Supply & Demand in Clearwater, 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 % 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 4 0.7 0
76k-100k 2 3 1 0.3 4
101k-125k 3 5 1 0.3 3.6
126k-150k 8 7 2 0.1 6.9
151k-175k 7 11 1 0.3 3.8
176k-200k 8 14 3 0.3 3.4
201k-225k 6 13 2 0.4 2.8
226k-250k 14 11 3 0.1 7.6
251k-275k 8 24 3 0.5 2
276k-300k 25 36 6 0.2 4.2
301k-325k 11 50 2 0.8 1.3
326k-350k 26 57 7 0.4 2.7
351k-375k 26 58 3 0.4 2.7
376k-400k 30 55 8 0.3 3.3
401k-425k 26 49 10 0.3 3.2
426k-450k 21 32 3 0.3 3.9
451k-475k 26 45 6 0.3 3.5
476k-500k 18 25 4 0.2 4.3
501k-550k 30 51 5 0.3 3.5
551k-600k 21 45 6 0.4 2.8
601k-650k 11 24 6 0.4 2.8
651k-700k 11 14 3 0.2 4.7
701k-750k 6 18 3 0.5 2
751k-800k 6 11 1 0.3 3.3
801k-850k 8 6 0.1 8
851k-900k 4 4 0.2 6
901k-950k 2 4 0.3 3
951k-1m 1 4 0.7 1.5
1m-1.1m 4 6 0.3 4
1.1m-1.2m 5 3 0.1 10
1.2m-1.3m 4 2 1 0.1 12
1.3m-1.4m 1 3 1 0.5 2
1.4m-1.5m 3 4 1 0.2 4.5
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 3 1 0.5 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 1 0.2 0
6.01m-7m 2 0
12.01m-13m 1 1 0.2 0
37.01m-38m 1 0

Townhouses % 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 0.2 0
126k-150k 1 1 0.2 6
151k-175k 4 0.7 0
176k-200k 4 0
201k-225k 5 4 0.1 7.5
226k-250k 1 7 1 1.2 0.9
251k-275k 5 2 1 0.1 15
276k-300k 2 9 2 0.8 1.3
301k-325k 8 6 0.1 8
326k-350k 2 4 0.3 3
351k-375k 4 8 2 0.3 3
376k-400k 5 13 0.4 2.3
401k-425k 1 2 0.3 3
426k-450k 6 9 1 0.3 4
451k-475k 2 1 0.1 12
476k-500k 1 4 0.7 1.5
501k-550k 7 4 0.1 10.5
551k-600k 1 3 0.5 2
601k-650k 1 1 1 0.2 6
851k-900k 1 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
2m-2.25m 2 0

Condos % 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 5 14 3 0.5 2.1
76k-100k 21 28 5 0.2 4.5
101k-125k 50 67 4 0.2 4.5
126k-150k 78 59 10 0.1 7.9
151k-175k 86 80 12 0.2 6.4
176k-200k 66 45 6 0.1 8.8
201k-225k 41 37 1 0.2 6.6
226k-250k 41 21 3 0.1 11.7
251k-275k 33 13 3 0.1 15.2
276k-300k 26 9 2 0.1 17.3
301k-325k 12 6 0.1 12
326k-350k 4 7 1 0.3 3.4
351k-375k 9 4 0.1 13.5
376k-400k 9 2 0 27
401k-425k 3 2 0.1 9
426k-450k 5 0
451k-475k 3 1 0.1 18
476k-500k 4 0
501k-550k 7 4 1 0.1 10.5
551k-600k 8 3 0.1 16
601k-650k 4 0
651k-700k 4 2 0.1 12
701k-750k 2 1 0.1 12
751k-800k 4 0
801k-850k 7 1 0 42
851k-900k 8 0
901k-950k 4 1 0 24
951k-1m 3 3 1 0.2 6
1m-1.1m 2 3 0.3 4
1.1m-1.2m 4 0
1.2m-1.3m 2 0
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 3 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 3 0
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 2 0
4m-4.5m 1 0
4.5m-5m 1 0

Land % 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 0
76k-100k 2 1 0.1 12
101k-125k 2 4 0.3 3
126k-150k 3 2 0.1 9
151k-175k 1 1 0.2 6
176k-200k 1 0
201k-225k 2 1 1 0.1 12
276k-300k 2 1 0.1 12
376k-400k 2 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
901k-950k 1 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 2 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 1 0