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 % 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 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 1 13 4 2.2 0.5
126k-150k 3 24 3 1.3 0.8
151k-175k 6 23 2 0.6 1.6
176k-200k 6 47 9 1.3 0.8
201k-225k 16 61 6 0.6 1.6
226k-250k 24 67 6 0.5 2.1
251k-275k 39 72 9 0.3 3.3
276k-300k 60 109 13 0.3 3.3
301k-325k 44 109 22 0.4 2.4
326k-350k 69 121 21 0.3 3.4
351k-375k 59 80 13 0.2 4.4
376k-400k 80 107 17 0.2 4.5
401k-425k 54 59 8 0.2 5.5
426k-450k 47 68 8 0.2 4.1
451k-475k 30 54 6 0.3 3.3
476k-500k 57 49 6 0.1 7
501k-550k 67 94 15 0.2 4.3
551k-600k 61 76 5 0.2 4.8
601k-650k 40 52 6 0.2 4.6
651k-700k 54 53 8 0.2 6.1
701k-750k 28 42 3 0.3 4
751k-800k 32 46 6 0.2 4.2
801k-850k 26 31 4 0.2 5
851k-900k 14 25 3 0.3 3.4
901k-950k 17 26 3 0.3 3.9
951k-1m 26 16 4 0.1 9.8
1m-1.1m 10 23 1 0.4 2.6
1.1m-1.2m 26 22 3 0.1 7.1
1.2m-1.3m 28 14 1 0.1 12
1.3m-1.4m 32 20 4 0.1 9.6
1.4m-1.5m 20 10 1 0.1 12
1.5m-1.6m 11 12 0.2 5.5
1.6m-1.7m 9 10 3 0.2 5.4
1.7m-1.8m 10 6 1 0.1 10
1.8m-1.9m 13 3 1 0 26
1.9m-2m 12 1 1 0 72
2m-2.25m 9 6 1 0.1 9
2.25m-2.5m 14 5 0.1 16.8
2.5m-2.75m 16 4 1 0 24
2.75m-3m 14 7 1 0.1 12
3m-3.5m 9 7 1 0.1 7.7
3.5m-4m 10 8 3 0.1 7.5
4m-4.5m 9 2 0 27
4.5m-5m 6 1 0 36
5.01m-6m 10 1 0 60
6.01m-7m 1 0
7.01m-8m 2 1 0.1 12
8.01m-9m 1 1 0.2 6
9.01m-10m 2 0
10.01m-11m 1 0
13.01m-14m 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 4 1 0.7 0
151k-175k 1 2 1 0.3 3
176k-200k 1 0
201k-225k 2 1 0.1 12
226k-250k 6 3 0.1 12
251k-275k 4 3 1 0.1 8
276k-300k 2 2 0.2 6
301k-325k 1 3 1 0.5 2
326k-350k 1 2 1 0.3 3
351k-375k 5 3 0.1 10
376k-400k 4 6 0.3 4
401k-425k 2 5 0.4 2.4
426k-450k 4 3 1 0.1 8
451k-475k 1 2 1 0.3 3
476k-500k 6 2 0.1 18
501k-550k 4 3 0.1 8
551k-600k 11 8 1 0.1 8.3
601k-650k 10 12 1 0.2 5
651k-700k 12 14 4 0.2 5.1
701k-750k 9 9 1 0.2 6
751k-800k 12 7 0.1 10.3
801k-850k 12 9 0.1 8
851k-900k 2 0
901k-950k 6 1 0 36
951k-1m 10 1 1 0 60
1m-1.1m 3 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
3m-3.5m 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 2 0.3 0
51k-75k 15 21 10 0.2 4.3
76k-100k 42 44 4 0.2 5.7
101k-125k 58 63 7 0.2 5.5
126k-150k 82 39 6 0.1 12.6
151k-175k 62 26 2 0.1 14.3
176k-200k 62 31 4 0.1 12
201k-225k 50 25 3 0.1 12
226k-250k 52 14 3 0 22.3
251k-275k 34 11 5 0.1 18.5
276k-300k 42 22 4 0.1 11.5
301k-325k 23 14 3 0.1 9.9
326k-350k 29 9 3 0.1 19.3
351k-375k 22 5 1 0 26.4
376k-400k 37 11 4 0 20.2
401k-425k 15 5 1 0.1 18
426k-450k 24 13 2 0.1 11.1
451k-475k 9 1 0 54
476k-500k 16 2 0 48
501k-550k 26 12 5 0.1 13
551k-600k 14 11 2 0.1 7.6
601k-650k 16 14 3 0.1 6.9
651k-700k 12 0
701k-750k 16 6 1 0.1 16
751k-800k 9 2 1 0 27
801k-850k 7 8 3 0.2 5.3
851k-900k 7 9 3 0.2 4.7
901k-950k 7 10 2 0.2 4.2
951k-1m 9 7 2 0.1 7.7
1m-1.1m 5 20 7 0.7 1.5
1.1m-1.2m 16 30 16 0.3 3.2
1.2m-1.3m 13 24 18 0.3 3.3
1.3m-1.4m 9 16 5 0.3 3.4
1.4m-1.5m 8 15 6 0.3 3.2
1.5m-1.6m 3 21 4 1.2 0.9
1.6m-1.7m 6 21 13 0.6 1.7
1.7m-1.8m 10 21 5 0.4 2.9
1.8m-1.9m 5 10 5 0.3 3
1.9m-2m 8 10 3 0.2 4.8
2m-2.25m 14 23 11 0.3 3.7
2.25m-2.5m 9 16 7 0.3 3.4
2.5m-2.75m 6 12 7 0.3 3
2.75m-3m 5 8 5 0.3 3.8
3m-3.5m 3 4 3 0.2 4.5
3.5m-4m 4 1 0 24
4m-4.5m 1 0
4.5m-5m 2 2 0.2 6
5.01m-6m 3 1 1 0.1 18
6.01m-7m 2 0
7.01m-8m 1 1 1 0.2 6

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 1 0.2 6
51k-75k 1 5 3 0.8 1.2
76k-100k 6 8 3 0.2 4.5
101k-125k 3 10 1 0.6 1.8
126k-150k 6 4 1 0.1 9
151k-175k 3 5 0.3 3.6
176k-200k 7 2 0 21
201k-225k 3 4 0.2 4.5
226k-250k 1 2 0.3 3
251k-275k 1 2 0.3 3
276k-300k 10 0
301k-325k 1 2 0.3 3
326k-350k 3 1 0.1 18
351k-375k 2 1 0.1 12
376k-400k 2 4 1 0.3 3
401k-425k 1 1 0.2 0
426k-450k 1 1 0.2 6
451k-475k 1 0
476k-500k 2 0
501k-550k 7 1 0 42
551k-600k 6 2 1 0.1 18
601k-650k 6 1 0 36
651k-700k 3 2 1 0.1 9
701k-750k 1 1 0.2 6
751k-800k 4 2 0.1 12
801k-850k 5 1 1 0 30
851k-900k 3 1 0.1 18
901k-950k 1 0.2 0
951k-1m 1 1 1 0.2 6
1m-1.1m 4 1 1 0 24
1.1m-1.2m 1 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 4 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 2 1 0.3 0
9.01m-10m 2 0