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 1 0.2 0
201k-225k 1 2 1 0.3 3
226k-250k 3 2 1 0.1 9
251k-275k 3 6 1 0.3 3
276k-300k 21 24 7 0.2 5.3
301k-325k 44 63 12 0.2 4.2
326k-350k 74 130 20 0.3 3.4
351k-375k 87 121 13 0.2 4.3
376k-400k 133 149 20 0.2 5.4
401k-425k 80 72 14 0.2 6.7
426k-450k 92 75 6 0.1 7.4
451k-475k 55 47 6 0.1 7
476k-500k 43 35 7 0.1 7.4
501k-550k 79 44 4 0.1 10.8
551k-600k 61 33 7 0.1 11.1
601k-650k 38 18 3 0.1 12.7
651k-700k 49 19 3 0.1 15.5
701k-750k 47 17 2 0.1 16.6
751k-800k 38 3 1 0 76
801k-850k 20 3 0 40
851k-900k 18 1 0 108
901k-950k 10 1 0 60
951k-1m 20 0
1m-1.1m 7 1 0 42
1.1m-1.2m 10 5 1 0.1 12
1.2m-1.3m 5 1 0 30
1.5m-1.6m 2 6 1 0.5 2
1.7m-1.8m 1 1 0.2 6
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 5 2 0.4 2.4
226k-250k 8 17 5 0.4 2.8
251k-275k 36 57 13 0.3 3.8
276k-300k 55 71 17 0.2 4.6
301k-325k 67 106 14 0.3 3.8
326k-350k 45 35 5 0.1 7.7
351k-375k 25 31 1 0.2 4.8
376k-400k 21 18 3 0.1 7
401k-425k 23 16 4 0.1 8.6
426k-450k 29 11 1 0.1 15.8
451k-475k 21 4 0 31.5
476k-500k 18 7 1 0.1 15.4
501k-550k 40 17 5 0.1 14.1
551k-600k 23 5 0 27.6
601k-650k 6 0
651k-700k 2 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 5 2 0.3 3.6
176k-200k 7 16 2 0.4 2.6
201k-225k 36 17 3 0.1 12.7
226k-250k 48 14 4 0 20.6
251k-275k 17 4 0 25.5
276k-300k 17 3 0 34
301k-325k 2 2 0.2 6
326k-350k 7 0
351k-375k 9 1 0 54
376k-400k 16 2 0 48
401k-425k 5 1 0 30
426k-450k 1 0
451k-475k 1 0
476k-500k 1 1 0.2 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 4 0.2 4.5
51k-75k 1 4 1 0.7 1.5
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 4 0
276k-300k 4 0
301k-325k 1 0.2 0
326k-350k 3 1 0.1 18
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 2 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0