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 2 3 0.3 4
176k-200k 1 3 1 0.5 2
201k-225k 4 2 1 0.1 12
226k-250k 4 7 1 0.3 3.4
251k-275k 3 12 1 0.7 1.5
276k-300k 11 16 1 0.2 4.1
301k-325k 9 21 3 0.4 2.6
326k-350k 18 26 2 0.2 4.2
351k-375k 6 25 2 0.7 1.4
376k-400k 24 31 3 0.2 4.6
401k-425k 9 29 2 0.5 1.9
426k-450k 17 29 1 0.3 3.5
451k-475k 9 23 1 0.4 2.3
476k-500k 22 31 3 0.2 4.3
501k-550k 24 50 6 0.3 2.9
551k-600k 23 36 3 0.3 3.8
601k-650k 17 21 6 0.2 4.9
651k-700k 17 24 2 0.2 4.3
701k-750k 7 18 1 0.4 2.3
751k-800k 13 29 5 0.4 2.7
801k-850k 9 16 1 0.3 3.4
851k-900k 10 15 0.3 4
901k-950k 7 7 1 0.2 6
951k-1m 8 11 2 0.2 4.4
1m-1.1m 7 15 1 0.4 2.8
1.1m-1.2m 6 13 1 0.4 2.8
1.2m-1.3m 8 8 1 0.2 6
1.3m-1.4m 9 7 1 0.1 7.7
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 3 8 2 0.4 2.3
1.6m-1.7m 4 7 2 0.3 3.4
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 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
4.5m-5m 1 0
5.01m-6m 3 0
6.01m-7m 2 1 0.1 12
7.01m-8m 2 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 3 2 0.1 9
276k-300k 3 2 0.1 9
301k-325k 3 1 0.1 18
326k-350k 3 2 0.1 9
351k-375k 1 3 0.5 2
376k-400k 2 12 1 1
401k-425k 12 7 1 0.1 10.3
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 0.4 2.3
551k-600k 4 5 1 0.2 4.8
601k-650k 5 5 3 0.2 6
651k-700k 5 5 0.2 6
701k-750k 5 5 0.2 6
751k-800k 8 1 0 48
801k-850k 4 4 3 0.2 6
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 4 2 0.1 12
101k-125k 2 4 0.3 3
126k-150k 8 10 1 0.2 4.8
151k-175k 20 15 5 0.1 8
176k-200k 19 22 1 0.2 5.2
201k-225k 21 10 2 0.1 12.6
226k-250k 13 17 1 0.2 4.6
251k-275k 11 10 1 0.2 6.6
276k-300k 5 7 1 0.2 4.3
301k-325k 7 8 1 0.2 5.3
326k-350k 7 7 1 0.2 6
351k-375k 4 6 2 0.3 4
376k-400k 8 2 0 24
401k-425k 4 6 0.3 4
426k-450k 5 3 1 0.1 10
451k-475k 1 1 0.2 6
476k-500k 3 1 0.1 18
501k-550k 5 4 0.1 7.5
551k-600k 2 2 0.2 6
601k-650k 3 2 0.1 9
651k-700k 2 0.3 0
701k-750k 1 2 1 0.3 3
751k-800k 2 0
801k-850k 3 1 0.1 18
851k-900k 2 0
901k-950k 2 1 0.1 12
951k-1m 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 3 3 1 0.2 6
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 3 3 1 0.2 6
1.5m-1.6m 4 3 0.1 8
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 2 1 0.3 3
2.75m-3m 1 1 0.2 6
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0