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
51k-75k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 0
151k-175k 2 0.3 0
176k-200k 1 2 1 0.3 3
201k-225k 2 5 1 0.4 2.4
226k-250k 4 9 3 0.4 2.7
251k-275k 5 30 6 1 1
276k-300k 30 47 7 0.3 3.8
301k-325k 51 83 12 0.3 3.7
326k-350k 97 146 19 0.3 4
351k-375k 105 139 18 0.2 4.5
376k-400k 127 142 22 0.2 5.4
401k-425k 83 92 11 0.2 5.4
426k-450k 85 58 11 0.1 8.8
451k-475k 49 29 3 0.1 10.1
476k-500k 55 40 3 0.1 8.3
501k-550k 70 54 10 0.1 7.8
551k-600k 61 29 7 0.1 12.6
601k-650k 37 21 2 0.1 10.6
651k-700k 49 19 4 0.1 15.5
701k-750k 42 9 1 0 28
751k-800k 26 13 3 0.1 12
801k-850k 17 3 0 34
851k-900k 14 2 0 42
901k-950k 12 1 0 72
951k-1m 11 2 0 33
1m-1.1m 1 2 0.3 3
1.1m-1.2m 10 0
1.2m-1.3m 2 0
1.4m-1.5m 1 0
1.6m-1.7m 3 0.5 0
2.25m-2.5m 1 0

Townhouses % 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 3 3 0.2 6
201k-225k 9 11 1 0.2 4.9
226k-250k 22 16 2 0.1 8.3
251k-275k 33 47 6 0.2 4.2
276k-300k 70 63 5 0.2 6.7
301k-325k 43 84 9 0.3 3.1
326k-350k 36 19 2 0.1 11.4
351k-375k 18 17 6 0.2 6.4
376k-400k 32 17 2 0.1 11.3
401k-425k 26 9 0.1 17.3
426k-450k 31 6 0 31
451k-475k 14 5 1 0.1 16.8
476k-500k 16 1 0 96
501k-550k 16 0
551k-600k 9 0
601k-650k 5 0
651k-700k 1 0

Condos % 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
51k-75k 2 1 0.1 12
126k-150k 4 1 0 24
151k-175k 5 12 4 0.4 2.5
176k-200k 31 18 3 0.1 10.3
201k-225k 31 11 2 0.1 16.9
226k-250k 21 7 3 0.1 18
251k-275k 10 3 0.1 20
276k-300k 7 2 0 21
301k-325k 3 1 0.1 18
326k-350k 14 1 0 84
351k-375k 8 1 0 48
376k-400k 6 0
401k-425k 2 0
426k-450k 1 0
501k-550k 1 0

Land % 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 4 2 0.1 12
26k-50k 10 0
51k-75k 7 6 1 0.1 7
76k-100k 5 0
101k-125k 1 0.2 0
126k-150k 22 1 0 132
151k-175k 1 0
176k-200k 7 0
201k-225k 2 0
226k-250k 1 0
276k-300k 2 0
326k-350k 2 1 0.1 12
351k-375k 1 0
376k-400k 1 0
551k-600k 1 0
651k-700k 1 0
701k-750k 1 0
1.2m-1.3m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
6.01m-7m 1 0