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 Since 12/31 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 5 0.8 0
126k-150k 1 7 1.2 0.9
151k-175k 1 17 2 2.8 0.4
176k-200k 3 15 1 0.8 1.2
201k-225k 1 30 6 5 0.2
226k-250k 8 44 9 0.9 1.1
251k-275k 10 67 13 1.1 0.9
276k-300k 36 86 11 0.4 2.5
301k-325k 29 109 24 0.6 1.6
326k-350k 48 102 24 0.4 2.8
351k-375k 43 87 20 0.3 3
376k-400k 62 106 23 0.3 3.5
401k-425k 38 73 16 0.3 3.1
426k-450k 50 94 28 0.3 3.2
451k-475k 33 58 17 0.3 3.4
476k-500k 59 75 17 0.2 4.7
501k-550k 72 87 23 0.2 5
551k-600k 65 76 16 0.2 5.1
601k-650k 38 62 9 0.3 3.7
651k-700k 40 49 7 0.2 4.9
701k-750k 27 29 6 0.2 5.6
751k-800k 21 28 3 0.2 4.5
801k-850k 29 34 8 0.2 5.1
851k-900k 17 18 5 0.2 5.7
901k-950k 17 12 5 0.1 8.5
951k-1m 15 10 1 0.1 9
1m-1.1m 12 33 10 0.5 2.2
1.1m-1.2m 19 25 3 0.2 4.6
1.2m-1.3m 19 25 5 0.2 4.6
1.3m-1.4m 17 22 8 0.2 4.6
1.4m-1.5m 14 13 2 0.2 6.5
1.5m-1.6m 11 12 4 0.2 5.5
1.6m-1.7m 14 12 2 0.1 7
1.7m-1.8m 1 9 2 1.5 0.7
1.8m-1.9m 3 6 1 0.3 3
1.9m-2m 7 5 0.1 8.4
2m-2.25m 13 10 4 0.1 7.8
2.25m-2.5m 11 9 3 0.1 7.3
2.5m-2.75m 12 7 0.1 10.3
2.75m-3m 12 10 4 0.1 7.2
3m-3.5m 9 4 1 0.1 13.5
3.5m-4m 3 4 0.2 4.5
4m-4.5m 4 2 1 0.1 12
4.5m-5m 11 1 0 66
5.01m-6m 7 2 0 21
6.01m-7m 4 3 0.1 8
7.01m-8m 5 1 0 30
9.01m-10m 1 2 1 0.3 3
11.01m-12m 3 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
226k-250k 1 0.2 0
251k-275k 2 1 0.1 12
276k-300k 2 2 0.2 6
301k-325k 3 3 2 0.2 6
326k-350k 4 1 0 24
351k-375k 2 1 0.1 12
376k-400k 8 5 1 0.1 9.6
401k-425k 3 6 2 0.3 3
426k-450k 5 4 0.1 7.5
451k-475k 3 6 0.3 3
476k-500k 2 1 0.1 12
501k-550k 2 17 9 1.4 0.7
551k-600k 4 4 1 0.2 6
601k-650k 5 10 1 0.3 3
651k-700k 8 11 2 0.2 4.4
701k-750k 12 10 3 0.1 7.2
751k-800k 10 8 0.1 7.5
801k-850k 4 6 1 0.3 4
851k-900k 4 3 1 0.1 8
901k-950k 6 5 1 0.1 7.2
951k-1m 5 2 0.1 15
1m-1.1m 1 2 0.3 3
1.1m-1.2m 4 3 2 0.1 8
1.2m-1.3m 1 2 1 0.3 3
1.3m-1.4m 1 2 0.3 3
1.6m-1.7m 2 1 0.3 0
1.7m-1.8m 1 0.2 0
2m-2.25m 1 3 0.5 2
2.25m-2.5m 1 0
3m-3.5m 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 0.5 2
76k-100k 22 15 1 0.1 8.8
101k-125k 30 42 12 0.2 4.3
126k-150k 74 59 12 0.1 7.5
151k-175k 69 61 10 0.1 6.8
176k-200k 69 40 10 0.1 10.4
201k-225k 43 48 10 0.2 5.4
226k-250k 39 41 7 0.2 5.7
251k-275k 29 41 9 0.2 4.2
276k-300k 40 21 5 0.1 11.4
301k-325k 27 25 6 0.2 6.5
326k-350k 31 25 5 0.1 7.4
351k-375k 25 13 5 0.1 11.5
376k-400k 22 15 4 0.1 8.8
401k-425k 20 11 0.1 10.9
426k-450k 21 15 2 0.1 8.4
451k-475k 14 16 2 0.2 5.3
476k-500k 23 6 1 0 23
501k-550k 20 14 3 0.1 8.6
551k-600k 20 8 1 0.1 15
601k-650k 17 12 2 0.1 8.5
651k-700k 12 9 2 0.1 8
701k-750k 14 14 2 0.2 6
751k-800k 3 5 0.3 3.6
801k-850k 5 6 0.2 5
851k-900k 3 1 0.1 18
901k-950k 3 6 1 0.3 3
951k-1m 5 6 0.2 5
1m-1.1m 5 6 2 0.2 5
1.1m-1.2m 7 8 0.2 5.3
1.2m-1.3m 6 9 0.3 4
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 6 4 0.1 9
1.6m-1.7m 6 0
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 4 6 1 0.3 4
1.9m-2m 6 2 1 0.1 18
2m-2.25m 6 11 3 0.3 3.3
2.25m-2.5m 7 9 2 0.2 4.7
2.5m-2.75m 7 5 1 0.1 8.4
2.75m-3m 8 8 0.2 6
3m-3.5m 10 0
3.5m-4m 2 4 4 0.3 3
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0
7.01m-8m 2 0.3 0
8.01m-9m 1 1 0.2 0
9.01m-10m 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 0
26k-50k 1 1 0.2 6
51k-75k 1 2 1 0.3 3
76k-100k 2 12 2 1 1
101k-125k 5 7 4 0.2 4.3
126k-150k 3 2 0.1 9
151k-175k 1 2 0.3 3
176k-200k 4 3 0.1 8
201k-225k 3 4 1 0.2 4.5
226k-250k 3 4 0.2 4.5
251k-275k 1 2 2 0.3 3
276k-300k 4 1 0 24
301k-325k 1 0.2 0
326k-350k 3 0
351k-375k 1 1 0.2 0
376k-400k 2 0
401k-425k 1 1 1 0.2 6
426k-450k 3 2 0.5 0
451k-475k 1 1 0.2 6
476k-500k 1 0.2 0
501k-550k 1 1 0.2 6
551k-600k 2 2 1 0.2 6
601k-650k 3 2 0.1 9
701k-750k 2 1 0.3 0
751k-800k 1 2 0.3 3
801k-850k 1 0
851k-900k 1 0
901k-950k 1 1 1 0.2 6
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
5.01m-6m 1 1 0.2 0