Supply & Demand in St. Petersburg, 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
51k-75k 1 1 0.2 0
76k-100k 2 2 0.2 6
101k-125k 2 6 1 0.5 2
126k-150k 9 18 3 0.3 3
151k-175k 4 34 10 1.4 0.7
176k-200k 18 52 8 0.5 2.1
201k-225k 29 53 8 0.3 3.3
226k-250k 37 63 8 0.3 3.5
251k-275k 53 86 14 0.3 3.7
276k-300k 88 103 24 0.2 5.1
301k-325k 78 99 20 0.2 4.7
326k-350k 78 119 25 0.3 3.9
351k-375k 45 84 22 0.3 3.2
376k-400k 100 125 21 0.2 4.8
401k-425k 53 82 13 0.3 3.9
426k-450k 88 88 16 0.2 6
451k-475k 55 58 11 0.2 5.7
476k-500k 75 76 12 0.2 5.9
501k-550k 86 84 14 0.2 6.1
551k-600k 77 71 16 0.2 6.5
601k-650k 45 64 13 0.2 4.2
651k-700k 55 48 7 0.1 6.9
701k-750k 49 48 10 0.2 6.1
751k-800k 39 50 8 0.2 4.7
801k-850k 38 34 10 0.1 6.7
851k-900k 38 40 9 0.2 5.7
901k-950k 27 23 3 0.1 7
951k-1m 24 22 5 0.2 6.5
1m-1.1m 21 31 3 0.2 4.1
1.1m-1.2m 24 23 3 0.2 6.3
1.2m-1.3m 37 22 5 0.1 10.1
1.3m-1.4m 28 20 2 0.1 8.4
1.4m-1.5m 12 7 1 0.1 10.3
1.5m-1.6m 12 12 2 0.2 6
1.6m-1.7m 11 7 3 0.1 9.4
1.7m-1.8m 14 9 2 0.1 9.3
1.8m-1.9m 9 8 1 0.1 6.8
1.9m-2m 11 7 2 0.1 9.4
2m-2.25m 14 6 1 0.1 14
2.25m-2.5m 11 8 2 0.1 8.3
2.5m-2.75m 8 3 0.1 16
2.75m-3m 12 8 2 0.1 9
3m-3.5m 14 7 2 0.1 12
3.5m-4m 16 3 1 0 32
4m-4.5m 4 3 0.1 8
4.5m-5m 7 1 0 42
5.01m-6m 11 2 0 33
6.01m-7m 9 1 0 54
7.01m-8m 4 0
9.01m-10m 3 0
10.01m-11m 1 0
12.01m-13m 1 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 2 1 0.1 12
176k-200k 3 1 0.1 18
201k-225k 1 2 0.3 3
226k-250k 3 3 2 0.2 6
251k-275k 5 5 2 0.2 6
276k-300k 3 2 1 0.1 9
301k-325k 1 0.2 0
326k-350k 3 2 0.1 9
351k-375k 4 4 0.2 6
376k-400k 5 4 0.1 7.5
401k-425k 2 4 0.3 3
426k-450k 4 5 0.2 4.8
451k-475k 7 6 1 0.1 7
476k-500k 7 6 2 0.1 7
501k-550k 6 7 4 0.2 5.1
551k-600k 5 6 2 0.2 5
601k-650k 16 12 1 0.1 8
651k-700k 17 12 0.1 8.5
701k-750k 9 11 3 0.2 4.9
751k-800k 6 13 4 0.4 2.8
801k-850k 11 10 1 0.2 6.6
851k-900k 5 4 0.1 7.5
901k-950k 4 3 0.1 8
951k-1m 2 2 0.2 6
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6

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
1k-25k 1 1 0.2 0
26k-50k 1 0.2 0
51k-75k 7 23 1 0.5 1.8
76k-100k 35 45 8 0.2 4.7
101k-125k 54 43 7 0.1 7.5
126k-150k 85 51 11 0.1 10
151k-175k 73 40 4 0.1 11
176k-200k 73 42 7 0.1 10.4
201k-225k 64 34 6 0.1 11.3
226k-250k 51 32 5 0.1 9.6
251k-275k 34 20 3 0.1 10.2
276k-300k 33 13 7 0.1 15.2
301k-325k 27 22 7 0.1 7.4
326k-350k 35 12 1 0.1 17.5
351k-375k 23 15 6 0.1 9.2
376k-400k 46 12 3 0 23
401k-425k 17 10 2 0.1 10.2
426k-450k 25 8 1 0.1 18.8
451k-475k 23 7 1 0.1 19.7
476k-500k 18 9 2 0.1 12
501k-550k 23 17 2 0.1 8.1
551k-600k 22 10 1 0.1 13.2
601k-650k 19 20 5 0.2 5.7
651k-700k 20 14 3 0.1 8.6
701k-750k 7 9 2 0.2 4.7
751k-800k 13 6 1 0.1 13
801k-850k 6 10 3 0.3 3.6
851k-900k 9 3 0.1 18
901k-950k 5 4 1 0.1 7.5
951k-1m 6 4 2 0.1 9
1m-1.1m 8 12 1 0.3 4
1.1m-1.2m 8 13 0.3 3.7
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 7 1 0 42
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 4 6 2 0.3 4
1.6m-1.7m 5 2 0.1 15
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 2 0
1.9m-2m 4 4 0.2 6
2m-2.25m 5 0
2.25m-2.5m 7 4 2 0.1 10.5
2.5m-2.75m 6 4 0.1 9
2.75m-3m 6 2 0.1 18
3m-3.5m 3 3 1 0.2 6
3.5m-4m 2 1 0.1 12
4.5m-5m 3 0
5.01m-6m 2 0
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 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
1k-25k 4 0
26k-50k 1 0
51k-75k 5 1 1 0 30
76k-100k 6 6 1 0.2 6
101k-125k 3 5 1 0.3 3.6
126k-150k 10 6 2 0.1 10
151k-175k 6 4 0.1 9
176k-200k 8 2 1 0 24
201k-225k 4 6 1 0.3 4
226k-250k 9 6 1 0.1 9
251k-275k 3 1 0.1 18
276k-300k 6 1 0 36
301k-325k 5 3 0.1 10
326k-350k 8 2 0 24
351k-375k 3 5 2 0.3 3.6
376k-400k 3 2 0.1 9
401k-425k 3 2 0.1 9
426k-450k 2 0
451k-475k 6 1 0 36
476k-500k 2 1 0.1 12
501k-550k 3 2 0.1 9
551k-600k 2 0
601k-650k 4 1 0 24
651k-700k 3 1 0.1 18
701k-750k 1 0
751k-800k 8 3 0.1 16
801k-850k 5 1 0 30
851k-900k 3 0
901k-950k 5 0
951k-1m 3 0
1m-1.1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.75m-3m 3 0
4.5m-5m 2 0