Absorption Report

Davenport

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 5% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 1 2 0.3 3
126k-150k 3 7 2 0.4 2.6
151k-175k 9 6 1 0.1 9
176k-200k 6 7 1 0.2 5.1
201k-225k 7 11 1 0.3 3.8
226k-250k 18 16 2 0.1 6.8
251k-275k 15 28 4 0.3 3.2
276k-300k 64 61 11 0.2 6.3
301k-325k 58 58 11 0.2 6
326k-350k 88 75 15 0.1 7
351k-375k 69 74 12 0.2 5.6
376k-400k 94 67 17 0.1 8.4
401k-425k 56 46 8 0.1 7.3
426k-450k 56 43 2 0.1 7.8
451k-475k 35 37 5 0.2 5.7
476k-500k 43 34 6 0.1 7.6
501k-550k 58 49 2 0.1 7.1
551k-600k 57 42 7 0.1 8.1
601k-650k 42 40 3 0.2 6.3
651k-700k 34 31 5 0.2 6.6
701k-750k 30 26 2 0.1 6.9
751k-800k 26 23 0.1 6.8
801k-850k 18 14 4 0.1 7.7
851k-900k 17 10 1 0.1 10.2
901k-950k 23 11 1 0.1 12.5
951k-1m 17 8 2 0.1 12.8
1m-1.1m 13 9 3 0.1 8.7
1.1m-1.2m 18 11 2 0.1 9.8
1.2m-1.3m 6 6 1 0.2 6
1.3m-1.4m 4 8 1 0.3 3
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 5 3 0.1 10
1.6m-1.7m 7 2 0 21
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 4 0
1.9m-2m 5 3 0.1 10
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 2 1 0.1 12
326k-350k 6 4 0.1 9
351k-375k 2 4 2 0.3 3
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0

Condos 3% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 2 0.3 0
101k-125k 5 2 0.1 15
126k-150k 12 5 1 0.1 14.4
151k-175k 32 16 0.1 12
176k-200k 31 19 3 0.1 9.8
201k-225k 20 13 1 0.1 9.2
226k-250k 20 20 0.2 6
251k-275k 29 23 4 0.1 7.6
276k-300k 38 22 3 0.1 10.4
301k-325k 25 11 3 0.1 13.6
326k-350k 27 5 1 0 32.4
351k-375k 25 9 2 0.1 16.7
376k-400k 28 8 1 0 21
401k-425k 19 10 1 0.1 11.4
426k-450k 15 1 0 90
451k-475k 11 5 0.1 13.2
476k-500k 16 5 0.1 19.2
501k-550k 21 7 1 0.1 18
551k-600k 13 2 0 39
601k-650k 7 2 0 21
651k-700k 4 0
701k-750k 8 1 0 48
751k-800k 8 1 1 0 48
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 397 181 19 0.1 13.2
26k-50k 345 104 9 0.1 19.9
51k-75k 132 45 1 0.1 17.6
76k-100k 80 22 1 0 21.8
101k-125k 46 12 3 0 23
126k-150k 33 8 1 0 24.8
151k-175k 19 11 0.1 10.4
176k-200k 22 3 0 44
201k-225k 18 5 0 21.6
226k-250k 14 2 0 42
251k-275k 14 5 1 0.1 16.8
276k-300k 25 4 2 0 37.5
301k-325k 11 1 0 66
326k-350k 17 2 0 51
351k-375k 6 3 0.1 12
376k-400k 13 1 0 78
401k-425k 4 2 0.1 12
426k-450k 9 1 0 54
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 5 0
651k-700k 1 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 7 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 1 0.1 18
2m-2.25m 3 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0