Supply & Demand in 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
126k-150k 1 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 0.2 0
201k-225k 3 1 0.5 0
226k-250k 6 5 2 0.1 7.2
251k-275k 9 8 5 0.1 6.8
276k-300k 36 41 12 0.2 5.3
301k-325k 51 74 14 0.2 4.1
326k-350k 94 120 19 0.2 4.7
351k-375k 114 108 19 0.2 6.3
376k-400k 136 121 24 0.1 6.7
401k-425k 95 74 11 0.1 7.7
426k-450k 95 68 12 0.1 8.4
451k-475k 60 42 8 0.1 8.6
476k-500k 64 41 10 0.1 9.4
501k-550k 78 44 11 0.1 10.6
551k-600k 67 30 4 0.1 13.4
601k-650k 60 17 3 0 21.2
651k-700k 62 16 4 0 23.3
701k-750k 55 15 2 0 22
751k-800k 41 7 3 0 35.1
801k-850k 20 2 1 0 60
851k-900k 18 2 0 54
901k-950k 16 3 1 0 32
951k-1m 15 2 1 0 45
1m-1.1m 4 1 0 24
1.1m-1.2m 9 4 0.1 13.5
1.2m-1.3m 6 1 0 36
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 9 3 0.8 1.3
1.6m-1.7m 2 0
1.7m-1.8m 1 3 0.5 2
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 1 0.2 0
201k-225k 1 7 1 1.2 0.9
226k-250k 9 17 0.3 3.2
251k-275k 39 87 15 0.4 2.7
276k-300k 80 85 15 0.2 5.6
301k-325k 64 120 21 0.3 3.2
326k-350k 48 33 7 0.1 8.7
351k-375k 18 15 4 0.1 7.2
376k-400k 19 11 2 0.1 10.4
401k-425k 32 17 3 0.1 11.3
426k-450k 45 6 0 45
451k-475k 28 0
476k-500k 29 5 1 0 34.8
501k-550k 31 9 1 0 20.7
551k-600k 19 0
601k-650k 5 0
651k-700k 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
76k-100k 1 0
126k-150k 1 0.2 0
151k-175k 8 9 1 0.2 5.3
176k-200k 14 11 1 0.1 7.6
201k-225k 44 15 4 0.1 17.6
226k-250k 39 9 3 0 26
251k-275k 27 0
276k-300k 14 2 0 42
301k-325k 6 1 0 36
326k-350k 6 1 0 36
351k-375k 12 1 0 72
376k-400k 11 0
401k-425k 7 0
426k-450k 1 0
451k-475k 1 0
476k-500k 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
26k-50k 14 3 1 0 28
51k-75k 6 2 1 0.1 18
76k-100k 3 2 1 0.1 9
101k-125k 4 1 0 24
126k-150k 1 3 1 0.5 2
151k-175k 3 0
176k-200k 4 0
226k-250k 1 0
251k-275k 1 1 0.2 0
276k-300k 1 0.2 0
301k-325k 2 0.3 0
326k-350k 8 0
351k-375k 1 0
376k-400k 1 1 0.2 6
426k-450k 1 0
476k-500k 1 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 1 0
1m-1.1m 1 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
6.01m-7m 1 1 0.2 6