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 0.2 0
176k-200k 1 1 0.2 6
201k-225k 3 1 0.5 0
226k-250k 1 8 1.3 0.8
251k-275k 1 10 1 1.7 0.6
276k-300k 15 37 3 0.4 2.4
301k-325k 23 67 8 0.5 2.1
326k-350k 57 112 17 0.3 3.1
351k-375k 56 89 13 0.3 3.8
376k-400k 58 90 9 0.3 3.9
401k-425k 48 65 12 0.2 4.4
426k-450k 46 62 13 0.2 4.5
451k-475k 35 42 10 0.2 5
476k-500k 38 54 8 0.2 4.2
501k-550k 48 64 5 0.2 4.5
551k-600k 27 44 4 0.3 3.7
601k-650k 10 27 5 0.5 2.2
651k-700k 10 15 3 0.3 4
701k-750k 13 11 1 0.1 7.1
751k-800k 7 10 2 0.2 4.2
801k-850k 4 6 0.3 4
851k-900k 8 7 2 0.1 6.9
901k-950k 3 2 0.1 9
951k-1m 3 3 0.2 6
1m-1.1m 4 0.7 0
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 3 1 0.5 0
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 2 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
151k-175k 1 0.2 0
176k-200k 6 7 1 0.2 5.1
201k-225k 22 36 7 0.3 3.7
226k-250k 16 25 2 0.3 3.8
251k-275k 22 24 2 0.2 5.5
276k-300k 22 21 2 0.2 6.3
301k-325k 3 5 1 0.3 3.6
326k-350k 3 1 0.1 18
351k-375k 1 1 1 0.2 6

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 1 0.2 0
126k-150k 5 1 0.8 0
151k-175k 1 6 4 1 1
176k-200k 5 3 0.1 10
201k-225k 3 0
226k-250k 3 2 1 0.1 9
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
51k-75k 1 2 1 0.3 3
101k-125k 1 4 1 0.7 1.5
126k-150k 1 0.2 0
151k-175k 2 0
201k-225k 1 0
226k-250k 1 1 0.2 6
276k-300k 1 0.2 0
351k-375k 3 0
376k-400k 1 0
426k-450k 2 0
501k-550k 1 0
551k-600k 1 0
851k-900k 1 2 0.3 3
1.1m-1.2m 1 0
1.3m-1.4m 1 1 0.2 0
1.4m-1.5m 2 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