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 6 1 0.3 4
276k-300k 3 18 4 1 1
301k-325k 18 50 12 0.5 2.2
326k-350k 36 85 12 0.4 2.5
351k-375k 49 112 22 0.4 2.6
376k-400k 65 127 16 0.3 3.1
401k-425k 50 123 11 0.4 2.4
426k-450k 50 92 8 0.3 3.3
451k-475k 34 54 7 0.3 3.8
476k-500k 39 54 5 0.2 4.3
501k-550k 45 68 12 0.3 4
551k-600k 26 55 10 0.4 2.8
601k-650k 24 33 6 0.2 4.4
651k-700k 15 27 3 0.3 3.3
701k-750k 8 8 2 0.2 6
751k-800k 5 10 0.3 3
801k-850k 7 6 0.1 7
851k-900k 8 7 0.1 6.9
901k-950k 2 1 0.1 12
951k-1m 2 4 1 0.3 3
1m-1.1m 1 3 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
1.9m-2m 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 8 12 3 0.3 4
226k-250k 38 26 3 0.1 8.8
251k-275k 22 20 2 0.2 6.6
276k-300k 29 17 1 0.1 10.2
301k-325k 14 15 1 0.2 5.6
326k-350k 7 10 3 0.2 4.2
351k-375k 3 6 2 0.3 3
376k-400k 11 3 1.8 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 8 2 0.4 2.3
201k-225k 6 8 0.2 4.5
226k-250k 1 1 0.2 0
251k-275k 1 1 1 0.2 6
276k-300k 2 4 1 0.3 3
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6

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 1 0
226k-250k 2 0
326k-350k 2 0
376k-400k 1 1 0.2 6
476k-500k 1 1 0.2 6
601k-650k 1 0
651k-700k 2 0
751k-800k 1 1 0.2 0
851k-900k 3 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