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 2 3 0.3 4
76k-100k 2 7 2 0.6 1.7
101k-125k 5 6 0.2 5
126k-150k 14 7 1 0.1 12
151k-175k 9 12 4 0.2 4.5
176k-200k 9 9 0.2 6
201k-225k 2 14 7 1.2 0.9
226k-250k 10 19 4 0.3 3.2
251k-275k 5 24 2 0.8 1.3
276k-300k 22 39 9 0.3 3.4
301k-325k 18 45 7 0.4 2.4
326k-350k 21 52 9 0.4 2.4
351k-375k 23 44 4 0.3 3.1
376k-400k 33 59 9 0.3 3.4
401k-425k 19 45 8 0.4 2.5
426k-450k 17 38 10 0.4 2.7
451k-475k 14 42 5 0.5 2
476k-500k 18 29 5 0.3 3.7
501k-550k 27 42 6 0.3 3.9
551k-600k 27 39 8 0.2 4.2
601k-650k 16 26 3 0.3 3.7
651k-700k 10 12 1 0.2 5
701k-750k 8 13 2 0.3 3.7
751k-800k 7 11 2 0.3 3.8
801k-850k 6 10 1 0.3 3.6
851k-900k 4 5 1 0.2 4.8
901k-950k 2 2 0.2 6
951k-1m 3 2 0.1 9
1m-1.1m 6 9 2 0.3 4
1.1m-1.2m 3 4 2 0.2 4.5
1.2m-1.3m 4 1 0 24
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 4 1 0 24
1.6m-1.7m 2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 0.3 0
2.5m-2.75m 2 1 1 0.1 12
2.75m-3m 1 1 1 0.2 6
3m-3.5m 2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0
6.01m-7m 1 0
12.01m-13m 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 2 3 0.3 4
176k-200k 3 3 0.2 6
201k-225k 3 2 0.1 9
226k-250k 3 6 1 0.3 3
251k-275k 3 2 0.1 9
276k-300k 4 5 0.2 4.8
301k-325k 7 7 1 0.2 6
326k-350k 4 4 2 0.2 6
351k-375k 2 7 0.6 1.7
376k-400k 4 10 0.4 2.4
401k-425k 9 2 0 27
426k-450k 2 6 2 0.5 2
451k-475k 1 0
476k-500k 2 2 1 0.2 6
501k-550k 7 6 3 0.1 7
551k-600k 4 6 3 0.3 4
601k-650k 1 0.2 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 0.2 0
1.2m-1.3m 2 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 1 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
26k-50k 1 0.2 0
51k-75k 3 17 5 0.9 1.1
76k-100k 23 28 6 0.2 4.9
101k-125k 61 64 17 0.2 5.7
126k-150k 81 49 11 0.1 9.9
151k-175k 79 61 5 0.1 7.8
176k-200k 76 48 6 0.1 9.5
201k-225k 55 30 7 0.1 11
226k-250k 52 18 6 0.1 17.3
251k-275k 30 14 3 0.1 12.9
276k-300k 25 8 1 0.1 18.8
301k-325k 12 5 0.1 14.4
326k-350k 12 7 3 0.1 10.3
351k-375k 5 1 0 30
376k-400k 9 2 0 27
401k-425k 6 3 0.1 12
426k-450k 8 0
451k-475k 2 2 1 0.2 6
476k-500k 6 1 0 36
501k-550k 8 2 0 24
551k-600k 8 1 0 48
601k-650k 2 0
651k-700k 3 1 0.1 18
701k-750k 5 1 0 30
751k-800k 6 3 2 0.1 12
801k-850k 10 2 1 0 30
851k-900k 6 1 0 36
901k-950k 2 0
951k-1m 4 2 0.1 12
1m-1.1m 5 2 0.1 15
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 0
1.3m-1.4m 5 1 0 30
1.4m-1.5m 5 0
1.5m-1.6m 4 1 1 0 24
1.6m-1.7m 3 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0.2 0
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 3 1 0.1 18
2.75m-3m 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 3 1 0.1 18
101k-125k 1 2 0.3 3
126k-150k 2 1 0.1 12
151k-175k 5 1 0.8 0
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 2 0
276k-300k 1 0.2 0
326k-350k 2 0
376k-400k 1 0
501k-550k 2 0
551k-600k 1 0
701k-750k 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
6.01m-7m 1 0