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
126k-150k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 3 1 0.5 2
226k-250k 2 4 1 0.3 3
251k-275k 8 13 6 0.3 3.7
276k-300k 9 39 6 0.7 1.4
301k-325k 29 62 10 0.4 2.8
326k-350k 47 114 25 0.4 2.5
351k-375k 57 87 17 0.3 3.9
376k-400k 53 61 9 0.2 5.2
401k-425k 42 63 12 0.3 4
426k-450k 57 73 12 0.2 4.7
451k-475k 33 34 4 0.2 5.8
476k-500k 30 42 10 0.2 4.3
501k-550k 36 44 6 0.2 4.9
551k-600k 20 33 5 0.3 3.6
601k-650k 9 16 1 0.3 3.4
651k-700k 11 14 1 0.2 4.7
701k-750k 11 6 1 0.1 11
751k-800k 10 12 3 0.2 5
801k-850k 11 3 1 0 22
851k-900k 9 4 0.1 13.5
901k-950k 1 1 0.2 6
951k-1m 1 2 1 0.3 3
1m-1.1m 2 0.3 0
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 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
101k-125k 1 0.2 0
176k-200k 9 9 3 0.2 6
201k-225k 16 33 9 0.3 2.9
226k-250k 17 16 4 0.2 6.4
251k-275k 16 17 3 0.2 5.6
276k-300k 26 10 2 0.1 15.6
301k-325k 4 5 0.2 4.8
326k-350k 2 0
351k-375k 2 1 0.1 12
376k-400k 2 0
401k-425k 1 0
501k-550k 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
101k-125k 1 0.2 0
126k-150k 2 1 0.3 0
151k-175k 8 6 0.1 8
176k-200k 2 1 1 0.1 12
201k-225k 4 0
226k-250k 2 2 1 0.2 6
251k-275k 4 0.7 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 2 0.3 0
76k-100k 1 0
101k-125k 1 1 0.2 6
126k-150k 1 2 2 0.3 3
151k-175k 1 0
176k-200k 1 0
201k-225k 1 0
226k-250k 3 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 3 0
401k-425k 1 0
476k-500k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
851k-900k 2 1 0.1 12
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
5.01m-6m 1 0
6.01m-7m 1 0