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 7 1 0.4 2.6
276k-300k 19 22 4 0.2 5.2
301k-325k 53 74 14 0.2 4.3
326k-350k 84 149 22 0.3 3.4
351k-375k 91 147 18 0.3 3.7
376k-400k 123 172 22 0.2 4.3
401k-425k 90 73 15 0.1 7.4
426k-450k 96 79 14 0.1 7.3
451k-475k 45 54 8 0.2 5
476k-500k 54 36 4 0.1 9
501k-550k 75 53 3 0.1 8.5
551k-600k 57 33 7 0.1 10.4
601k-650k 36 18 2 0.1 12
651k-700k 50 19 3 0.1 15.8
701k-750k 50 20 3 0.1 15
751k-800k 41 4 1 0 61.5
801k-850k 25 3 0 50
851k-900k 20 1 0 120
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 53 10 0.2 4.9
276k-300k 70 64 7 0.2 6.6
301k-325k 75 118 20 0.3 3.8
326k-350k 39 42 4 0.2 5.6
351k-375k 19 40 3 0.4 2.9
376k-400k 23 19 2 0.1 7.3
401k-425k 21 16 4 0.1 7.9
426k-450k 29 10 1 0.1 17.4
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 29 16 5 0.1 10.9
226k-250k 45 16 0.1 16.9
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 6 1 1 0 36
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