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 3 0.5 0
76k-100k 4 3 1 0.1 8
101k-125k 1 8 1.3 0.8
126k-150k 3 28 6 1.6 0.6
151k-175k 4 43 3 1.8 0.6
176k-200k 12 54 6 0.8 1.3
201k-225k 21 60 12 0.5 2.1
226k-250k 38 61 8 0.3 3.7
251k-275k 31 86 19 0.5 2.2
276k-300k 72 118 19 0.3 3.7
301k-325k 62 117 19 0.3 3.2
326k-350k 74 131 16 0.3 3.4
351k-375k 67 123 11 0.3 3.3
376k-400k 85 140 26 0.3 3.6
401k-425k 63 94 9 0.2 4
426k-450k 70 91 11 0.2 4.6
451k-475k 56 74 8 0.2 4.5
476k-500k 52 71 7 0.2 4.4
501k-550k 73 107 8 0.2 4.1
551k-600k 67 84 12 0.2 4.8
601k-650k 43 59 10 0.2 4.4
651k-700k 37 63 13 0.3 3.5
701k-750k 33 56 7 0.3 3.5
751k-800k 44 46 7 0.2 5.7
801k-850k 19 33 7 0.3 3.5
851k-900k 33 41 6 0.2 4.8
901k-950k 13 24 2 0.3 3.3
951k-1m 28 20 3 0.1 8.4
1m-1.1m 22 34 4 0.3 3.9
1.1m-1.2m 30 24 6 0.1 7.5
1.2m-1.3m 25 27 1 0.2 5.6
1.3m-1.4m 23 17 2 0.1 8.1
1.4m-1.5m 20 12 1 0.1 10
1.5m-1.6m 15 7 0.1 12.9
1.6m-1.7m 10 11 0.2 5.5
1.7m-1.8m 13 9 0.1 8.7
1.8m-1.9m 12 14 0.2 5.1
1.9m-2m 12 6 0.1 12
2m-2.25m 11 4 1 0.1 16.5
2.25m-2.5m 7 8 1 0.2 5.3
2.5m-2.75m 11 3 1 0 22
2.75m-3m 8 8 2 0.2 6
3m-3.5m 11 7 3 0.1 9.4
3.5m-4m 11 4 2 0.1 16.5
4m-4.5m 8 3 0.1 16
4.5m-5m 4 1 0 24
5.01m-6m 11 1 1 0 66
6.01m-7m 3 1 0.1 18
7.01m-8m 2 0
8.01m-9m 2 2 1 0.2 6
9.01m-10m 2 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 1 1 0.2 6
151k-175k 2 1 0.1 12
176k-200k 3 2 1 0.1 9
226k-250k 3 3 0.2 6
251k-275k 3 7 1 0.4 2.6
276k-300k 1 1 0.2 6
301k-325k 2 1 0.1 12
326k-350k 5 1 0 30
351k-375k 2 4 0.3 3
376k-400k 2 2 0.2 6
401k-425k 7 7 2 0.2 6
426k-450k 4 2 0.1 12
451k-475k 4 8 1 0.3 3
476k-500k 4 2 0.1 12
501k-550k 2 7 0.6 1.7
551k-600k 10 5 1 0.1 12
601k-650k 18 12 3 0.1 9
651k-700k 13 10 2 0.1 7.8
701k-750k 6 9 1 0.3 4
751k-800k 13 7 0.1 11.1
801k-850k 3 6 0.3 3
851k-900k 9 5 0.1 10.8
901k-950k 6 2 0.1 18
951k-1m 1 0
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0.2 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
1k-25k 1 0.2 0
26k-50k 1 1 0.2 0
51k-75k 9 21 2 0.4 2.6
76k-100k 44 41 5 0.2 6.4
101k-125k 55 64 9 0.2 5.2
126k-150k 73 57 9 0.1 7.7
151k-175k 67 37 3 0.1 10.9
176k-200k 54 44 7 0.1 7.4
201k-225k 40 43 5 0.2 5.6
226k-250k 45 32 4 0.1 8.4
251k-275k 13 19 2 0.2 4.1
276k-300k 34 21 6 0.1 9.7
301k-325k 24 23 4 0.2 6.3
326k-350k 16 12 1 0.1 8
351k-375k 18 16 1 0.1 6.8
376k-400k 36 12 1 0.1 18
401k-425k 13 11 1 0.1 7.1
426k-450k 20 12 3 0.1 10
451k-475k 9 8 1 0.1 6.8
476k-500k 16 11 0.1 8.7
501k-550k 22 11 2 0.1 12
551k-600k 20 7 2 0.1 17.1
601k-650k 13 10 2 0.1 7.8
651k-700k 18 7 1 0.1 15.4
701k-750k 4 4 1 0.2 6
751k-800k 8 6 0.1 8
801k-850k 5 9 0.3 3.3
851k-900k 7 2 0 21
901k-950k 5 3 0.1 10
951k-1m 8 1 0 48
1m-1.1m 3 5 0.3 3.6
1.1m-1.2m 7 9 2 0.2 4.7
1.2m-1.3m 5 4 1 0.1 7.5
1.3m-1.4m 9 4 0.1 13.5
1.4m-1.5m 3 5 3 0.3 3.6
1.5m-1.6m 6 8 3 0.2 4.5
1.6m-1.7m 6 4 2 0.1 9
1.7m-1.8m 4 3 2 0.1 8
1.8m-1.9m 3 2 1 0.1 9
1.9m-2m 4 5 4 0.2 4.8
2m-2.25m 4 2 1 0.1 12
2.25m-2.5m 1 8 3 1.3 0.8
2.5m-2.75m 4 10 2 0.4 2.4
2.75m-3m 3 5 1 0.3 3.6
3m-3.5m 1 1 0.2 6
3.5m-4m 1 5 4 0.8 1.2
4m-4.5m 1 0.2 0
4.5m-5m 2 3 2 0.3 4
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 3 0
26k-50k 1 2 1 0.3 3
51k-75k 3 3 0.2 6
76k-100k 8 8 1 0.2 6
101k-125k 8 5 1 0.1 9.6
126k-150k 7 3 0.1 14
151k-175k 7 3 0.1 14
176k-200k 5 2 1 0.1 15
201k-225k 8 2 0 24
226k-250k 5 2 0.1 15
251k-275k 2 3 1 0.3 4
276k-300k 6 1 0 36
301k-325k 4 0
326k-350k 2 4 0.3 3
351k-375k 2 4 0.3 3
376k-400k 3 1 1 0.1 18
401k-425k 1 0
426k-450k 1 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 3 1 0.1 18
601k-650k 2 2 1 0.2 6
651k-700k 6 1 0 36
751k-800k 6 4 1 0.1 9
801k-850k 2 0
851k-900k 4 1 0 24
901k-950k 2 0
951k-1m 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.3m-1.4m 2 2 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 1 0
2m-2.25m 3 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0