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
201k-225k 1 1 1 0.2 6
226k-250k 2 3 0.3 4
251k-275k 3 6 1 0.3 3
276k-300k 19 22 3 0.2 5.2
301k-325k 52 69 12 0.2 4.5
326k-350k 84 142 17 0.3 3.5
351k-375k 90 145 17 0.3 3.7
376k-400k 127 165 19 0.2 4.6
401k-425k 85 71 11 0.1 7.2
426k-450k 94 76 12 0.1 7.4
451k-475k 46 54 6 0.2 5.1
476k-500k 53 36 4 0.1 8.8
501k-550k 73 52 3 0.1 8.4
551k-600k 57 33 6 0.1 10.4
601k-650k 35 18 2 0.1 11.7
651k-700k 51 18 2 0.1 17
701k-750k 49 18 3 0.1 16.3
751k-800k 41 4 1 0 61.5
801k-850k 25 3 0 50
851k-900k 19 1 0 114
901k-950k 13 1 1 0 78
951k-1m 20 0
1m-1.1m 13 1 1 0 78
1.1m-1.2m 9 4 1 0.1 13.5
1.2m-1.3m 6 2 1 0.1 18
1.4m-1.5m 3 0.5 0
1.5m-1.6m 3 4 4 0.2 4.5
1.7m-1.8m 1 1 0.2 6
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 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 1 2 2 0.3 3
226k-250k 7 8 2 0.2 5.3
251k-275k 43 50 9 0.2 5.2
276k-300k 70 63 7 0.2 6.7
301k-325k 73 112 13 0.3 3.9
326k-350k 38 42 5 0.2 5.4
351k-375k 19 40 2 0.4 2.9
376k-400k 23 18 2 0.1 7.7
401k-425k 21 16 4 0.1 7.9
426k-450k 28 10 1 0.1 16.8
451k-475k 19 7 0.1 16.3
476k-500k 16 8 2 0.1 12
501k-550k 36 12 2 0.1 18
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 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 1 0.3 0
176k-200k 8 14 2 0.3 3.4
201k-225k 30 16 5 0.1 11.3
226k-250k 43 14 0.1 18.4
251k-275k 15 5 0.1 18
276k-300k 14 3 0 28
301k-325k 4 2 1 0.1 12
326k-350k 7 0
351k-375k 9 1 1 0 54
376k-400k 14 2 0 42
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 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 5 0.3 3.6
51k-75k 4 0.7 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 2 0
276k-300k 4 0
326k-350k 3 1 0.1 18
351k-375k 1 0
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