Absorption Report

Davenport, FL, House

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 1 0.2 6
201k-225k 1 2 1 0.3 3
226k-250k 2 2 1 0.2 6
251k-275k 3 6 0.3 3
276k-300k 19 23 4 0.2 5
301k-325k 47 68 18 0.2 4.1
326k-350k 86 135 17 0.3 3.8
351k-375k 90 136 17 0.3 4
376k-400k 131 155 18 0.2 5.1
401k-425k 79 74 13 0.2 6.4
426k-450k 90 78 11 0.1 6.9
451k-475k 47 48 9 0.2 5.9
476k-500k 51 32 1 0.1 9.6
501k-550k 80 48 6 0.1 10
551k-600k 56 29 6 0.1 11.6
601k-650k 36 20 4 0.1 10.8
651k-700k 47 20 4 0.1 14.1
701k-750k 50 17 2 0.1 17.6
751k-800k 39 3 1 0 78
801k-850k 23 3 0 46
851k-900k 17 1 1 0 102
901k-950k 11 1 0 66
951k-1m 19 0
1m-1.1m 10 1 0 60
1.1m-1.2m 8 4 0.1 12
1.2m-1.3m 6 1 0 36
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 6 4 0.5 2
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
6.01m-7m 1 0