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 1 0.2 0
101k-125k 1 0.2 0
151k-175k 1 2 1 0.3 3
176k-200k 1 0.2 0
201k-225k 1 6 1 1 1
226k-250k 7 8 2 0.2 5.3
251k-275k 8 29 5 0.6 1.7
276k-300k 26 51 4 0.3 3.1
301k-325k 57 85 19 0.2 4
326k-350k 87 145 16 0.3 3.6
351k-375k 104 130 12 0.2 4.8
376k-400k 134 139 21 0.2 5.8
401k-425k 85 84 10 0.2 6.1
426k-450k 92 59 9 0.1 9.4
451k-475k 48 33 4 0.1 8.7
476k-500k 60 42 6 0.1 8.6
501k-550k 81 59 5 0.1 8.2
551k-600k 63 21 3 0.1 18
601k-650k 39 23 4 0.1 10.2
651k-700k 56 17 2 0.1 19.8
701k-750k 43 11 0 23.5
751k-800k 30 12 2 0.1 15
801k-850k 17 5 0 20.4
851k-900k 14 3 0 28
901k-950k 9 0
951k-1m 7 2 0 21
1m-1.1m 4 1 0 24
1.1m-1.2m 9 0
1.2m-1.3m 3 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0.3 0
1.6m-1.7m 5 0.8 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
176k-200k 3 2 0.1 9
201k-225k 8 13 1 0.3 3.7
226k-250k 17 20 1 0.2 5.1
251k-275k 36 47 6 0.2 4.6
276k-300k 63 76 12 0.2 5
301k-325k 40 86 9 0.4 2.8
326k-350k 33 21 3 0.1 9.4
351k-375k 20 10 2 0.1 12
376k-400k 29 16 4 0.1 10.9
401k-425k 30 12 1 0.1 15
426k-450k 35 8 0 26.3
451k-475k 16 5 2 0.1 19.2
476k-500k 19 1 1 0 114
501k-550k 24 1 0 144
551k-600k 7 0
601k-650k 3 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
76k-100k 1 0
101k-125k 2 0.3 0
126k-150k 4 1 0 24
151k-175k 6 6 1 0.2 6
176k-200k 24 17 3 0.1 8.5
201k-225k 41 16 2 0.1 15.4
226k-250k 28 11 0.1 15.3
251k-275k 13 3 0 26
276k-300k 7 3 0.1 14
301k-325k 3 2 0.1 9
326k-350k 15 3 0 30
351k-375k 7 2 1 0 21
376k-400k 5 0
401k-425k 1 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 3 0.1 8
26k-50k 10 3 0.1 20
51k-75k 4 5 0.2 4.8
76k-100k 8 0
101k-125k 1 1 1 0.2 6
126k-150k 22 1 0 132
151k-175k 1 0
176k-200k 7 1 0 42
201k-225k 2 0
226k-250k 1 0
276k-300k 2 0
301k-325k 1 0
326k-350k 2 0
351k-375k 1 0
376k-400k 1 0
451k-475k 1 0
551k-600k 1 0
651k-700k 1 0
701k-750k 1 0
1.1m-1.2m 1 0
1.7m-1.8m 1 0
2m-2.25m 2 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
6.01m-7m 1 0