Supply & Demand in Riverview, 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 % 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 1 0.2 0
176k-200k 1 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 2 3 2 0.3 4
251k-275k 3 14 1 0.8 1.3
276k-300k 14 40 10 0.5 2.1
301k-325k 15 60 13 0.7 1.5
326k-350k 54 101 12 0.3 3.2
351k-375k 52 89 14 0.3 3.5
376k-400k 56 61 18 0.2 5.5
401k-425k 48 66 11 0.2 4.4
426k-450k 54 75 10 0.2 4.3
451k-475k 34 42 9 0.2 4.9
476k-500k 34 37 2 0.2 5.5
501k-550k 27 41 5 0.3 4
551k-600k 24 30 4 0.2 4.8
601k-650k 14 15 3 0.2 5.6
651k-700k 13 12 2 0.2 6.5
701k-750k 10 8 2 0.1 7.5
751k-800k 12 12 2 0.2 6
801k-850k 12 4 0.1 18
851k-900k 7 6 0.1 7
901k-950k 1 1 0.2 6
951k-1m 1 1 0.2 6
1m-1.1m 3 2 0.1 9
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 3 1 0.1 18
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.9m-2m 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 2 2 0.3 0
176k-200k 6 12 4 0.3 3
201k-225k 9 30 4 0.6 1.8
226k-250k 21 16 1 0.1 7.9
251k-275k 20 16 2 0.1 7.5
276k-300k 20 7 2 0.1 17.1
301k-325k 3 1 0.1 18
326k-350k 2 1 0.1 12
351k-375k 2 2 1 0.2 6
376k-400k 2 0
401k-425k 1 0
426k-450k 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
126k-150k 3 1 0.5 0
151k-175k 9 6 1 0.1 9
176k-200k 7 1 0 42
201k-225k 3 0
226k-250k 1 5 2 0.8 1.2
251k-275k 2 1 0.3 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
26k-50k 1 0
51k-75k 1 2 0.3 3
76k-100k 1 0
101k-125k 3 1 0.1 18
126k-150k 1 2 0.3 3
151k-175k 1 0
176k-200k 1 0
201k-225k 1 0
226k-250k 3 0
276k-300k 1 0
301k-325k 1 0
326k-350k 3 0
401k-425k 2 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 1 0
801k-850k 1 0
851k-900k 1 1 0.2 6
901k-950k 1 1 0.2 0
1.1m-1.2m 3 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
6.01m-7m 1 0