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 19 28 10 0.2 4.1
301k-325k 43 65 11 0.3 4
326k-350k 72 132 22 0.3 3.3
351k-375k 83 123 15 0.2 4
376k-400k 127 149 20 0.2 5.1
401k-425k 71 73 13 0.2 5.8
426k-450k 91 70 5 0.1 7.8
451k-475k 53 45 3 0.1 7.1
476k-500k 44 35 9 0.1 7.5
501k-550k 73 41 7 0.1 10.7
551k-600k 62 30 6 0.1 12.4
601k-650k 37 18 2 0.1 12.3
651k-700k 46 19 2 0.1 14.5
701k-750k 45 16 3 0.1 16.9
751k-800k 37 3 1 0 74
801k-850k 21 3 0 42
851k-900k 15 1 0 90
901k-950k 9 1 0 54
951k-1m 19 0
1m-1.1m 6 1 0 36
1.1m-1.2m 9 5 1 0.1 10.8
1.2m-1.3m 5 1 0 30
1.5m-1.6m 5 6 1 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 77 20 0.2 5.2
301k-325k 66 105 16 0.3 3.8
326k-350k 45 36 4 0.1 7.5
351k-375k 23 29 1 0.2 4.8
376k-400k 17 16 1 0.2 6.4
401k-425k 21 14 3 0.1 9
426k-450k 27 11 2 0.1 14.7
451k-475k 22 4 0 33
476k-500k 17 7 1 0.1 14.6
501k-550k 37 17 5 0.1 13.1
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
151k-175k 2 5 2 0.4 2.4
176k-200k 7 18 3 0.4 2.3
201k-225k 37 16 2 0.1 13.9
226k-250k 44 13 2 0 20.3
251k-275k 16 4 0 24
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 1 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 0
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