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 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
76k-100k 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 1 2 0.3 3
151k-175k 4 1 0 24
176k-200k 5 3 1 0.1 10
201k-225k 8 16 1 0.3 3
226k-250k 7 22 3 0.5 1.9
251k-275k 8 11 0.2 4.4
276k-300k 11 8 1 0.1 8.3
301k-325k 10 16 5 0.3 3.8
326k-350k 16 37 5 0.4 2.6
351k-375k 14 27 2 0.3 3.1
376k-400k 17 23 5 0.2 4.4
401k-425k 10 39 7 0.7 1.5
426k-450k 13 30 8 0.4 2.6
451k-475k 10 27 1 0.5 2.2
476k-500k 20 25 5 0.2 4.8
501k-550k 27 48 9 0.3 3.4
551k-600k 15 29 3 0.3 3.1
601k-650k 25 25 7 0.2 6
651k-700k 16 17 3 0.2 5.6
701k-750k 10 18 2 0.3 3.3
751k-800k 15 16 3 0.2 5.6
801k-850k 12 18 3 0.3 4
851k-900k 12 7 0.1 10.3
901k-950k 4 5 1 0.2 4.8
951k-1m 3 6 1 0.3 3
1m-1.1m 8 10 2 0.2 4.8
1.1m-1.2m 6 5 1 0.1 7.2
1.2m-1.3m 5 7 1 0.2 4.3
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 2 0.3 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0
4m-4.5m 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
201k-225k 3 6 1 0.3 3
226k-250k 1 4 0.7 1.5
251k-275k 5 9 2 0.3 3.3
276k-300k 6 12 3 0.3 3
301k-325k 4 8 1 0.3 3
326k-350k 2 7 1 0.6 1.7
351k-375k 11 7 0.1 9.4
376k-400k 7 9 2 0.2 4.7
401k-425k 2 4 3 0.3 3
426k-450k 2 1 0.1 12
451k-475k 2 0
476k-500k 5 0
501k-550k 3 3 1 0.2 6
551k-600k 2 0
601k-650k 2 1 0.3 0
701k-750k 3 2 0.1 9
901k-950k 1 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
101k-125k 5 1 0.8 0
126k-150k 7 12 4 0.3 3.5
151k-175k 23 16 1 0.1 8.6
176k-200k 28 11 3 0.1 15.3
201k-225k 19 12 1 0.1 9.5
226k-250k 23 10 0.1 13.8
251k-275k 13 3 1 0 26
276k-300k 16 4 1 0 24
301k-325k 4 1 1 0 24
326k-350k 8 6 0.1 8
351k-375k 4 2 0.1 12
376k-400k 4 4 2 0.2 6
401k-425k 5 1 0 30
426k-450k 1 1 0.2 6
451k-475k 1 1 0.2 6
476k-500k 4 0
501k-550k 3 2 0.1 9
551k-600k 9 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
26k-50k 1 0
126k-150k 1 0
176k-200k 3 1 1 0.1 18
226k-250k 1 0
251k-275k 1 0
276k-300k 4 0
301k-325k 1 0
326k-350k 1 0.2 0
376k-400k 1 0
401k-425k 2 0
451k-475k 1 0
551k-600k 1 0
651k-700k 2 0
801k-850k 2 0
1.1m-1.2m 1 0
1.4m-1.5m 2 0
2m-2.25m 1 0