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 23 4 0.2 5
301k-325k 52 69 13 0.2 4.5
326k-350k 86 144 19 0.3 3.6
351k-375k 87 149 21 0.3 3.5
376k-400k 126 166 20 0.2 4.6
401k-425k 81 71 11 0.1 6.8
426k-450k 91 76 12 0.1 7.2
451k-475k 46 55 7 0.2 5
476k-500k 55 36 4 0.1 9.2
501k-550k 72 53 4 0.1 8.2
551k-600k 58 34 7 0.1 10.2
601k-650k 39 18 2 0.1 13
651k-700k 49 19 3 0.1 15.5
701k-750k 50 18 3 0.1 16.7
751k-800k 40 4 1 0 60
801k-850k 25 3 0 50
851k-900k 20 2 1 0 60
901k-950k 13 1 1 0 78
951k-1m 20 0
1m-1.1m 12 1 1 0 72
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 3 3 0.5 2
226k-250k 9 9 3 0.2 6
251k-275k 35 50 9 0.2 4.2
276k-300k 67 68 12 0.2 5.9
301k-325k 67 114 14 0.3 3.5
326k-350k 38 43 6 0.2 5.3
351k-375k 20 40 2 0.3 3
376k-400k 24 18 2 0.1 8
401k-425k 21 16 4 0.1 7.9
426k-450k 26 10 1 0.1 15.6
451k-475k 19 7 0.1 16.3
476k-500k 16 8 2 0.1 12
501k-550k 35 12 2 0.1 17.5
551k-600k 19 7 1 0.1 16.3
601k-650k 5 1 0 30
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 3 2 0.5 0
176k-200k 8 14 2 0.3 3.4
201k-225k 32 16 5 0.1 12
226k-250k 42 14 0.1 18
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 2 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 2 1 0.1 12
151k-175k 1 0
176k-200k 3 1 0.1 18
201k-225k 1 0
251k-275k 2 0
276k-300k 4 0
301k-325k 1 1 0.2 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