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 0.3 3
226k-250k 3 2 0.1 9
251k-275k 4 6 1 0.3 4
276k-300k 17 28 11 0.3 3.6
301k-325k 45 65 13 0.2 4.2
326k-350k 73 134 26 0.3 3.3
351k-375k 80 123 15 0.3 3.9
376k-400k 129 149 19 0.2 5.2
401k-425k 74 74 17 0.2 6
426k-450k 92 72 7 0.1 7.7
451k-475k 53 46 4 0.1 6.9
476k-500k 41 35 9 0.1 7
501k-550k 75 43 7 0.1 10.5
551k-600k 61 31 7 0.1 11.8
601k-650k 36 18 2 0.1 12
651k-700k 46 19 4 0.1 14.5
701k-750k 45 16 2 0.1 16.9
751k-800k 37 3 1 0 74
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 5 1 0.1 10.8
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 65 21 0.3 3.3
276k-300k 61 74 17 0.2 4.9
301k-325k 66 106 17 0.3 3.7
326k-350k 45 36 5 0.1 7.5
351k-375k 22 30 1 0.2 4.4
376k-400k 20 17 2 0.1 7.1
401k-425k 21 14 3 0.1 9
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 36 17 5 0.1 12.7
551k-600k 23 3 0 46
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
151k-175k 2 5 2 0.4 2.4
176k-200k 7 18 4 0.4 2.3
201k-225k 37 17 3 0.1 13.1
226k-250k 45 13 3 0 20.8
251k-275k 16 4 0 24
276k-300k 17 3 0 34
301k-325k 1 2 0.3 3
326k-350k 6 0
351k-375k 10 1 0 60
376k-400k 15 2 0 45
401k-425k 4 1 0 24
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 1 4 1 0.7 1.5
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 3 0
301k-325k 1 0.2 0
326k-350k 7 1 0 42
376k-400k 1 0
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