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 2 0.3 0
76k-100k 1 3 0.5 2
101k-125k 1 7 1.2 0.9
126k-150k 2 30 6 2.5 0.4
151k-175k 6 28 2 0.8 1.3
176k-200k 9 49 10 0.9 1.1
201k-225k 24 58 16 0.4 2.5
226k-250k 32 59 12 0.3 3.3
251k-275k 44 81 17 0.3 3.3
276k-300k 69 112 16 0.3 3.7
301k-325k 50 118 17 0.4 2.5
326k-350k 81 135 30 0.3 3.6
351k-375k 70 110 12 0.3 3.8
376k-400k 96 138 21 0.2 4.2
401k-425k 60 84 10 0.2 4.3
426k-450k 60 78 11 0.2 4.6
451k-475k 44 60 7 0.2 4.4
476k-500k 42 64 12 0.3 3.9
501k-550k 71 100 19 0.2 4.3
551k-600k 81 82 11 0.2 5.9
601k-650k 44 63 10 0.2 4.2
651k-700k 40 62 7 0.3 3.9
701k-750k 37 53 10 0.2 4.2
751k-800k 39 39 5 0.2 6
801k-850k 24 29 6 0.2 5
851k-900k 24 29 5 0.2 5
901k-950k 15 22 3 0.2 4.1
951k-1m 21 17 4 0.1 7.4
1m-1.1m 21 32 6 0.3 3.9
1.1m-1.2m 22 23 5 0.2 5.7
1.2m-1.3m 21 27 4 0.2 4.7
1.3m-1.4m 23 18 5 0.1 7.7
1.4m-1.5m 22 13 3 0.1 10.2
1.5m-1.6m 14 8 1 0.1 10.5
1.6m-1.7m 10 9 0.2 6.7
1.7m-1.8m 19 6 0.1 19
1.8m-1.9m 12 10 0.1 7.2
1.9m-2m 13 4 0.1 19.5
2m-2.25m 11 3 1 0 22
2.25m-2.5m 7 6 1 0.1 7
2.5m-2.75m 12 3 0 24
2.75m-3m 15 5 0.1 18
3m-3.5m 10 6 0.1 10
3.5m-4m 9 2 0 27
4m-4.5m 7 3 0.1 14
4.5m-5m 6 1 0 36
5.01m-6m 11 1 0 66
6.01m-7m 1 1 0.2 6
7.01m-8m 2 1 0.1 12
8.01m-9m 2 2 0.2 6
9.01m-10m 3 0
11.01m-12m 1 0
14.01m-15m 1 0

Townhouses 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
126k-150k 1 2 0.3 3
151k-175k 3 2 1 0.1 9
176k-200k 2 2 0.2 6
201k-225k 2 0
226k-250k 3 3 1 0.2 6
251k-275k 5 4 0.1 7.5
276k-300k 1 1 0.2 0
301k-325k 1 1 0.2 0
326k-350k 2 1 0.1 12
351k-375k 4 4 1 0.2 6
376k-400k 7 2 0 21
401k-425k 2 7 2 0.6 1.7
426k-450k 4 2 1 0.1 12
451k-475k 3 3 0.2 6
476k-500k 3 1 0.1 18
501k-550k 4 3 0.1 8
551k-600k 8 8 2 0.2 6
601k-650k 12 11 1 0.2 6.5
651k-700k 12 13 3 0.2 5.5
701k-750k 12 10 4 0.1 7.2
751k-800k 10 4 1 0.1 15
801k-850k 5 7 1 0.2 4.3
851k-900k 10 4 0.1 15
901k-950k 4 3 1 0.1 8
951k-1m 1 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 1 1 0.1 12
1.4m-1.5m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0

Condos 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
26k-50k 2 1 0.3 0
51k-75k 9 17 4 0.3 3.2
76k-100k 49 37 6 0.1 7.9
101k-125k 55 77 12 0.2 4.3
126k-150k 80 51 5 0.1 9.4
151k-175k 75 29 6 0.1 15.5
176k-200k 50 37 4 0.1 8.1
201k-225k 36 34 5 0.2 6.4
226k-250k 40 26 0.1 9.2
251k-275k 13 14 1 0.2 5.6
276k-300k 39 21 4 0.1 11.1
301k-325k 19 15 1 0.1 7.6
326k-350k 30 8 0 22.5
351k-375k 23 8 0.1 17.3
376k-400k 45 12 1 0 22.5
401k-425k 16 7 1 0.1 13.7
426k-450k 14 12 2 0.1 7
451k-475k 16 7 0.1 13.7
476k-500k 13 6 2 0.1 13
501k-550k 22 9 0.1 14.7
551k-600k 22 5 1 0 26.4
601k-650k 14 9 2 0.1 9.3
651k-700k 17 3 0 34
701k-750k 9 5 2 0.1 10.8
751k-800k 10 5 0.1 12
801k-850k 2 10 3 0.8 1.2
851k-900k 8 3 0.1 16
901k-950k 6 3 0.1 12
951k-1m 8 0
1m-1.1m 5 3 0.1 10
1.1m-1.2m 8 7 0.1 6.9
1.2m-1.3m 10 3 0.1 20
1.3m-1.4m 7 6 1 0.1 7
1.4m-1.5m 5 4 0.1 7.5
1.5m-1.6m 4 6 0.3 4
1.6m-1.7m 4 3 0.1 8
1.7m-1.8m 8 3 1 0.1 16
1.8m-1.9m 4 2 0.1 12
1.9m-2m 5 5 0.2 6
2m-2.25m 5 3 0.1 10
2.25m-2.5m 5 7 0.2 4.3
2.5m-2.75m 7 10 2 0.2 4.2
2.75m-3m 5 4 0.1 7.5
3m-3.5m 2 0
3.5m-4m 4 4 0.2 6
4m-4.5m 1 1 0.2 6
4.5m-5m 2 4 0.3 3
5.01m-6m 2 0
6.01m-7m 2 1 0.1 12
7.01m-8m 1 0
8.01m-9m 1 0

Land 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
1k-25k 2 0
26k-50k 1 2 0.3 3
51k-75k 3 2 0.1 9
76k-100k 9 8 2 0.1 6.8
101k-125k 9 4 0.1 13.5
126k-150k 8 1 0 48
151k-175k 4 3 1 0.1 8
176k-200k 4 3 1 0.1 8
201k-225k 3 3 2 0.2 6
226k-250k 2 1 1 0.1 12
251k-275k 2 3 1 0.3 4
276k-300k 6 1 0 36
301k-325k 2 1 0.1 12
326k-350k 1 2 1 0.3 3
351k-375k 3 2 0.1 9
376k-400k 2 1 0.1 12
426k-450k 2 0
451k-475k 1 0
476k-500k 4 0
501k-550k 5 1 0 30
551k-600k 5 1 0 30
601k-650k 3 2 0.1 9
651k-700k 6 0
701k-750k 7 0
751k-800k 4 4 0.2 6
801k-850k 5 0
851k-900k 4 2 1 0.1 12
901k-950k 2 1 0.1 12
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 2 0
2.5m-2.75m 1 0
4m-4.5m 1 1 0.2 0