Absorption Report

Riverview, 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 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 2 3 0.3 4
251k-275k 4 5 1 0.2 4.8
276k-300k 3 18 3 1 1
301k-325k 19 50 11 0.4 2.3
326k-350k 36 88 12 0.4 2.5
351k-375k 48 108 19 0.4 2.7
376k-400k 69 129 17 0.3 3.2
401k-425k 49 126 13 0.4 2.3
426k-450k 56 92 10 0.3 3.7
451k-475k 33 54 9 0.3 3.7
476k-500k 41 55 5 0.2 4.5
501k-550k 44 67 10 0.3 3.9
551k-600k 24 54 7 0.4 2.7
601k-650k 23 33 5 0.2 4.2
651k-700k 16 27 3 0.3 3.6
701k-750k 8 8 2 0.2 6
751k-800k 5 10 0.3 3
801k-850k 7 8 0.2 5.3
851k-900k 9 7 0.1 7.7
901k-950k 1 1 0.2 6
951k-1m 2 4 1 0.3 3
1m-1.1m 1 3 1 0.5 2
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 2 0.3 3
1.8m-1.9m 1 0
3.5m-4m 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
176k-200k 1 2 1 0.3 3
201k-225k 7 11 4 0.3 3.8
226k-250k 34 27 4 0.1 7.6
251k-275k 23 22 2 0.2 6.3
276k-300k 32 16 0.1 12
301k-325k 15 16 2 0.2 5.6
326k-350k 8 11 3 0.2 4.4
351k-375k 3 6 2 0.3 3
376k-400k 10 4 1.7 0
401k-425k 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 2 0.3 3
151k-175k 1 5 0.8 1.2
176k-200k 3 7 1 0.4 2.6
201k-225k 6 9 0.3 4
226k-250k 1 1 0.2 0
251k-275k 1 0
276k-300k 1 4 1 0.7 1.5
301k-325k 1 0.2 0
326k-350k 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 0.2 0
26k-50k 1 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 2 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 2 0
226k-250k 2 0
326k-350k 1 0
376k-400k 1 1 0.2 6
476k-500k 1 1 0.2 6
501k-550k 1 0
601k-650k 1 0
651k-700k 3 0
751k-800k 1 1 0.2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
5.01m-6m 1 0