Absorption Report

Davenport, 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
151k-175k 1 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 3 2 0.1 9
251k-275k 4 6 1 0.3 4
276k-300k 19 25 8 0.2 4.6
301k-325k 45 64 12 0.2 4.2
326k-350k 72 131 23 0.3 3.3
351k-375k 85 123 15 0.2 4.1
376k-400k 132 148 18 0.2 5.4
401k-425k 77 72 15 0.2 6.4
426k-450k 92 72 7 0.1 7.7
451k-475k 54 45 3 0.1 7.2
476k-500k 44 34 8 0.1 7.8
501k-550k 78 43 7 0.1 10.9
551k-600k 62 31 7 0.1 12
601k-650k 38 18 2 0.1 12.7
651k-700k 50 18 3 0.1 16.7
701k-750k 49 16 2 0.1 18.4
751k-800k 37 3 1 0 74
801k-850k 22 3 0 44
851k-900k 17 1 0 102
901k-950k 10 1 0 60
951k-1m 20 0
1m-1.1m 6 1 0 36
1.1m-1.2m 9 5 1 0.1 10.8
1.2m-1.3m 5 1 0 30
1.5m-1.6m 5 6 1 0.2 5
1.7m-1.8m 1 2 1 0.3 3
6.01m-7m 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
201k-225k 2 5 2 0.4 2.4
226k-250k 8 17 4 0.4 2.8
251k-275k 35 62 18 0.3 3.4
276k-300k 61 71 14 0.2 5.2
301k-325k 67 104 15 0.3 3.9
326k-350k 46 36 5 0.1 7.7
351k-375k 22 30 1 0.2 4.4
376k-400k 21 17 2 0.1 7.4
401k-425k 23 14 3 0.1 9.9
426k-450k 28 10 1 0.1 16.8
451k-475k 21 4 0 31.5
476k-500k 20 7 1 0.1 17.1
501k-550k 37 17 5 0.1 13.1
551k-600k 23 3 0 46
601k-650k 6 0
651k-700k 2 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
151k-175k 2 5 2 0.4 2.4
176k-200k 7 17 3 0.4 2.5
201k-225k 38 17 3 0.1 13.4
226k-250k 47 13 3 0 21.7
251k-275k 17 4 0 25.5
276k-300k 17 3 0 34
301k-325k 1 2 0.3 3
326k-350k 7 0
351k-375k 11 1 0 66
376k-400k 15 2 0 45
401k-425k 5 1 0 30
426k-450k 1 0
451k-475k 1 0
476k-500k 1 1 0.2 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 1 1 0.2 6
26k-50k 3 4 0.2 4.5
51k-75k 1 4 1 0.7 1.5
76k-100k 4 1 0 24
101k-125k 5 1 0 30
126k-150k 2 2 1 0.2 6
151k-175k 1 0
176k-200k 3 1 0.1 18
251k-275k 3 0
276k-300k 4 0
301k-325k 1 0.2 0
326k-350k 3 1 0.1 18
376k-400k 1 0
476k-500k 3 0
501k-550k 1 1 0.2 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0
6.01m-7m 1 1 0.2 0