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 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
176k-200k 1 0.2 0
201k-225k 3 1 0.5 0
226k-250k 9 4 1.5 0
251k-275k 2 13 1 1.1 0.9
276k-300k 9 41 12 0.8 1.3
301k-325k 26 59 15 0.4 2.6
326k-350k 51 106 27 0.3 2.9
351k-375k 51 106 10 0.3 2.9
376k-400k 75 108 17 0.2 4.2
401k-425k 55 66 11 0.2 5
426k-450k 60 58 8 0.2 6.2
451k-475k 40 46 4 0.2 5.2
476k-500k 45 55 9 0.2 4.9
501k-550k 48 69 8 0.2 4.2
551k-600k 31 44 5 0.2 4.2
601k-650k 14 25 2 0.3 3.4
651k-700k 11 14 2 0.2 4.7
701k-750k 13 14 1 0.2 5.6
751k-800k 12 8 3 0.1 9
801k-850k 5 8 0.3 3.8
851k-900k 8 6 0.1 8
901k-950k 7 1.2 0
951k-1m 3 3 1 0.2 6
1m-1.1m 2 3 1 0.3 4
1.1m-1.2m 1 2 1 0.3 3
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 2 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
101k-125k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 8 2 0.7 1.5
201k-225k 25 30 6 0.2 5
226k-250k 19 24 3 0.2 4.8
251k-275k 22 30 3 0.2 4.4
276k-300k 22 25 3 0.2 5.3
301k-325k 6 7 3 0.2 5.1
326k-350k 3 6 0.3 3
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 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
101k-125k 1 0.2 0
126k-150k 5 0.8 0
151k-175k 4 2 0.1 12
176k-200k 7 3 0.1 14
201k-225k 2 0
226k-250k 2 1 0.1 12
251k-275k 3 5 2 0.3 3.6

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 1 0.2 0
26k-50k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 1 0.2 0
101k-125k 3 3 0.2 6
126k-150k 1 0.2 0
151k-175k 1 0
226k-250k 2 1 0.1 12
276k-300k 1 1 0.2 0
351k-375k 3 0
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0
551k-600k 1 0
851k-900k 2 2 0.2 6
901k-950k 1 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
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0