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 5 22 7 0.7 1.4
301k-325k 12 46 6 0.6 1.6
326k-350k 33 81 10 0.4 2.4
351k-375k 41 102 19 0.4 2.4
376k-400k 62 128 20 0.3 2.9
401k-425k 47 110 9 0.4 2.6
426k-450k 47 76 8 0.3 3.7
451k-475k 32 53 7 0.3 3.6
476k-500k 42 51 7 0.2 4.9
501k-550k 44 66 8 0.3 4
551k-600k 25 48 10 0.3 3.1
601k-650k 24 30 3 0.2 4.8
651k-700k 7 25 3 0.6 1.7
701k-750k 9 7 2 0.1 7.7
751k-800k 5 8 1 0.3 3.8
801k-850k 6 7 2 0.2 5.1
851k-900k 8 7 1 0.1 6.9
901k-950k 6 0
951k-1m 1 4 0.7 1.5
1m-1.1m 1 2 0.3 3
1.2m-1.3m 1 0
1.3m-1.4m 1 1 0.2 6
1.8m-1.9m 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 0.3 3
201k-225k 8 16 5 0.3 3
226k-250k 38 19 1 0.1 12
251k-275k 17 15 0.1 6.8
276k-300k 27 13 2 0.1 12.5
301k-325k 16 18 4 0.2 5.3
326k-350k 8 8 0.2 6
351k-375k 3 6 1 0.3 3
376k-400k 12 1 2 0
401k-425k 3 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 6
151k-175k 4 0.7 0
176k-200k 3 4 0.2 4.5
201k-225k 4 6 0.3 4
226k-250k 1 1 0.2 6
251k-275k 1 1 0.2 0
276k-300k 1 2 0.3 3
301k-325k 1 1 0.2 6
326k-350k 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 0.2 0
26k-50k 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 2 1 0.1 12
151k-175k 1 2 0.3 3
176k-200k 2 0
226k-250k 2 0
326k-350k 2 0
376k-400k 1 2 1 0.3 3
476k-500k 1 0.2 0
601k-650k 1 0
651k-700k 2 0
751k-800k 1 0.2 0
851k-900k 4 0
901k-950k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
5.01m-6m 1 0