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 0.1 9
251k-275k 3 6 1 0.3 3
276k-300k 20 24 7 0.2 5
301k-325k 46 62 11 0.2 4.5
326k-350k 73 133 22 0.3 3.3
351k-375k 86 122 16 0.2 4.2
376k-400k 133 150 22 0.2 5.3
401k-425k 79 73 14 0.2 6.5
426k-450k 93 74 7 0.1 7.5
451k-475k 55 45 5 0.1 7.3
476k-500k 44 34 7 0.1 7.8
501k-550k 78 45 7 0.1 10.4
551k-600k 61 32 7 0.1 11.4
601k-650k 39 18 3 0.1 13
651k-700k 50 19 3 0.1 15.8
701k-750k 48 16 2 0.1 18
751k-800k 38 3 1 0 76
801k-850k 21 3 0 42
851k-900k 18 1 0 108
901k-950k 10 1 0 60
951k-1m 21 0
1m-1.1m 6 1 0 36
1.1m-1.2m 10 5 1 0.1 12
1.2m-1.3m 5 1 0 30
1.5m-1.6m 5 6 1 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 36 62 18 0.3 3.5
276k-300k 63 71 16 0.2 5.3
301k-325k 67 106 15 0.3 3.8
326k-350k 47 35 5 0.1 8.1
351k-375k 23 30 1 0.2 4.6
376k-400k 22 18 3 0.1 7.3
401k-425k 23 15 3 0.1 9.2
426k-450k 28 10 1 0.1 16.8
451k-475k 21 4 0 31.5
476k-500k 18 7 1 0.1 15.4
501k-550k 39 17 5 0.1 13.8
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 3 0 20.6
251k-275k 18 4 0 27
276k-300k 17 3 0 34
301k-325k 2 2 0.2 6
326k-350k 7 0
351k-375k 10 1 0 60
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 4 1 0 24
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
6.01m-7m 1 1 0.2 0