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 1 1 0.2 0
151k-175k 3 0.5 0
176k-200k 1 2 0.3 3
201k-225k 2 2 0.2 6
226k-250k 4 8 2 0.3 3
251k-275k 10 30 4 0.5 2
276k-300k 33 51 12 0.3 3.9
301k-325k 65 89 17 0.2 4.4
326k-350k 88 133 21 0.3 4
351k-375k 110 146 23 0.2 4.5
376k-400k 128 127 21 0.2 6
401k-425k 72 76 9 0.2 5.7
426k-450k 79 51 11 0.1 9.3
451k-475k 51 31 6 0.1 9.9
476k-500k 61 33 11 0.1 11.1
501k-550k 71 53 6 0.1 8
551k-600k 56 32 2 0.1 10.5
601k-650k 49 21 2 0.1 14
651k-700k 63 18 1 0 21
701k-750k 42 7 2 0 36
751k-800k 28 12 0.1 14
801k-850k 15 4 0 22.5
851k-900k 12 3 2 0 24
901k-950k 8 1 0 48
951k-1m 13 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 6 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.9m-2m 1 0
2m-2.25m 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
101k-125k 2 2 0.3 0
176k-200k 4 1 0 24
201k-225k 10 8 1 0.1 7.5
226k-250k 25 20 4 0.1 7.5
251k-275k 40 37 7 0.2 6.5
276k-300k 50 75 19 0.3 4
301k-325k 31 49 5 0.3 3.8
326k-350k 31 12 1 0.1 15.5
351k-375k 38 16 3 0.1 14.3
376k-400k 35 18 2 0.1 11.7
401k-425k 25 6 1 0 25
426k-450k 25 4 0 37.5
451k-475k 20 5 1 0 24
476k-500k 20 4 1 0 30
501k-550k 17 0
551k-600k 4 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 3 2 0.1 9
101k-125k 1 0
126k-150k 3 5 1 0.3 3.6
151k-175k 14 12 3 0.1 7
176k-200k 32 24 3 0.1 8
201k-225k 26 12 1 0.1 13
226k-250k 21 6 0 21
251k-275k 8 3 1 0.1 16
276k-300k 18 2 1 0 54
301k-325k 6 1 0 36
326k-350k 11 0
351k-375k 6 1 0 36
376k-400k 6 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 4 0.1 10.5
76k-100k 8 0
101k-125k 1 2 1 0.3 3
126k-150k 26 0
151k-175k 2 0
176k-200k 5 0
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 3 1 0.1 18
301k-325k 1 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
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 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
51.01m-52m 2 0.3 0