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 17 21 3 0.2 4.9
301k-325k 52 68 12 0.2 4.6
326k-350k 85 138 17 0.3 3.7
351k-375k 86 135 17 0.3 3.8
376k-400k 125 154 11 0.2 4.9
401k-425k 81 68 8 0.1 7.1
426k-450k 90 75 10 0.1 7.2
451k-475k 44 50 5 0.2 5.3
476k-500k 53 34 3 0.1 9.4
501k-550k 73 50 4 0.1 8.8
551k-600k 57 32 6 0.1 10.7
601k-650k 39 19 3 0.1 12.3
651k-700k 48 19 3 0.1 15.2
701k-750k 50 16 2 0.1 18.8
751k-800k 40 3 1 0 80
801k-850k 25 3 0 50
851k-900k 19 2 1 0 57
901k-950k 13 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 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 1 3 3 0.5 2
226k-250k 8 11 5 0.2 4.4
251k-275k 34 48 10 0.2 4.3
276k-300k 68 69 18 0.2 5.9
301k-325k 71 106 9 0.2 4
326k-350k 37 39 6 0.2 5.7
351k-375k 20 33 2 0.3 3.6
376k-400k 25 18 3 0.1 8.3
401k-425k 21 16 5 0.1 7.9
426k-450k 25 10 0.1 15
451k-475k 20 7 0.1 17.1
476k-500k 17 7 2 0.1 14.6
501k-550k 34 12 1 0.1 17
551k-600k 19 7 1 0.1 16.3
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 3 2 0.5 0
176k-200k 8 14 2 0.3 3.4
201k-225k 33 16 3 0.1 12.4
226k-250k 42 14 1 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 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 4 1 0 24
101k-125k 5 1 0 30
126k-150k 2 1 0.1 12
151k-175k 1 0
176k-200k 2 1 0.1 12
201k-225k 1 0
251k-275k 2 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
1.3m-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