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 3 6 0.3 3
276k-300k 19 21 2 0.2 5.4
301k-325k 49 69 13 0.2 4.3
326k-350k 84 142 19 0.3 3.5
351k-375k 87 136 19 0.3 3.8
376k-400k 131 161 15 0.2 4.9
401k-425k 79 72 12 0.2 6.6
426k-450k 91 78 13 0.1 7
451k-475k 44 54 9 0.2 4.9
476k-500k 53 33 3 0.1 9.6
501k-550k 75 48 3 0.1 9.4
551k-600k 58 31 7 0.1 11.2
601k-650k 38 19 4 0.1 12
651k-700k 50 21 5 0.1 14.3
701k-750k 49 16 2 0.1 18.4
751k-800k 40 3 1 0 80
801k-850k 24 3 0 48
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 3 3 3 0.2 6
226k-250k 8 14 8 0.3 3.4
251k-275k 30 49 11 0.3 3.7
276k-300k 58 68 18 0.2 5.1
301k-325k 77 108 10 0.2 4.3
326k-350k 36 40 7 0.2 5.4
351k-375k 21 32 3 0.3 3.9
376k-400k 22 19 4 0.1 6.9
401k-425k 23 16 5 0.1 8.6
426k-450k 23 10 0.1 13.8
451k-475k 19 7 0.1 16.3
476k-500k 18 7 1 0.1 15.4
501k-550k 36 12 1 0.1 18
551k-600k 20 6 1 0.1 20
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 1 3 2 0.5 2
176k-200k 10 15 3 0.3 4
201k-225k 35 17 4 0.1 12.4
226k-250k 41 15 2 0.1 16.4
251k-275k 16 5 0.1 19.2
276k-300k 15 3 0 30
301k-325k 2 2 0.2 6
326k-350k 6 0
351k-375k 9 1 0 54
376k-400k 15 2 0 45
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 3 1 0.1 18
251k-275k 3 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