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 46 70 20 0.3 3.9
326k-350k 78 135 23 0.3 3.5
351k-375k 88 128 16 0.2 4.1
376k-400k 131 153 17 0.2 5.1
401k-425k 83 71 12 0.1 7
426k-450k 93 77 10 0.1 7.2
451k-475k 52 48 7 0.2 6.5
476k-500k 44 33 4 0.1 8
501k-550k 82 46 5 0.1 10.7
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 39 3 1 0 78
801k-850k 23 3 0 46
851k-900k 17 1 1 0 102
901k-950k 12 1 0 72
951k-1m 19 0
1m-1.1m 9 1 0 54
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 2 6 2 0.5 2
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 3 0.3 3
226k-250k 9 13 6 0.2 4.2
251k-275k 37 48 8 0.2 4.6
276k-300k 56 72 24 0.2 4.7
301k-325k 69 109 13 0.3 3.8
326k-350k 46 36 6 0.1 7.7
351k-375k 26 32 2 0.2 4.9
376k-400k 20 19 4 0.2 6.3
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 17 7 1 0.1 14.6
501k-550k 41 16 4 0.1 15.4
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 4 3 0.3 3
176k-200k 7 16 3 0.4 2.6
201k-225k 34 16 3 0.1 12.8
226k-250k 48 14 3 0 20.6
251k-275k 16 4 0 24
276k-300k 15 3 0 30
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 3 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