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 0.2 6
226k-250k 2 4 1 0.3 3
251k-275k 4 6 1 0.3 4
276k-300k 19 21 2 0.2 5.4
301k-325k 48 69 13 0.2 4.2
326k-350k 86 141 18 0.3 3.7
351k-375k 84 139 19 0.3 3.6
376k-400k 127 161 15 0.2 4.7
401k-425k 78 70 10 0.1 6.7
426k-450k 93 75 10 0.1 7.4
451k-475k 44 54 9 0.2 4.9
476k-500k 52 34 3 0.1 9.2
501k-550k 74 50 3 0.1 8.9
551k-600k 59 33 7 0.1 10.7
601k-650k 38 20 4 0.1 11.4
651k-700k 49 19 3 0.1 15.5
701k-750k 49 16 2 0.1 18.4
751k-800k 39 3 1 0 78
801k-850k 25 3 0 50
851k-900k 18 2 1 0 54
901k-950k 13 1 0 78
951k-1m 19 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 1 1 0 36
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 5 3 0.4 2.4
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 3 3 3 0.2 6
226k-250k 7 14 8 0.3 3
251k-275k 29 49 11 0.3 3.6
276k-300k 58 69 18 0.2 5
301k-325k 77 108 10 0.2 4.3
326k-350k 36 40 7 0.2 5.4
351k-375k 21 34 3 0.3 3.7
376k-400k 22 18 3 0.1 7.3
401k-425k 24 16 5 0.1 9
426k-450k 22 10 0.1 13.2
451k-475k 19 7 0.1 16.3
476k-500k 17 7 1 0.1 14.6
501k-550k 35 12 1 0.1 17.5
551k-600k 19 6 1 0.1 19
601k-650k 5 1 0 30
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 1 3 2 0.5 2
176k-200k 9 15 3 0.3 3.6
201k-225k 34 16 3 0.1 12.8
226k-250k 40 15 2 0.1 16
251k-275k 15 5 0.1 18
276k-300k 15 3 0 30
301k-325k 2 2 0.2 6
326k-350k 7 0
351k-375k 9 1 0 54
376k-400k 14 2 0 42
401k-425k 6 1 0 36
426k-450k 1 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 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 0.2 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
1.2m-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