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 % 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 1 0.2 0
126k-150k 2 1 0.3 0
151k-175k 1 3 1 0.5 2
176k-200k 1 3 0.5 2
201k-225k 3 8 2 0.4 2.3
226k-250k 7 12 0.3 3.5
251k-275k 3 18 3 1 1
276k-300k 7 28 4 0.7 1.5
301k-325k 14 36 6 0.4 2.3
326k-350k 31 77 8 0.4 2.4
351k-375k 39 78 6 0.3 3
376k-400k 93 121 15 0.2 4.6
401k-425k 87 122 13 0.2 4.3
426k-450k 102 126 17 0.2 4.9
451k-475k 60 75 8 0.2 4.8
476k-500k 68 85 18 0.2 4.8
501k-550k 82 98 12 0.2 5
551k-600k 79 69 5 0.1 6.9
601k-650k 47 34 4 0.1 8.3
651k-700k 32 22 2 0.1 8.7
701k-750k 15 13 2 0.1 6.9
751k-800k 9 14 1 0.3 3.9
801k-850k 11 9 1 0.1 7.3
851k-900k 11 3 1 0 22
901k-950k 4 5 0.2 4.8
951k-1m 5 1 0 30
1m-1.1m 9 3 1 0.1 18
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 2 0.1 9
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 4 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
151k-175k 1 0.2 0
176k-200k 3 0
201k-225k 1 4 1 0.7 1.5
226k-250k 3 4 0.2 4.5
251k-275k 6 6 0.2 6
276k-300k 13 18 2 0.2 4.3
301k-325k 19 39 6 0.3 2.9
326k-350k 27 74 14 0.5 2.2
351k-375k 21 36 2 0.3 3.5
376k-400k 17 17 0.2 6
401k-425k 12 3 0 24
426k-450k 3 0
451k-475k 1 0.2 0
476k-500k 1 0.2 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 3 5 0.3 3.6
126k-150k 6 1 1 0 36
151k-175k 2 0
201k-225k 2 0.3 0
226k-250k 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
1k-25k 38 5 2 0 45.6
26k-50k 66 5 0 79.2
51k-75k 15 3 1 0 30
76k-100k 2 8 1 0.7 1.5
101k-125k 2 5 0.4 2.4
126k-150k 12 8 5 0.1 9
151k-175k 7 3 0.1 14
176k-200k 4 2 2 0.1 12
201k-225k 3 4 0.2 4.5
226k-250k 8 1 1 0 48
251k-275k 3 2 0.1 9
276k-300k 6 0
301k-325k 5 1 1 0 30
326k-350k 5 1 0 30
351k-375k 1 0
376k-400k 4 0
401k-425k 1 0
426k-450k 5 0
451k-475k 1 0
476k-500k 3 0
501k-550k 1 1 0.2 6
551k-600k 5 1 0 30
601k-650k 1 0
701k-750k 2 0
751k-800k 3 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
3m-3.5m 2 0
3.5m-4m 2 0
6.01m-7m 2 0
9.01m-10m 1 0
15.01m-16m 1 0
17.01m-18m 1 0