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 0% 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 3 2 0.1 9
126k-150k 3 2 1 0.1 9
151k-175k 2 3 0.3 4
176k-200k 3 4 0.2 4.5
201k-225k 8 10 1 0.2 4.8
226k-250k 8 16 5 0.3 3
251k-275k 16 21 3 0.2 4.6
276k-300k 17 30 5 0.3 3.4
301k-325k 8 34 6 0.7 1.4
326k-350k 16 36 5 0.4 2.7
351k-375k 15 32 2 0.4 2.8
376k-400k 24 42 11 0.3 3.4
401k-425k 9 19 3 0.4 2.8
426k-450k 20 27 3 0.2 4.4
451k-475k 8 29 4 0.6 1.7
476k-500k 17 24 3 0.2 4.3
501k-550k 26 17 2 0.1 9.2
551k-600k 17 29 5 0.3 3.5
601k-650k 10 14 2 0.2 4.3
651k-700k 4 11 2 0.5 2.2
701k-750k 7 7 2 0.2 6
751k-800k 5 8 2 0.3 3.8
801k-850k 3 3 0.2 6
851k-900k 2 1 1 0.1 12
901k-950k 2 2 0.2 6
951k-1m 3 5 1 0.3 3.6
1m-1.1m 4 0.7 0
1.1m-1.2m 2 4 0.3 3
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 3 0.3 4
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
3.5m-4m 1 0
10.01m-11m 1 0

Townhouses 0% 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 1 0.2 0
151k-175k 1 0.2 0
176k-200k 4 2 0.1 12
201k-225k 1 6 2 1 1
226k-250k 10 8 3 0.1 7.5
251k-275k 9 2 1.5 0
276k-300k 1 3 1 0.5 2
301k-325k 3 3 1 0.2 6
326k-350k 1 4 0.7 1.5
351k-375k 1 1 0.2 6
376k-400k 3 9 3 0.5 2
401k-425k 3 12 3 0.7 1.5
426k-450k 3 0.5 0
451k-475k 1 2 0.3 3
476k-500k 1 0.2 0
551k-600k 1 0.2 0

Condos 0% 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 1 0.3 0
76k-100k 4 7 0.3 3.4
101k-125k 10 11 3 0.2 5.5
126k-150k 25 11 0.1 13.6
151k-175k 16 12 3 0.1 8
176k-200k 30 7 2 0 25.7
201k-225k 17 13 0.1 7.8
226k-250k 15 5 1 0.1 18
251k-275k 10 6 3 0.1 10
276k-300k 4 4 1 0.2 6
301k-325k 4 6 1 0.3 4
326k-350k 4 3 0.1 8
351k-375k 5 3 0.1 10
376k-400k 5 5 2 0.2 6
401k-425k 2 2 0.2 6
426k-450k 1 2 0.3 3
451k-475k 2 0.3 0
501k-550k 6 0
551k-600k 6 1 0 36
601k-650k 1 0

Land 0% 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 1 0.3 0
76k-100k 1 0.2 0
101k-125k 1 0
126k-150k 1 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 1 0
401k-425k 1 0
476k-500k 1 0
901k-950k 1 0
951k-1m 3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0