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
126k-150k 1 2 0.3 3
151k-175k 4 1 0 24
176k-200k 6 3 1 0.1 12
201k-225k 7 16 1 0.4 2.6
226k-250k 7 22 2 0.5 1.9
251k-275k 8 12 1 0.3 4
276k-300k 11 9 2 0.1 7.3
301k-325k 11 16 5 0.2 4.1
326k-350k 15 38 5 0.4 2.4
351k-375k 14 27 1 0.3 3.1
376k-400k 19 25 6 0.2 4.6
401k-425k 12 39 6 0.5 1.8
426k-450k 17 30 8 0.3 3.4
451k-475k 11 28 2 0.4 2.4
476k-500k 18 25 5 0.2 4.3
501k-550k 25 48 8 0.3 3.1
551k-600k 18 29 3 0.3 3.7
601k-650k 25 26 6 0.2 5.8
651k-700k 18 16 2 0.1 6.8
701k-750k 9 18 2 0.3 3
751k-800k 13 15 3 0.2 5.2
801k-850k 10 16 0.3 3.8
851k-900k 12 7 0.1 10.3
901k-950k 4 5 1 0.2 4.8
951k-1m 3 5 1 0.3 3.6
1m-1.1m 7 11 2 0.3 3.8
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 3 1 0.5 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 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 2 6 1 0.5 2
226k-250k 1 4 0.7 1.5
251k-275k 4 9 2 0.4 2.7
276k-300k 7 12 3 0.3 3.5
301k-325k 3 9 2 0.5 2
326k-350k 3 7 1 0.4 2.6
351k-375k 10 7 0.1 8.6
376k-400k 7 9 1 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 3 0.3 3.5
151k-175k 22 16 1 0.1 8.3
176k-200k 29 11 3 0.1 15.8
201k-225k 23 12 1 0.1 11.5
226k-250k 20 9 0.1 13.3
251k-275k 14 4 2 0 21
276k-300k 15 4 1 0 22.5
301k-325k 5 1 1 0 30
326k-350k 8 5 0.1 9.6
351k-375k 4 2 0.1 12
376k-400k 4 4 1 0.2 6
401k-425k 5 1 0 30
426k-450k 1 1 0.2 6
451k-475k 2 1 0.1 12
476k-500k 3 0
501k-550k 3 2 0.1 9
551k-600k 10 0
701k-750k 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
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 2 0
301k-325k 1 0
326k-350k 1 0.2 0
376k-400k 1 0
401k-425k 2 0
451k-475k 1 0
501k-550k 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