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 2 1 0.3 0
126k-150k 2 0
151k-175k 3 0.5 0
176k-200k 2 1 0.3 0
201k-225k 2 5 0.4 2.4
226k-250k 4 7 0.3 3.4
251k-275k 6 31 8 0.9 1.2
276k-300k 30 45 3 0.3 4
301k-325k 62 89 11 0.2 4.2
326k-350k 98 140 23 0.2 4.2
351k-375k 111 142 28 0.2 4.7
376k-400k 129 139 23 0.2 5.6
401k-425k 78 79 11 0.2 5.9
426k-450k 66 48 4 0.1 8.3
451k-475k 50 27 4 0.1 11.1
476k-500k 58 38 3 0.1 9.2
501k-550k 72 51 10 0.1 8.5
551k-600k 54 28 5 0.1 11.6
601k-650k 44 22 3 0.1 12
651k-700k 55 18 5 0.1 18.3
701k-750k 49 7 2 0 42
751k-800k 28 15 3 0.1 11.2
801k-850k 16 4 0 24
851k-900k 14 2 0 42
901k-950k 8 1 0 48
951k-1m 15 2 0 45
1m-1.1m 2 2 0.2 6
1.1m-1.2m 9 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
2.25m-2.5m 1 0
4.5m-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
151k-175k 1 0
176k-200k 3 1 0.1 18
201k-225k 9 9 1 0.2 6
226k-250k 23 17 6 0.1 8.1
251k-275k 43 36 3 0.1 7.2
276k-300k 67 62 10 0.2 6.5
301k-325k 38 67 6 0.3 3.4
326k-350k 32 13 1 0.1 14.8
351k-375k 29 15 2 0.1 11.6
376k-400k 31 15 4 0.1 12.4
401k-425k 29 8 2 0 21.8
426k-450k 30 4 0 45
451k-475k 16 3 0 32
476k-500k 15 2 0 45
501k-550k 18 0
551k-600k 5 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 1 2 1 0.3 3
101k-125k 1 0
126k-150k 3 4 2 0.2 4.5
151k-175k 11 9 0.1 7.3
176k-200k 19 22 6 0.2 5.2
201k-225k 26 12 2 0.1 13
226k-250k 21 7 1 0.1 18
251k-275k 11 3 0 22
276k-300k 12 1 0 72
301k-325k 2 2 0.2 6
326k-350k 11 1 0 66
351k-375k 9 1 0 54
376k-400k 5 0
401k-425k 1 0
426k-450k 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 5 1 0 30
26k-50k 8 0
51k-75k 7 5 2 0.1 8.4
76k-100k 5 0
101k-125k 1 1 0.2 6
126k-150k 23 0
151k-175k 1 0
176k-200k 7 0
201k-225k 2 0
226k-250k 1 1 0.2 0
276k-300k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 1 0
376k-400k 1 0
551k-600k 1 0
651k-700k 1 0
701k-750k 2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.7m-1.8m 2 0
2m-2.25m 3 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
51.01m-52m 2 0.3 0