Supply & Demand in Largo, 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
26k-50k 1 0.2 0
101k-125k 3 4 0.2 4.5
126k-150k 2 2 0.2 6
151k-175k 4 4 2 0.2 6
176k-200k 5 4 0.1 7.5
201k-225k 4 6 0.3 4
226k-250k 5 29 6 1 1
251k-275k 5 16 2 0.5 1.9
276k-300k 9 25 1 0.5 2.2
301k-325k 7 30 3 0.7 1.4
326k-350k 9 42 7 0.8 1.3
351k-375k 17 31 6 0.3 3.3
376k-400k 11 36 4 0.5 1.8
401k-425k 18 22 5 0.2 4.9
426k-450k 18 24 5 0.2 4.5
451k-475k 9 26 6 0.5 2.1
476k-500k 6 20 7 0.6 1.8
501k-550k 18 31 6 0.3 3.5
551k-600k 13 18 1 0.2 4.3
601k-650k 10 14 3 0.2 4.3
651k-700k 9 9 2 0.2 6
701k-750k 7 6 0.1 7
751k-800k 2 5 2 0.4 2.4
801k-850k 3 2 1 0.1 9
851k-900k 3 4 1 0.2 4.5
901k-950k 1 3 0.5 2
951k-1m 1 0.2 0
1m-1.1m 1 3 1 0.5 2
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 3 1 0.1 18
1.4m-1.5m 1 0
1.6m-1.7m 3 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 1 0.2 0
3m-3.5m 1 1 0.2 0
3.5m-4m 2 0
7.01m-8m 1 0
8.01m-9m 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
126k-150k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 2 0.3 3
201k-225k 2 7 1 0.6 1.7
226k-250k 2 11 1 0.9 1.1
251k-275k 2 6 1 0.5 2
276k-300k 2 1 0.1 12
301k-325k 1 1 0.2 6
326k-350k 1 0.2 0
351k-375k 1 1 1 0.2 6
376k-400k 3 9 0.5 2
401k-425k 3 5 0.3 3.6
426k-450k 2 5 1 0.4 2.4
451k-475k 1 0
476k-500k 2 1 0.1 12
551k-600k 1 0.2 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 3 1 0.5 0
76k-100k 8 4 2 0.1 12
101k-125k 8 10 1 0.2 4.8
126k-150k 19 15 3 0.1 7.6
151k-175k 16 21 7 0.2 4.6
176k-200k 25 6 1 0 25
201k-225k 14 8 3 0.1 10.5
226k-250k 10 4 1 0.1 15
251k-275k 6 5 0.1 7.2
276k-300k 5 5 1 0.2 6
301k-325k 13 2 1 0 39
326k-350k 7 3 0.1 14
351k-375k 3 3 1 0.2 6
376k-400k 7 3 0.1 14
401k-425k 2 4 2 0.3 3
426k-450k 4 0
476k-500k 6 0
501k-550k 3 1 0.1 18
551k-600k 5 0
601k-650k 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
51k-75k 1 2 0.3 3
76k-100k 1 0.2 0
126k-150k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 0
201k-225k 1 1 0.2 6
276k-300k 1 0.2 0
326k-350k 1 0
376k-400k 1 1 0.2 0
751k-800k 2 0
801k-850k 1 0
1m-1.1m 1 0