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 3 1 0.2 6
251k-275k 4 6 1 0.3 4
276k-300k 18 28 10 0.3 3.9
301k-325k 45 66 11 0.2 4.1
326k-350k 72 132 20 0.3 3.3
351k-375k 86 128 19 0.2 4
376k-400k 123 146 20 0.2 5.1
401k-425k 72 71 11 0.2 6.1
426k-450k 88 71 5 0.1 7.4
451k-475k 54 44 4 0.1 7.4
476k-500k 43 35 9 0.1 7.4
501k-550k 73 40 6 0.1 11
551k-600k 62 30 6 0.1 12.4
601k-650k 37 18 2 0.1 12.3
651k-700k 45 19 2 0.1 14.2
701k-750k 47 16 2 0.1 17.6
751k-800k 38 3 1 0 76
801k-850k 20 3 0 40
851k-900k 16 1 0 96
901k-950k 8 1 0 48
951k-1m 19 0
1m-1.1m 6 1 0 36
1.1m-1.2m 9 6 2 0.1 9
1.2m-1.3m 5 1 0 30
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 67 80 20 0.2 5
301k-325k 69 106 17 0.3 3.9
326k-350k 48 36 3 0.1 8
351k-375k 25 29 1 0.2 5.2
376k-400k 16 16 1 0.2 6
401k-425k 21 13 3 0.1 9.7
426k-450k 27 11 2 0.1 14.7
451k-475k 23 4 0 34.5
476k-500k 16 7 1 0.1 13.7
501k-550k 38 17 4 0.1 13.4
551k-600k 20 3 0 40
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
126k-150k 1 1 0.2 0
151k-175k 2 5 1 0.4 2.4
176k-200k 8 18 3 0.4 2.7
201k-225k 36 16 2 0.1 13.5
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 6 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 1 4 0.7 1.5
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 3 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