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
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 1 0.1 12
201k-225k 2 5 0.4 2.4
226k-250k 9 13 2 0.2 4.2
251k-275k 8 27 4 0.6 1.8
276k-300k 30 53 4 0.3 3.4
301k-325k 53 78 10 0.2 4.1
326k-350k 99 134 19 0.2 4.4
351k-375k 103 135 26 0.2 4.6
376k-400k 129 130 25 0.2 6
401k-425k 80 89 12 0.2 5.4
426k-450k 108 75 14 0.1 8.6
451k-475k 53 40 4 0.1 8
476k-500k 60 52 8 0.1 6.9
501k-550k 77 67 8 0.1 6.9
551k-600k 72 24 4 0.1 18
601k-650k 55 18 2 0.1 18.3
651k-700k 57 16 3 0 21.4
701k-750k 56 17 2 0.1 19.8
751k-800k 24 9 0.1 16
801k-850k 19 6 0.1 19
851k-900k 14 3 0 28
901k-950k 22 2 0 66
951k-1m 6 2 0.1 18
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 7 1.2 0
1.6m-1.7m 7 3 1.2 0
2.25m-2.5m 1 0
3m-3.5m 1 0
5.01m-6m 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
176k-200k 3 1 0.5 0
201k-225k 5 12 2 0.4 2.5
226k-250k 22 19 3 0.1 6.9
251k-275k 37 65 7 0.3 3.4
276k-300k 57 79 11 0.2 4.3
301k-325k 64 95 17 0.2 4
326k-350k 32 33 5 0.2 5.8
351k-375k 16 13 1 0.1 7.4
376k-400k 33 16 3 0.1 12.4
401k-425k 44 14 3 0.1 18.9
426k-450k 39 6 2 0 39
451k-475k 16 3 1 0 32
476k-500k 25 4 0 37.5
501k-550k 26 2 0 78
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
26k-50k 1 0.2 0
51k-75k 1 1 0.2 6
101k-125k 3 0.5 0
126k-150k 1 2 0.3 3
151k-175k 5 5 2 0.2 6
176k-200k 16 13 2 0.1 7.4
201k-225k 50 16 4 0.1 18.8
226k-250k 32 15 1 0.1 12.8
251k-275k 14 5 0.1 16.8
276k-300k 12 4 0.1 18
301k-325k 3 2 0.1 9
326k-350k 5 2 0.1 15
351k-375k 9 2 0 27
376k-400k 8 0
401k-425k 2 0
426k-450k 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 2 0.5 0
26k-50k 9 4 0.1 13.5
51k-75k 5 4 1 0.1 7.5
76k-100k 6 1 0 36
101k-125k 1 0
126k-150k 23 5 1 0 27.6
151k-175k 1 0
176k-200k 9 1 0 54
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0.2 0
276k-300k 3 0
301k-325k 1 0
326k-350k 6 0
351k-375k 1 0
376k-400k 1 0
451k-475k 1 0
476k-500k 1 0.2 0
551k-600k 2 0
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 1 0
1m-1.1m 1 0.2 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 2 0
2m-2.25m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
6.01m-7m 1 0