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 0.3 0
151k-175k 2 2 0.2 6
176k-200k 1 2 0.3 3
201k-225k 2 9 1 0.8 1.3
226k-250k 5 4 1 0.1 7.5
251k-275k 3 15 1 0.8 1.2
276k-300k 11 20 1 0.3 3.3
301k-325k 13 49 6 0.6 1.6
326k-350k 32 64 7 0.3 3
351k-375k 53 68 9 0.2 4.7
376k-400k 108 124 18 0.2 5.2
401k-425k 91 126 24 0.2 4.3
426k-450k 85 108 17 0.2 4.7
451k-475k 53 70 9 0.2 4.5
476k-500k 66 73 9 0.2 5.4
501k-550k 95 88 8 0.2 6.5
551k-600k 57 55 3 0.2 6.2
601k-650k 45 37 7 0.1 7.3
651k-700k 33 18 4 0.1 11
701k-750k 12 12 2 0.2 6
751k-800k 4 11 0.5 2.2
801k-850k 8 5 1 0.1 9.6
851k-900k 15 6 2 0.1 15
901k-950k 4 4 1 0.2 6
951k-1m 6 1 0 36
1m-1.1m 7 2 0 21
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 1 0.1 18
1.4m-1.5m 1 0
1.5m-1.6m 2 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 1 0.2 6
176k-200k 2 0
201k-225k 1 3 0.5 2
226k-250k 3 6 0.3 3
251k-275k 7 8 1 0.2 5.3
276k-300k 13 17 3 0.2 4.6
301k-325k 14 37 3 0.4 2.3
326k-350k 41 80 8 0.3 3.1
351k-375k 27 20 1 0.1 8.1
376k-400k 9 12 0.2 4.5
401k-425k 5 3 1 0.1 10
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 4 1 0 24
126k-150k 3 1 0.1 18
151k-175k 3 1 1 0.1 18
201k-225k 2 0.3 0
226k-250k 1 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 29 9 5 0.1 19.3
26k-50k 64 3 1 0 128
51k-75k 15 3 0 30
76k-100k 4 5 0.2 4.8
101k-125k 1 6 1 1 1
126k-150k 13 8 0.1 9.8
151k-175k 10 1 0 60
176k-200k 5 2 0.1 15
201k-225k 4 4 0.2 6
226k-250k 6 3 1 0.1 12
251k-275k 3 0
276k-300k 7 0
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 1 0
376k-400k 4 0
401k-425k 2 0
426k-450k 5 0
476k-500k 1 1 1 0.2 6
501k-550k 1 1 0.2 6
551k-600k 5 0
701k-750k 2 0
751k-800k 3 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 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
3.5m-4m 1 0
5.01m-6m 1 0
6.01m-7m 2 0
15.01m-16m 1 0
17.01m-18m 1 0