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 0.2 0
201k-225k 1 2 0.3 3
226k-250k 3 3 1 0.2 6
251k-275k 4 6 1 0.3 4
276k-300k 18 30 12 0.3 3.6
301k-325k 45 67 11 0.2 4
326k-350k 78 133 21 0.3 3.5
351k-375k 81 126 18 0.3 3.9
376k-400k 120 142 19 0.2 5.1
401k-425k 73 71 9 0.2 6.2
426k-450k 89 71 5 0.1 7.5
451k-475k 55 44 4 0.1 7.5
476k-500k 44 35 8 0.1 7.5
501k-550k 75 41 6 0.1 11
551k-600k 61 30 6 0.1 12.2
601k-650k 37 18 2 0.1 12.3
651k-700k 44 19 2 0.1 13.9
701k-750k 46 16 2 0.1 17.3
751k-800k 41 3 1 0 82
801k-850k 20 3 0 40
851k-900k 16 1 0 96
901k-950k 9 1 0 54
951k-1m 19 0
1m-1.1m 6 1 0 36
1.1m-1.2m 9 6 2 0.1 9
1.2m-1.3m 5 1 0 30
1.5m-1.6m 5 6 0.2 5
1.7m-1.8m 1 2 1 0.3 3
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 4 0.4 2.8
251k-275k 34 67 23 0.3 3
276k-300k 63 79 19 0.2 4.8
301k-325k 75 109 20 0.2 4.1
326k-350k 48 35 3 0.1 8.2
351k-375k 28 28 1 0.2 6
376k-400k 18 16 1 0.1 6.8
401k-425k 23 14 4 0.1 9.9
426k-450k 26 11 2 0.1 14.2
451k-475k 23 4 0 34.5
476k-500k 16 7 1 0.1 13.7
501k-550k 39 17 4 0.1 13.8
551k-600k 21 3 0 42
601k-650k 5 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
126k-150k 1 1 0.2 0
151k-175k 1 5 1 0.8 1.2
176k-200k 8 18 3 0.4 2.7
201k-225k 36 17 3 0.1 12.7
226k-250k 42 13 1 0.1 19.4
251k-275k 17 3 0 34
276k-300k 17 3 0 34
301k-325k 1 1 0.2 6
326k-350k 7 0
351k-375k 10 1 0 60
376k-400k 15 2 0 45
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 4 4 0.2 6
51k-75k 2 4 0.3 3
76k-100k 4 1 0 24
101k-125k 2 1 0.1 12
126k-150k 2 2 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 3 1 0.1 18
251k-275k 2 0
301k-325k 1 0.2 0
326k-350k 7 1 0 42
376k-400k 1 1 1 0.2 6
476k-500k 3 0
501k-550k 1 1 0.2 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
6.01m-7m 1 1 0.2 0