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 0
201k-225k 1 1 1 0.2 6
226k-250k 2 3 0.3 4
251k-275k 3 6 1 0.3 3
276k-300k 19 22 3 0.2 5.2
301k-325k 52 70 13 0.2 4.5
326k-350k 87 143 18 0.3 3.7
351k-375k 88 147 19 0.3 3.6
376k-400k 124 165 19 0.2 4.5
401k-425k 85 71 11 0.1 7.2
426k-450k 93 76 12 0.1 7.3
451k-475k 46 54 6 0.2 5.1
476k-500k 53 36 4 0.1 8.8
501k-550k 73 52 3 0.1 8.4
551k-600k 58 33 6 0.1 10.5
601k-650k 36 18 2 0.1 12
651k-700k 51 18 2 0.1 17
701k-750k 50 18 3 0.1 16.7
751k-800k 40 4 1 0 60
801k-850k 25 3 0 50
851k-900k 20 1 0 120
901k-950k 13 1 1 0 78
951k-1m 20 0
1m-1.1m 12 1 1 0 72
1.1m-1.2m 9 4 1 0.1 13.5
1.2m-1.3m 6 2 1 0.1 18
1.4m-1.5m 3 0.5 0
1.5m-1.6m 3 4 4 0.2 4.5
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
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 1 2 2 0.3 3
226k-250k 8 8 2 0.2 6
251k-275k 40 50 9 0.2 4.8
276k-300k 68 66 10 0.2 6.2
301k-325k 74 113 14 0.3 3.9
326k-350k 38 43 6 0.2 5.3
351k-375k 20 40 2 0.3 3
376k-400k 23 18 2 0.1 7.7
401k-425k 21 16 4 0.1 7.9
426k-450k 26 10 1 0.1 15.6
451k-475k 19 7 0.1 16.3
476k-500k 16 8 2 0.1 12
501k-550k 36 12 2 0.1 18
551k-600k 19 7 1 0.1 16.3
601k-650k 4 1 0 24
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 1 0.3 0
176k-200k 8 14 2 0.3 3.4
201k-225k 31 16 5 0.1 11.6
226k-250k 42 14 0.1 18
251k-275k 15 5 0.1 18
276k-300k 14 3 0 28
301k-325k 4 2 1 0.1 12
326k-350k 7 0
351k-375k 9 1 1 0 54
376k-400k 14 2 0 42
401k-425k 5 1 0 30
426k-450k 2 0
451k-475k 1 0
476k-500k 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 4 0.7 0
76k-100k 4 1 1 0 24
101k-125k 5 1 1 0 30
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 3 1 0.1 18
201k-225k 1 0
251k-275k 2 0
276k-300k 4 0
326k-350k 3 1 0.1 18
351k-375k 1 0
376k-400k 2 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
1.3m-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