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 1 4 0.7 1.5
76k-100k 3 5 1 0.3 3.6
101k-125k 3 6 2 0.3 3
126k-150k 12 7 0.1 10.3
151k-175k 11 10 3 0.2 6.6
176k-200k 9 11 2 0.2 4.9
201k-225k 3 11 2 0.6 1.6
226k-250k 9 14 2 0.3 3.9
251k-275k 8 26 5 0.5 1.8
276k-300k 23 33 5 0.2 4.2
301k-325k 14 45 9 0.5 1.9
326k-350k 20 52 7 0.4 2.3
351k-375k 16 47 7 0.5 2
376k-400k 23 56 11 0.4 2.5
401k-425k 27 46 7 0.3 3.5
426k-450k 19 31 4 0.3 3.7
451k-475k 17 42 6 0.4 2.4
476k-500k 20 24 6 0.2 5
501k-550k 23 44 4 0.3 3.1
551k-600k 20 36 6 0.3 3.3
601k-650k 15 23 3 0.3 3.9
651k-700k 12 16 4 0.2 4.5
701k-750k 10 16 2 0.3 3.8
751k-800k 6 11 0.3 3.3
801k-850k 7 7 5 0.2 6
851k-900k 5 3 0.1 10
901k-950k 2 3 0.3 4
951k-1m 1 1 0.2 6
1m-1.1m 5 7 1 0.2 4.3
1.1m-1.2m 5 4 1 0.1 7.5
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 4 0.7 0
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 4 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 1 0.2 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 0.2 0
151k-175k 1 4 0.7 1.5
176k-200k 2 2 1 0.2 6
201k-225k 4 3 1 0.1 8
226k-250k 4 6 0.3 4
251k-275k 2 2 0.2 6
276k-300k 3 7 1 0.4 2.6
301k-325k 4 7 1 0.3 3.4
326k-350k 4 2 0.1 12
351k-375k 4 7 1 0.3 3.4
376k-400k 4 11 1 0.5 2.2
401k-425k 6 1 0 36
426k-450k 5 9 0.3 3.3
451k-475k 1 0
476k-500k 2 2 1 0.2 6
501k-550k 8 3 0.1 16
551k-600k 2 3 1 0.3 4
601k-650k 1 1 0.2 6
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 1 0.2 0
1.2m-1.3m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 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 1 0.2 0
51k-75k 6 10 2 0.3 3.6
76k-100k 18 27 6 0.3 4
101k-125k 45 59 11 0.2 4.6
126k-150k 89 50 7 0.1 10.7
151k-175k 87 68 9 0.1 7.7
176k-200k 67 50 14 0.1 8
201k-225k 44 31 6 0.1 8.5
226k-250k 48 21 5 0.1 13.7
251k-275k 32 14 3 0.1 13.7
276k-300k 19 8 1 0.1 14.3
301k-325k 14 6 1 0.1 14
326k-350k 10 4 0.1 15
351k-375k 8 2 0 24
376k-400k 6 1 0 36
401k-425k 4 2 0.1 12
426k-450k 6 0
451k-475k 5 1 0 30
476k-500k 6 0
501k-550k 4 4 0.2 6
551k-600k 6 3 0.1 12
601k-650k 3 0
651k-700k 3 1 1 0.1 18
701k-750k 2 2 0.2 6
751k-800k 4 1 1 0 24
801k-850k 10 2 1 0 30
851k-900k 6 1 1 0 36
901k-950k 3 0
951k-1m 3 3 0.2 6
1m-1.1m 1 3 0.5 2
1.1m-1.2m 4 1 0 24
1.2m-1.3m 1 0
1.3m-1.4m 4 1 0 24
1.4m-1.5m 3 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 1 0.1 12
2.5m-2.75m 1 0
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 2 2 1 0.2 6
101k-125k 4 3 0.1 8
126k-150k 4 2 0.1 12
151k-175k 4 2 0.7 0
176k-200k 2 0
201k-225k 2 1 0.1 12
226k-250k 2 0
276k-300k 1 0.2 0
376k-400k 2 0
426k-450k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 2 0
601k-650k 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
6.01m-7m 1 0