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 4 1 0.3 3
251k-275k 4 6 1 0.3 4
276k-300k 18 23 3 0.2 4.7
301k-325k 53 72 16 0.2 4.4
326k-350k 85 144 19 0.3 3.5
351k-375k 87 148 20 0.3 3.5
376k-400k 127 167 20 0.2 4.6
401k-425k 81 72 11 0.1 6.8
426k-450k 89 77 11 0.1 6.9
451k-475k 47 55 6 0.2 5.1
476k-500k 55 36 4 0.1 9.2
501k-550k 75 53 4 0.1 8.5
551k-600k 58 35 7 0.1 9.9
601k-650k 39 19 3 0.1 12.3
651k-700k 48 19 3 0.1 15.2
701k-750k 50 18 3 0.1 16.7
751k-800k 41 4 1 0 61.5
801k-850k 25 3 0 50
851k-900k 20 2 1 0 60
901k-950k 13 1 1 0 78
951k-1m 20 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 2 1 0.1 18
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 5 5 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 1 3 3 0.5 2
226k-250k 9 11 5 0.2 4.9
251k-275k 36 51 10 0.2 4.2
276k-300k 67 70 13 0.2 5.7
301k-325k 70 117 14 0.3 3.6
326k-350k 37 43 6 0.2 5.2
351k-375k 20 41 3 0.3 2.9
376k-400k 25 19 3 0.1 7.9
401k-425k 21 17 5 0.1 7.4
426k-450k 25 10 1 0.1 15
451k-475k 19 7 0.1 16.3
476k-500k 16 8 2 0.1 12
501k-550k 35 12 2 0.1 17.5
551k-600k 19 7 1 0.1 16.3
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 8 14 2 0.3 3.4
201k-225k 32 16 4 0.1 12
226k-250k 43 15 1 0.1 17.2
251k-275k 14 5 0.1 16.8
276k-300k 15 3 0 30
301k-325k 4 2 1 0.1 12
326k-350k 7 0
351k-375k 9 1 0 54
376k-400k 14 2 0 42
401k-425k 5 1 0 30
426k-450k 2 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 5 1 1 0 30
126k-150k 2 1 0.1 12
151k-175k 1 0
176k-200k 3 1 0.1 18
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
1.3m-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