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
1k-25k 1 0
51k-75k 2 1 0.3 0
76k-100k 1 4 1 0.7 1.5
101k-125k 2 10 2 0.8 1.2
126k-150k 19 3.2 0
151k-175k 2 27 6 2.3 0.4
176k-200k 5 42 7 1.4 0.7
201k-225k 8 55 8 1.1 0.9
226k-250k 25 66 7 0.4 2.3
251k-275k 29 66 11 0.4 2.6
276k-300k 46 103 19 0.4 2.7
301k-325k 43 108 16 0.4 2.4
326k-350k 71 135 24 0.3 3.2
351k-375k 52 90 19 0.3 3.5
376k-400k 75 97 20 0.2 4.6
401k-425k 53 67 16 0.2 4.7
426k-450k 44 72 15 0.3 3.7
451k-475k 45 55 10 0.2 4.9
476k-500k 62 48 7 0.1 7.8
501k-550k 64 105 17 0.3 3.7
551k-600k 68 61 8 0.1 6.7
601k-650k 48 43 8 0.1 6.7
651k-700k 51 52 11 0.2 5.9
701k-750k 34 42 10 0.2 4.9
751k-800k 27 43 9 0.3 3.8
801k-850k 19 28 5 0.2 4.1
851k-900k 22 28 4 0.2 4.7
901k-950k 25 31 7 0.2 4.8
951k-1m 27 21 5 0.1 7.7
1m-1.1m 17 22 3 0.2 4.6
1.1m-1.2m 41 21 4 0.1 11.7
1.2m-1.3m 27 17 6 0.1 9.5
1.3m-1.4m 22 25 5 0.2 5.3
1.4m-1.5m 20 11 3 0.1 10.9
1.5m-1.6m 15 14 2 0.2 6.4
1.6m-1.7m 16 15 4 0.2 6.4
1.7m-1.8m 13 9 3 0.1 8.7
1.8m-1.9m 8 4 1 0.1 12
1.9m-2m 12 1 0 72
2m-2.25m 11 10 4 0.2 6.6
2.25m-2.5m 16 5 1 0.1 19.2
2.5m-2.75m 17 5 1 0 20.4
2.75m-3m 14 9 1 0.1 9.3
3m-3.5m 15 8 3 0.1 11.3
3.5m-4m 9 8 1 0.1 6.8
4m-4.5m 12 2 0 36
4.5m-5m 5 3 1 0.1 10
5.01m-6m 9 1 0 54
6.01m-7m 1 0
7.01m-8m 2 0
8.01m-9m 1 0
9.01m-10m 1 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 2 0.3 0
151k-175k 1 3 0.5 2
176k-200k 2 0
201k-225k 4 1 0 24
226k-250k 6 2 0.1 18
251k-275k 2 4 1 0.3 3
276k-300k 8 3 1 0.1 16
301k-325k 2 3 0.3 4
326k-350k 4 2 0.1 12
351k-375k 2 3 0.3 4
376k-400k 5 4 0.1 7.5
401k-425k 3 5 1 0.3 3.6
426k-450k 3 4 0.2 4.5
451k-475k 3 2 0.1 9
476k-500k 4 5 3 0.2 4.8
501k-550k 7 9 4 0.2 4.7
551k-600k 16 7 2 0.1 13.7
601k-650k 15 13 2 0.1 6.9
651k-700k 9 16 5 0.3 3.4
701k-750k 10 10 2 0.2 6
751k-800k 11 8 2 0.1 8.3
801k-850k 12 9 2 0.1 8
851k-900k 4 0
901k-950k 6 1 0 36
951k-1m 12 1 0 72
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 3 0.5 2
1.3m-1.4m 2 2 1 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 1 1 1 0.2 6
2m-2.25m 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 2 0.3 0
51k-75k 15 31 4 0.3 2.9
76k-100k 41 42 8 0.2 5.9
101k-125k 80 58 10 0.1 8.3
126k-150k 99 40 7 0.1 14.9
151k-175k 56 27 5 0.1 12.4
176k-200k 63 23 3 0.1 16.4
201k-225k 52 29 3 0.1 10.8
226k-250k 46 15 2 0.1 18.4
251k-275k 21 14 4 0.1 9
276k-300k 42 21 1 0.1 12
301k-325k 26 11 0.1 14.2
326k-350k 32 14 4 0.1 13.7
351k-375k 27 11 5 0.1 14.7
376k-400k 29 14 2 0.1 12.4
401k-425k 6 4 0.1 9
426k-450k 26 11 0.1 14.2
451k-475k 7 1 0 42
476k-500k 21 10 4 0.1 12.6
501k-550k 21 11 1 0.1 11.5
551k-600k 20 15 2 0.1 8
601k-650k 22 11 1 0.1 12
651k-700k 17 3 2 0 34
701k-750k 8 9 2 0.2 5.3
751k-800k 10 2 1 0 30
801k-850k 5 12 2 0.4 2.5
851k-900k 10 10 1 0.2 6
901k-950k 7 11 3 0.3 3.8
951k-1m 9 9 0.2 6
1m-1.1m 12 27 1 0.4 2.7
1.1m-1.2m 12 39 4 0.5 1.8
1.2m-1.3m 14 35 7 0.4 2.4
1.3m-1.4m 14 26 7 0.3 3.2
1.4m-1.5m 8 20 3 0.4 2.4
1.5m-1.6m 2 28 3 2.3 0.4
1.6m-1.7m 9 35 9 0.6 1.5
1.7m-1.8m 9 29 4 0.5 1.9
1.8m-1.9m 4 14 3 0.6 1.7
1.9m-2m 6 14 0.4 2.6
2m-2.25m 17 39 8 0.4 2.6
2.25m-2.5m 14 27 7 0.3 3.1
2.5m-2.75m 5 18 5 0.6 1.7
2.75m-3m 4 8 0.3 3
3m-3.5m 4 21 8 0.9 1.1
3.5m-4m 5 6 4 0.2 5
4m-4.5m 1 1 0.2 6
4.5m-5m 2 3 0.3 4
5.01m-6m 4 2 1 0.1 12
6.01m-7m 3 3 1 0.2 6
7.01m-8m 1 1 0.2 6
9.01m-10m 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 3 0
26k-50k 1 0
51k-75k 1 7 2 1.2 0.9
76k-100k 5 10 1 0.3 3
101k-125k 7 8 1 0.2 5.3
126k-150k 8 4 1 0.1 12
151k-175k 6 4 0.1 9
176k-200k 4 1 0 24
201k-225k 4 4 0.2 6
226k-250k 2 2 0.2 6
251k-275k 5 1 0 30
276k-300k 9 0
301k-325k 2 1 0.1 12
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 4 4 0.2 6
401k-425k 2 0.3 0
426k-450k 2 2 1 0.2 6
451k-475k 1 0
476k-500k 6 2 0.1 18
501k-550k 5 2 1 0.1 15
551k-600k 3 3 0.2 6
601k-650k 5 1 0 30
651k-700k 2 2 0.2 6
701k-750k 2 3 0.3 4
751k-800k 5 1 0 30
801k-850k 3 1 0.1 18
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 3 1 0.1 18
1.1m-1.2m 1 0
1.3m-1.4m 3 0
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
4m-4.5m 3 1 0.5 0
9.01m-10m 2 0