Supply & Demand in Palm Harbor, FL

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
101k-125k 1 1 0.2 0
126k-150k 1 1 0.2 6
151k-175k 1 2 0.3 3
176k-200k 4 3 1 0.1 8
201k-225k 3 10 1 0.6 1.8
226k-250k 12 15 2 0.2 4.8
251k-275k 7 6 1 0.1 7
276k-300k 13 9 2 0.1 8.7
301k-325k 7 13 3 0.3 3.2
326k-350k 17 30 6 0.3 3.4
351k-375k 14 19 2 0.2 4.4
376k-400k 18 23 4 0.2 4.7
401k-425k 16 20 5 0.2 4.8
426k-450k 13 29 6 0.4 2.7
451k-475k 14 26 7 0.3 3.2
476k-500k 18 28 3 0.3 3.9
501k-550k 36 33 8 0.2 6.5
551k-600k 26 30 3 0.2 5.2
601k-650k 13 26 2 0.3 3
651k-700k 20 20 4 0.2 6
701k-750k 12 14 3 0.2 5.1
751k-800k 10 10 5 0.2 6
801k-850k 10 12 5 0.2 5
851k-900k 8 4 1 0.1 12
901k-950k 5 4 2 0.1 7.5
951k-1m 6 5 1 0.1 7.2
1m-1.1m 5 6 0.2 5
1.1m-1.2m 9 3 1 0.1 18
1.2m-1.3m 3 8 2 0.4 2.3
1.3m-1.4m 4 2 0.1 12
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 2 0
1.9m-2m 2 1 1 0.1 12
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 2 1 1 0.1 12
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 1 0
4m-4.5m 1 0.2 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
151k-175k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 3 0.5 0
226k-250k 2 3 0.3 4
251k-275k 5 6 3 0.2 5
276k-300k 9 5 1 0.1 10.8
301k-325k 3 1 0.1 18
326k-350k 6 1 0 36
351k-375k 10 7 3 0.1 8.6
376k-400k 5 8 1 0.3 3.8
401k-425k 3 2 1 0.1 9
426k-450k 3 4 1 0.2 4.5
476k-500k 2 3 0.3 4
501k-550k 9 2 0 27
551k-600k 1 0.2 0
601k-650k 1 0.2 0
701k-750k 1 0.2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
1.2m-1.3m 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
126k-150k 11 8 2 0.1 8.3
151k-175k 22 17 3 0.1 7.8
176k-200k 32 16 2 0.1 12
201k-225k 28 15 1 0.1 11.2
226k-250k 26 12 4 0.1 13
251k-275k 13 9 0.1 8.7
276k-300k 16 7 1 0.1 13.7
301k-325k 5 6 2 0.2 5
326k-350k 5 5 2 0.2 6
351k-375k 3 6 1 0.3 3
376k-400k 8 2 0 24
401k-425k 6 2 0.1 18
426k-450k 2 0
476k-500k 6 0
501k-550k 4 4 0.2 6
551k-600k 9 2 0 27
601k-650k 1 0.2 0

Land 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 0.2 0
101k-125k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 1 0.1 12
201k-225k 1 0.2 0
251k-275k 1 0
276k-300k 2 0
301k-325k 3 0
426k-450k 2 0
451k-475k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 2 0
701k-750k 1 0.2 0
801k-850k 2 0
951k-1m 1 0.2 0
1.2m-1.3m 1 0
1.6m-1.7m 1 0
2.75m-3m 1 0