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
76k-100k 1 0
151k-175k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 3 3 1 0.2 6
251k-275k 4 6 1 0.3 4
276k-300k 21 30 10 0.2 4.2
301k-325k 46 66 9 0.2 4.2
326k-350k 80 134 21 0.3 3.6
351k-375k 89 122 18 0.2 4.4
376k-400k 129 141 18 0.2 5.5
401k-425k 68 72 10 0.2 5.7
426k-450k 92 73 7 0.1 7.6
451k-475k 55 44 5 0.1 7.5
476k-500k 46 35 8 0.1 7.9
501k-550k 80 41 5 0.1 11.7
551k-600k 60 30 6 0.1 12
601k-650k 40 18 1 0.1 13.3
651k-700k 44 17 2 0.1 15.5
701k-750k 47 16 1 0.1 17.6
751k-800k 39 3 1 0 78
801k-850k 20 3 0 40
851k-900k 16 1 0 96
901k-950k 10 1 0 60
951k-1m 19 0
1m-1.1m 5 1 0 30
1.1m-1.2m 9 6 2 0.1 9
1.2m-1.3m 6 1 0 36
1.5m-1.6m 5 6 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 33 66 23 0.3 3
276k-300k 66 80 19 0.2 5
301k-325k 86 109 20 0.2 4.7
326k-350k 47 36 4 0.1 7.8
351k-375k 31 27 1 0.1 6.9
376k-400k 17 17 2 0.2 6
401k-425k 23 14 5 0.1 9.9
426k-450k 25 11 2 0.1 13.6
451k-475k 24 4 0 36
476k-500k 17 6 1 0.1 17
501k-550k 38 16 3 0.1 14.3
551k-600k 21 3 0 42
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
126k-150k 1 1 0.2 0
151k-175k 1 5 1 0.8 1.2
176k-200k 10 17 3 0.3 3.5
201k-225k 34 17 3 0.1 12
226k-250k 46 13 1 0 21.2
251k-275k 18 3 0 36
276k-300k 16 3 0 32
301k-325k 1 1 0.2 6
326k-350k 8 0
351k-375k 11 1 0 66
376k-400k 14 2 0 42
401k-425k 5 1 0 30
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 2 4 0.3 3
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 2 0
301k-325k 1 0.2 0
326k-350k 7 1 0 42
376k-400k 1 1 1 0.2 6
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 3 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