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
76k-100k 1 0
151k-175k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 3 3 1 0.2 6
251k-275k 8 6 0.1 8
276k-300k 22 29 9 0.2 4.6
301k-325k 43 67 8 0.3 3.9
326k-350k 81 131 17 0.3 3.7
351k-375k 90 122 16 0.2 4.4
376k-400k 130 141 17 0.2 5.5
401k-425k 69 71 10 0.2 5.8
426k-450k 90 71 7 0.1 7.6
451k-475k 55 44 5 0.1 7.5
476k-500k 46 35 6 0.1 7.9
501k-550k 79 40 5 0.1 11.9
551k-600k 63 29 4 0.1 13
601k-650k 39 18 1 0.1 13
651k-700k 46 17 2 0.1 16.2
701k-750k 47 15 1 0.1 18.8
751k-800k 39 3 1 0 78
801k-850k 20 3 0 40
851k-900k 17 1 0 102
901k-950k 9 1 0 54
951k-1m 19 0
1m-1.1m 5 1 0 30
1.1m-1.2m 10 6 2 0.1 10
1.2m-1.3m 6 1 0 36
1.3m-1.4m 1 0
1.5m-1.6m 4 6 0.3 4
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 7 17 4 0.4 2.5
251k-275k 34 67 22 0.3 3
276k-300k 65 79 17 0.2 4.9
301k-325k 86 107 18 0.2 4.8
326k-350k 50 35 5 0.1 8.6
351k-375k 31 25 1 0.1 7.4
376k-400k 18 17 2 0.2 6.4
401k-425k 23 14 5 0.1 9.9
426k-450k 24 11 2 0.1 13.1
451k-475k 24 3 0 48
476k-500k 18 7 2 0.1 15.4
501k-550k 37 14 2 0.1 15.9
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 11 17 2 0.3 3.9
201k-225k 33 17 3 0.1 11.6
226k-250k 48 12 1 0 24
251k-275k 17 3 0 34
276k-300k 16 3 0 32
301k-325k 1 1 0.2 6
326k-350k 8 0
351k-375k 11 1 0 66
376k-400k 14 2 0 42
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 6 4 0.1 9
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 3 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
6.01m-7m 1 1 0.2 0