Supply & Demand in 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
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 1 4 1 0.7 1.5
251k-275k 7 8 3 0.2 5.3
276k-300k 5 27 10 0.9 1.1
301k-325k 12 51 8 0.7 1.4
326k-350k 34 75 15 0.4 2.7
351k-375k 59 102 25 0.3 3.5
376k-400k 84 97 13 0.2 5.2
401k-425k 53 64 10 0.2 5
426k-450k 55 38 9 0.1 8.7
451k-475k 54 47 8 0.1 6.9
476k-500k 55 34 4 0.1 9.7
501k-550k 59 46 8 0.1 7.7
551k-600k 43 41 5 0.2 6.3
601k-650k 33 21 4 0.1 9.4
651k-700k 10 8 0.1 7.5
701k-750k 10 7 2 0.1 8.6
751k-800k 12 3 1 0 24
801k-850k 9 5 1 0.1 10.8
851k-900k 10 4 1 0.1 15
901k-950k 4 1 0 24
951k-1m 1 2 0.3 3
1m-1.1m 3 2 0.1 9
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 3 1 0.1 18
2m-2.25m 2 0
2.25m-2.5m 1 0

Townhouses 1% 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 2 3 1 0.3 4
201k-225k 17 22 4 0.2 4.6
226k-250k 22 22 6 0.2 6
251k-275k 28 16 5 0.1 10.5
276k-300k 27 21 4 0.1 7.7
301k-325k 11 13 2 0.2 5.1
326k-350k 4 4 1 0.2 6
351k-375k 2 1 0.3 0
376k-400k 1 4 0.7 1.5
501k-550k 1 1 0.2 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
101k-125k 1 1 0.2 0
126k-150k 3 3 0.5 0
151k-175k 3 2 0.5 0
176k-200k 3 5 0.3 3.6
201k-225k 5 0
226k-250k 1 1 0.2 6
251k-275k 4 4 1 0.2 6
276k-300k 2 0
301k-325k 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 0
26k-50k 2 1 1 0.1 12
51k-75k 2 1 0.3 0
76k-100k 1 0
101k-125k 1 0
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 1 0.2 0
226k-250k 3 0
326k-350k 1 0
351k-375k 1 0
376k-400k 2 1 0.1 12
426k-450k 1 0
501k-550k 1 0.2 0
651k-700k 1 0
751k-800k 1 0.2 0
851k-900k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 2 0
5.01m-6m 2 0