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
1k-25k 1 0
101k-125k 2 1 0.3 0
151k-175k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 2 7 4 0.6 1.7
226k-250k 8 11 1 0.2 4.4
251k-275k 7 24 2 0.6 1.8
276k-300k 27 50 7 0.3 3.2
301k-325k 46 80 12 0.3 3.5
326k-350k 89 152 36 0.3 3.5
351k-375k 104 138 27 0.2 4.5
376k-400k 124 139 34 0.2 5.4
401k-425k 90 79 11 0.1 6.8
426k-450k 99 68 7 0.1 8.7
451k-475k 49 34 8 0.1 8.6
476k-500k 48 49 11 0.2 5.9
501k-550k 89 60 6 0.1 8.9
551k-600k 68 20 1 0 20.4
601k-650k 55 19 2 0.1 17.4
651k-700k 60 17 3 0 21.2
701k-750k 47 15 1 0.1 18.8
751k-800k 26 10 3 0.1 15.6
801k-850k 25 6 1 0 25
851k-900k 14 4 2 0 21
901k-950k 12 1 0 72
951k-1m 7 3 2 0.1 14
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 8 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 4 0.7 0
1.6m-1.7m 7 1.2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
4.5m-5m 1 0

Townhouses 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
151k-175k 1 0
176k-200k 2 0.3 0
201k-225k 9 13 2 0.2 4.2
226k-250k 15 20 2 0.2 4.5
251k-275k 29 48 6 0.3 3.6
276k-300k 62 81 13 0.2 4.6
301k-325k 40 90 15 0.4 2.7
326k-350k 35 25 4 0.1 8.4
351k-375k 18 11 2 0.1 9.8
376k-400k 29 13 0.1 13.4
401k-425k 36 11 2 0.1 19.6
426k-450k 38 7 1 0 32.6
451k-475k 13 4 0.1 19.5
476k-500k 26 3 0 52
501k-550k 24 1 0 144
551k-600k 7 0
601k-650k 2 0
701k-750k 1 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
51k-75k 1 1 0.2 6
76k-100k 1 0
101k-125k 3 0.5 0
126k-150k 2 2 0.2 6
151k-175k 6 6 2 0.2 6
176k-200k 21 16 2 0.1 7.9
201k-225k 49 15 4 0.1 19.6
226k-250k 27 12 1 0.1 13.5
251k-275k 13 5 0.1 15.6
276k-300k 11 3 0 22
301k-325k 4 3 0.1 8
326k-350k 9 2 0 27
351k-375k 10 2 0 30
376k-400k 6 0
401k-425k 1 0
426k-450k 1 0
501k-550k 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 3 0.5 0
26k-50k 5 3 0.1 10
51k-75k 2 4 1 0.3 3
76k-100k 6 0
101k-125k 1 0
126k-150k 22 3 0 44
151k-175k 1 0
176k-200k 7 1 0 42
226k-250k 1 0
276k-300k 3 0
301k-325k 1 0
326k-350k 3 0
351k-375k 1 0
376k-400k 1 0
451k-475k 1 0
476k-500k 1 0.2 0
551k-600k 1 0
651k-700k 1 0
701k-750k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
3m-3.5m 3 0
3.5m-4m 1 0
6.01m-7m 1 0