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 Since 12/31 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 0
201k-225k 1 1 1 0.2 6
226k-250k 2 3 0.3 4
251k-275k 4 8 2 0.3 3
276k-300k 17 23 4 0.2 4.4
301k-325k 51 72 10 0.2 4.3
326k-350k 88 149 23 0.3 3.5
351k-375k 87 148 18 0.3 3.5
376k-400k 122 175 25 0.2 4.2
401k-425k 92 74 13 0.1 7.5
426k-450k 93 76 11 0.1 7.3
451k-475k 45 53 8 0.2 5.1
476k-500k 57 37 5 0.1 9.2
501k-550k 77 53 3 0.1 8.7
551k-600k 54 32 6 0.1 10.1
601k-650k 36 19 3 0.1 11.4
651k-700k 51 18 2 0.1 17
701k-750k 51 20 3 0.1 15.3
751k-800k 42 3 0 84
801k-850k 25 3 0 50
851k-900k 18 1 0 108
901k-950k 14 1 1 0 84
951k-1m 20 0
1m-1.1m 13 1 1 0 78
1.1m-1.2m 8 4 1 0.1 12
1.2m-1.3m 6 2 1 0.1 18
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 4 4 0.3 3
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
6.01m-7m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 2 2 0.3 3
226k-250k 6 7 1 0.2 5.1
251k-275k 41 51 7 0.2 4.8
276k-300k 71 64 9 0.2 6.7
301k-325k 75 119 21 0.3 3.8
326k-350k 36 41 4 0.2 5.3
351k-375k 22 40 3 0.3 3.3
376k-400k 24 19 2 0.1 7.6
401k-425k 21 15 3 0.1 8.4
426k-450k 30 10 1 0.1 18
451k-475k 17 7 0.1 14.6
476k-500k 16 8 2 0.1 12
501k-550k 37 12 2 0.1 18.5
551k-600k 19 7 1 0.1 16.3
601k-650k 3 1 0.1 18
651k-700k 1 0
701k-750k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
176k-200k 8 13 1 0.3 3.7
201k-225k 27 15 4 0.1 10.8
226k-250k 48 16 0.1 18
251k-275k 14 6 0.1 14
276k-300k 16 3 0 32
301k-325k 5 2 1 0.1 15
326k-350k 5 0
351k-375k 9 1 1 0 54
376k-400k 13 2 0 39
401k-425k 5 1 0 30
426k-450k 3 0
451k-475k 1 0
476k-500k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 5 0.3 3.6
51k-75k 5 0.8 0
76k-100k 4 1 1 0 24
101k-125k 5 1 1 0 30
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 3 1 0.1 18
201k-225k 1 0
251k-275k 1 0
276k-300k 5 0
326k-350k 3 1 0.1 18
376k-400k 2 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0