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 0.2 0
201k-225k 1 2 0.3 3
226k-250k 3 3 1 0.2 6
251k-275k 4 6 1 0.3 4
276k-300k 19 30 11 0.3 3.8
301k-325k 45 66 11 0.2 4.1
326k-350k 80 133 22 0.3 3.6
351k-375k 80 124 18 0.3 3.9
376k-400k 123 141 19 0.2 5.2
401k-425k 68 72 10 0.2 5.7
426k-450k 91 72 6 0.1 7.6
451k-475k 55 43 4 0.1 7.7
476k-500k 46 35 8 0.1 7.9
501k-550k 78 41 5 0.1 11.4
551k-600k 60 30 6 0.1 12
601k-650k 38 18 2 0.1 12.7
651k-700k 44 17 2 0.1 15.5
701k-750k 47 16 1 0.1 17.6
751k-800k 40 3 1 0 80
801k-850k 20 3 0 40
851k-900k 16 1 0 96
901k-950k 9 1 0 54
951k-1m 19 0
1m-1.1m 5 1 0 30
1.1m-1.2m 9 6 2 0.1 9
1.2m-1.3m 6 1 0 36
1.5m-1.6m 5 6 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 36 67 23 0.3 3.2
276k-300k 63 79 18 0.2 4.8
301k-325k 78 109 20 0.2 4.3
326k-350k 49 35 3 0.1 8.4
351k-375k 28 27 1 0.2 6.2
376k-400k 18 16 1 0.1 6.8
401k-425k 23 14 5 0.1 9.9
426k-450k 25 11 2 0.1 13.6
451k-475k 24 4 0 36
476k-500k 16 6 1 0.1 16
501k-550k 38 17 4 0.1 13.4
551k-600k 21 3 0 42
601k-650k 5 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
126k-150k 1 1 0.2 0
151k-175k 1 5 1 0.8 1.2
176k-200k 7 17 3 0.4 2.5
201k-225k 36 17 3 0.1 12.7
226k-250k 44 13 1 0 20.3
251k-275k 17 3 0 34
276k-300k 17 3 0 34
301k-325k 1 1 0.2 6
326k-350k 7 0
351k-375k 10 1 0 60
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 4 4 0.2 6
51k-75k 2 4 0.3 3
76k-100k 4 1 0 24
101k-125k 2 1 0.1 12
126k-150k 2 2 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 3 1 0.1 18
251k-275k 2 0
301k-325k 1 0.2 0
326k-350k 7 1 0 42
376k-400k 1 1 1 0.2 6
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