Supply & Demand in Palm Harbor, 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
126k-150k 1 1 0.2 6
151k-175k 3 2 0.1 9
176k-200k 4 4 2 0.2 6
201k-225k 3 8 1 0.4 2.3
226k-250k 2 15 2 1.3 0.8
251k-275k 8 8 1 0.2 6
276k-300k 5 17 1 0.6 1.8
301k-325k 4 23 6 1 1
326k-350k 14 35 7 0.4 2.4
351k-375k 20 16 4 0.1 7.5
376k-400k 11 26 5 0.4 2.5
401k-425k 9 17 2 0.3 3.2
426k-450k 13 29 9 0.4 2.7
451k-475k 12 8 2 0.1 9
476k-500k 12 17 2 0.2 4.2
501k-550k 12 40 10 0.6 1.8
551k-600k 16 25 6 0.3 3.8
601k-650k 16 34 6 0.4 2.8
651k-700k 13 18 3 0.2 4.3
701k-750k 8 19 1 0.4 2.5
751k-800k 12 14 1 0.2 5.1
801k-850k 5 11 2 0.4 2.7
851k-900k 6 6 1 0.2 6
901k-950k 2 4 2 0.3 3
951k-1m 9 3 0.1 18
1m-1.1m 5 8 0.3 3.8
1.1m-1.2m 6 3 0.1 12
1.2m-1.3m 5 4 1 0.1 7.5
1.3m-1.4m 3 5 2 0.3 3.6
1.4m-1.5m 1 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 2 2 1 0.2 6
2.5m-2.75m 1 0.2 0
2.75m-3m 2 0
3.5m-4m 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
76k-100k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 4 0.7 1.5
226k-250k 2 4 0.3 3
251k-275k 3 9 2 0.5 2
276k-300k 3 7 1 0.4 2.6
301k-325k 2 3 1 0.3 4
326k-350k 2 2 0.2 6
351k-375k 11 8 0.1 8.3
376k-400k 5 5 0.2 6
401k-425k 3 4 0.2 4.5
426k-450k 2 0
451k-475k 2 0
476k-500k 6 0
501k-550k 2 1 0.1 12
601k-650k 1 2 0.3 3
651k-700k 4 0
701k-750k 3 0
751k-800k 1 0.2 0
901k-950k 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
76k-100k 1 1 0.2 6
101k-125k 1 3 1 0.5 2
126k-150k 9 14 1 0.3 3.9
151k-175k 22 16 2 0.1 8.3
176k-200k 28 13 3 0.1 12.9
201k-225k 20 11 1 0.1 10.9
226k-250k 17 9 1 0.1 11.3
251k-275k 16 5 1 0.1 19.2
276k-300k 19 4 1 0 28.5
301k-325k 3 4 1 0.2 4.5
326k-350k 9 3 1 0.1 18
351k-375k 5 2 0.1 15
376k-400k 8 4 0.1 12
401k-425k 5 0
426k-450k 1 0
451k-475k 2 0
476k-500k 3 1 0.1 18
501k-550k 4 1 1 0 24
551k-600k 5 1 0 30
601k-650k 1 0
701k-750k 2 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
26k-50k 1 0
101k-125k 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 4 0
301k-325k 4 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 2 0
401k-425k 1 0
451k-475k 1 0
551k-600k 3 0
651k-700k 1 0
801k-850k 2 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 2 0
1.9m-2m 1 0