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 0.2 6
226k-250k 2 4 1 0.3 3
251k-275k 4 6 1 0.3 4
276k-300k 17 21 2 0.2 4.9
301k-325k 51 68 12 0.2 4.5
326k-350k 87 141 19 0.3 3.7
351k-375k 84 137 17 0.3 3.7
376k-400k 126 161 15 0.2 4.7
401k-425k 80 68 8 0.1 7.1
426k-450k 91 75 10 0.1 7.3
451k-475k 44 54 9 0.2 4.9
476k-500k 51 34 3 0.1 9
501k-550k 72 50 3 0.1 8.6
551k-600k 57 32 6 0.1 10.7
601k-650k 39 19 3 0.1 12.3
651k-700k 49 19 3 0.1 15.5
701k-750k 49 16 2 0.1 18.4
751k-800k 39 3 1 0 78
801k-850k 25 3 0 50
851k-900k 18 2 1 0 54
901k-950k 13 1 0 78
951k-1m 19 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 1 1 0 36
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 5 3 0.4 2.4
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 2 3 3 0.3 4
226k-250k 7 11 5 0.3 3.8
251k-275k 31 48 10 0.3 3.9
276k-300k 59 69 18 0.2 5.1
301k-325k 81 108 11 0.2 4.5
326k-350k 36 40 7 0.2 5.4
351k-375k 20 34 3 0.3 3.5
376k-400k 24 18 3 0.1 8
401k-425k 23 16 5 0.1 8.6
426k-450k 22 10 0.1 13.2
451k-475k 20 7 0.1 17.1
476k-500k 17 7 1 0.1 14.6
501k-550k 35 12 1 0.1 17.5
551k-600k 18 7 1 0.1 15.4
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 9 15 3 0.3 3.6
201k-225k 33 16 3 0.1 12.4
226k-250k 42 15 2 0.1 16.8
251k-275k 15 5 0.1 18
276k-300k 14 3 0 28
301k-325k 3 2 0.1 9
326k-350k 7 0
351k-375k 9 1 0 54
376k-400k 14 2 0 42
401k-425k 6 1 0 36
426k-450k 1 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 5 1 0 30
101k-125k 5 1 0 30
126k-150k 2 1 0.1 12
151k-175k 1 0
176k-200k 2 1 0.1 12
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
1.2m-1.3m 1 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