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 7 1 0.4 2.6
276k-300k 20 22 6 0.2 5.5
301k-325k 45 70 19 0.3 3.9
326k-350k 80 135 22 0.3 3.6
351k-375k 89 128 17 0.2 4.2
376k-400k 132 153 17 0.2 5.2
401k-425k 84 71 13 0.1 7.1
426k-450k 92 77 10 0.1 7.2
451k-475k 54 48 7 0.1 6.8
476k-500k 44 33 4 0.1 8
501k-550k 81 46 5 0.1 10.6
551k-600k 59 32 8 0.1 11.1
601k-650k 37 20 4 0.1 11.1
651k-700k 49 19 5 0.1 15.5
701k-750k 50 17 2 0.1 17.6
751k-800k 40 4 2 0 60
801k-850k 22 3 0 44
851k-900k 17 1 1 0 102
901k-950k 12 1 0 72
951k-1m 20 0
1m-1.1m 8 1 0 48
1.1m-1.2m 9 4 0.1 13.5
1.2m-1.3m 6 1 0 36
1.4m-1.5m 3 0.5 0
1.5m-1.6m 4 6 2 0.3 4
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 4 2 0.3 3
226k-250k 9 13 6 0.2 4.2
251k-275k 38 51 10 0.2 4.5
276k-300k 54 72 24 0.2 4.5
301k-325k 72 111 15 0.3 3.9
326k-350k 45 36 6 0.1 7.5
351k-375k 26 32 2 0.2 4.9
376k-400k 21 19 4 0.2 6.6
401k-425k 22 14 4 0.1 9.4
426k-450k 28 11 1 0.1 15.3
451k-475k 21 4 0 31.5
476k-500k 18 7 1 0.1 15.4
501k-550k 41 17 5 0.1 14.5
551k-600k 22 6 0 22
601k-650k 6 1 0 36
651k-700k 1 0
701k-750k 1 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 4 0.4 2.4
176k-200k 7 16 3 0.4 2.6
201k-225k 35 16 2 0.1 13.1
226k-250k 47 14 3 0 20.1
251k-275k 16 4 0 24
276k-300k 16 3 0 32
301k-325k 3 2 0.1 9
326k-350k 6 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

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 5 0.3 3.6
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 3 0
276k-300k 4 0
301k-325k 1 1 1 0.2 6
326k-350k 4 1 0 24
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 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0