Supply & Demand in St. Petersburg, 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
51k-75k 1 2 0.3 3
76k-100k 4 0.7 0
101k-125k 1 13 2.2 0.5
126k-150k 1 16 2.7 0.4
151k-175k 1 24 2 4 0.3
176k-200k 6 35 4 1 1
201k-225k 11 55 11 0.8 1.2
226k-250k 22 63 12 0.5 2.1
251k-275k 26 67 12 0.4 2.3
276k-300k 52 105 23 0.3 3
301k-325k 44 110 22 0.4 2.4
326k-350k 74 120 20 0.3 3.7
351k-375k 44 99 16 0.4 2.7
376k-400k 70 109 22 0.3 3.9
401k-425k 36 75 13 0.3 2.9
426k-450k 47 71 14 0.3 4
451k-475k 40 53 11 0.2 4.5
476k-500k 57 51 12 0.1 6.7
501k-550k 78 108 23 0.2 4.3
551k-600k 60 67 19 0.2 5.4
601k-650k 43 48 14 0.2 5.4
651k-700k 50 58 8 0.2 5.2
701k-750k 30 41 8 0.2 4.4
751k-800k 33 38 4 0.2 5.2
801k-850k 21 23 3 0.2 5.5
851k-900k 21 30 9 0.2 4.2
901k-950k 21 31 4 0.2 4.1
951k-1m 21 19 5 0.2 6.6
1m-1.1m 18 29 11 0.3 3.7
1.1m-1.2m 29 25 5 0.1 7
1.2m-1.3m 28 20 8 0.1 8.4
1.3m-1.4m 29 28 9 0.2 6.2
1.4m-1.5m 11 16 5 0.2 4.1
1.5m-1.6m 14 16 4 0.2 5.3
1.6m-1.7m 16 16 1 0.2 6
1.7m-1.8m 12 13 5 0.2 5.5
1.8m-1.9m 9 5 3 0.1 10.8
1.9m-2m 10 5 4 0.1 12
2m-2.25m 13 10 1 0.1 7.8
2.25m-2.5m 12 6 3 0.1 12
2.5m-2.75m 17 9 3 0.1 11.3
2.75m-3m 9 10 2 0.2 5.4
3m-3.5m 11 10 3 0.2 6.6
3.5m-4m 8 9 2 0.2 5.3
4m-4.5m 9 3 1 0.1 18
4.5m-5m 5 3 1 0.1 10
5.01m-6m 10 0
6.01m-7m 2 1 1 0.1 12
7.01m-8m 2 2 1 0.2 6
10.01m-11m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
15.01m-16m 1 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 2 0.3 3
176k-200k 2 1 1 0.1 12
201k-225k 2 2 1 0.2 6
226k-250k 7 0
251k-275k 4 6 1 0.3 4
276k-300k 5 2 0.1 15
301k-325k 1 4 2 0.7 1.5
326k-350k 3 5 2 0.3 3.6
351k-375k 2 6 3 0.5 2
376k-400k 6 3 0.1 12
401k-425k 3 4 2 0.2 4.5
426k-450k 11 4 0.1 16.5
451k-475k 3 4 2 0.2 4.5
476k-500k 4 5 1 0.2 4.8
501k-550k 9 9 0.2 6
551k-600k 14 5 1 0.1 16.8
601k-650k 13 18 4 0.2 4.3
651k-700k 9 14 3 0.3 3.9
701k-750k 10 8 0.1 7.5
751k-800k 11 10 3 0.2 6.6
801k-850k 7 6 0.1 7
851k-900k 15 2 1 0 45
901k-950k 7 3 2 0.1 14
951k-1m 2 1 0.1 12
1m-1.1m 4 2 0.1 12
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 3 5 3 0.3 3.6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 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
26k-50k 4 1 0.7 0
51k-75k 12 39 7 0.5 1.8
76k-100k 48 49 11 0.2 5.9
101k-125k 80 59 13 0.1 8.1
126k-150k 95 49 9 0.1 11.6
151k-175k 62 29 5 0.1 12.8
176k-200k 67 36 11 0.1 11.2
201k-225k 44 25 3 0.1 10.6
226k-250k 46 19 2 0.1 14.5
251k-275k 27 27 9 0.2 6
276k-300k 36 25 8 0.1 8.6
301k-325k 31 12 2 0.1 15.5
326k-350k 39 23 6 0.1 10.2
351k-375k 20 17 5 0.1 7.1
376k-400k 18 18 3 0.2 6
401k-425k 9 8 3 0.1 6.8
426k-450k 20 9 1 0.1 13.3
451k-475k 5 3 0.1 10
476k-500k 17 9 0.1 11.3
501k-550k 17 15 5 0.1 6.8
551k-600k 12 17 4 0.2 4.2
601k-650k 17 11 2 0.1 9.3
651k-700k 18 7 2 0.1 15.4
701k-750k 7 7 0.2 6
751k-800k 7 4 2 0.1 10.5
801k-850k 2 9 0.8 1.3
851k-900k 8 12 1 0.3 4
901k-950k 4 10 0.4 2.4
951k-1m 11 10 1 0.2 6.6
1m-1.1m 10 28 0.5 2.1
1.1m-1.2m 11 39 1 0.6 1.7
1.2m-1.3m 12 36 1 0.5 2
1.3m-1.4m 14 26 1 0.3 3.2
1.4m-1.5m 4 22 1 0.9 1.1
1.5m-1.6m 2 30 2.5 0.4
1.6m-1.7m 10 36 3 0.6 1.7
1.7m-1.8m 10 27 1 0.5 2.2
1.8m-1.9m 9 22 3 0.4 2.5
1.9m-2m 9 19 3 0.4 2.8
2m-2.25m 13 48 3 0.6 1.6
2.25m-2.5m 15 33 2 0.4 2.7
2.5m-2.75m 1 19 1 3.2 0.3
2.75m-3m 6 8 1 0.2 4.5
3m-3.5m 3 26 2 1.4 0.7
3.5m-4m 4 6 0.3 4
4m-4.5m 4 1 0 24
4.5m-5m 3 5 1 0.3 3.6
5.01m-6m 1 7 1.2 0.9
6.01m-7m 3 6 2 0.3 3
7.01m-8m 1 1 0.2 6
9.01m-10m 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 3 0
26k-50k 1 0
51k-75k 2 4 0.3 3
76k-100k 10 7 1 0.1 8.6
101k-125k 6 9 1 0.3 4
126k-150k 8 3 0.1 16
151k-175k 5 3 0.1 10
176k-200k 6 0
201k-225k 4 1 0 24
226k-250k 2 0
251k-275k 6 1 1 0 36
276k-300k 7 0
301k-325k 1 1 0.2 6
326k-350k 4 1 0 24
351k-375k 2 0
376k-400k 4 3 0.1 8
401k-425k 1 2 0.3 3
426k-450k 1 3 1 0.5 2
451k-475k 2 1 1 0.1 12
476k-500k 4 2 0.1 12
501k-550k 6 2 0.1 18
551k-600k 4 3 0.1 8
601k-650k 4 1 0 24
651k-700k 2 3 0.3 4
701k-750k 3 2 0.1 9
751k-800k 4 1 0 24
801k-850k 2 1 0.1 12
851k-900k 3 1 1 0.1 18
901k-950k 3 0
951k-1m 1 1 0.2 6
1m-1.1m 2 1 0.1 12
1.1m-1.2m 3 1 1 0.1 18
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 1 0.1 12
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
4m-4.5m 2 0.3 0
9.01m-10m 2 0