Supply & Demand in St. Cloud, 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 1 0
126k-150k 1 0.2 0
151k-175k 3 1 0.5 0
176k-200k 3 1 0.1 18
201k-225k 1 9 1.5 0.7
226k-250k 2 5 3 0.4 2.4
251k-275k 7 10 1 0.2 4.2
276k-300k 15 17 3 0.2 5.3
301k-325k 18 42 3 0.4 2.6
326k-350k 30 55 9 0.3 3.3
351k-375k 56 65 15 0.2 5.2
376k-400k 96 133 28 0.2 4.3
401k-425k 81 138 27 0.3 3.5
426k-450k 98 100 11 0.2 5.9
451k-475k 62 74 14 0.2 5
476k-500k 56 84 15 0.3 4
501k-550k 88 83 13 0.2 6.4
551k-600k 60 60 11 0.2 6
601k-650k 41 37 4 0.2 6.6
651k-700k 34 18 3 0.1 11.3
701k-750k 14 15 5 0.2 5.6
751k-800k 10 9 1 0.2 6.7
801k-850k 10 6 1 0.1 10
851k-900k 22 6 1 0 22
901k-950k 3 2 0.1 9
951k-1m 11 0
1m-1.1m 3 6 3 0.3 3
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 2 1 1 0.1 12
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 3 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 1 0.2 0
176k-200k 2 1 0.1 12
201k-225k 2 2 1 0.2 6
226k-250k 4 7 2 0.3 3.4
251k-275k 9 8 1 0.1 6.8
276k-300k 14 12 1 0.1 7
301k-325k 19 38 6 0.3 3
326k-350k 41 70 11 0.3 3.5
351k-375k 31 15 2 0.1 12.4
376k-400k 9 3 0.1 18
401k-425k 10 1 0 60
426k-450k 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
101k-125k 4 3 2 0.1 8
126k-150k 8 1 0 48
151k-175k 3 1 0.1 18
251k-275k 1 0.2 0
501k-550k 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
1k-25k 31 12 2 0.1 15.5
26k-50k 64 4 2 0 96
51k-75k 13 4 3 0.1 19.5
76k-100k 4 5 0.2 4.8
101k-125k 2 0.3 0
126k-150k 15 8 0.1 11.3
151k-175k 10 0
176k-200k 4 2 0.1 12
201k-225k 4 7 1 0.3 3.4
226k-250k 4 5 2 0.2 4.8
251k-275k 2 0
276k-300k 8 0
301k-325k 3 1 0.1 18
351k-375k 1 1 1 0.2 6
376k-400k 5 0
401k-425k 2 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 1 0.1 12
501k-550k 1 0
551k-600k 4 1 1 0 24
651k-700k 2 0
701k-750k 2 0
751k-800k 3 0
801k-850k 2 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
2m-2.25m 1 0.2 0
3m-3.5m 2 0
6.01m-7m 2 0
15.01m-16m 1 0
17.01m-18m 1 0