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 21 22 6 0.2 5.7
301k-325k 44 70 19 0.3 3.8
326k-350k 79 135 22 0.3 3.5
351k-375k 89 131 20 0.2 4.1
376k-400k 132 154 18 0.2 5.1
401k-425k 83 72 14 0.1 6.9
426k-450k 93 77 10 0.1 7.2
451k-475k 54 49 8 0.2 6.6
476k-500k 45 34 5 0.1 7.9
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 4 2 0 58.5
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 8 14 7 0.3 3.4
251k-275k 38 51 10 0.2 4.5
276k-300k 53 72 24 0.2 4.4
301k-325k 70 113 17 0.3 3.7
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 15 5 0.1 8.8
426k-450k 29 11 1 0.1 15.8
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 23 6 0 23
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 48 14 3 0 20.6
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 4 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