551k-600k 2 2 0.2 6
601k-650k 3 2 0.1 9
651k-700k 3 0.5 0
701k-750k 1 3 1 0.5 2
751k-800k 3 0
801k-850k 3 1 1 0.1 18
851k-900k 2 0
901k-950k 2 1 0.1 12
951k-1m 2 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 3 4 1 0.2 4.5
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 2 3 2 0.3 4
1.5m-1.6m 5 3 0.1 10
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 2 0.3 3
1.8m-1.9m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 3 1 0.5 2
2.75m-3m 1 1 0.2 6
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0