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 0.5 0
226k-250k 1 9 3 1.5 0.7
251k-275k 3 13 1 0.7 1.4
276k-300k 10 34 5 0.6 1.8
301k-325k 21 53 13 0.4 2.4
326k-350k 64 94 18 0.2 4.1
351k-375k 46 118 13 0.4 2.3
376k-400k 64 108 16 0.3 3.6
401k-425k 57 65 10 0.2 5.3
426k-450k 65 60 14 0.2 6.5
451k-475k 39 50 3 0.2 4.7
476k-500k 47 54 11 0.2 5.2
501k-550k 52 69 16 0.2 4.5
551k-600k 38 47 13 0.2 4.9
601k-650k 16 29 5 0.3 3.3
651k-700k 10 13 3 0.2 4.6
701k-750k 8 11 2 0.2 4.4
751k-800k 14 7 1 0.1 12
801k-850k 9 6 1 0.1 9
851k-900k 5 5 2 0.2 6
901k-950k 2 6 0.5 2
951k-1m 1 2 1 0.3 3
1m-1.1m 2 3 1 0.3 4
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 2 1 0.3 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 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
151k-175k 1 1 0.2 6
176k-200k 3 7 1 0.4 2.6
201k-225k 26 24 7 0.2 6.5
226k-250k 20 26 5 0.2 4.6
251k-275k 21 34 4 0.3 3.7
276k-300k 20 27 4 0.2 4.4
301k-325k 9 7 0.1 7.7
326k-350k 3 6 0.3 3
351k-375k 1 0.2 0
376k-400k 1 0
501k-550k 1 0.2 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 1 6 1 1
151k-175k 1 3 1 0.5 2
176k-200k 7 6 2 0.1 7
201k-225k 6 0
226k-250k 1 0.2 0
251k-275k 4 3 0.1 8

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 1 0.3 0
76k-100k 1 0.2 0
101k-125k 1 1 0.2 6
126k-150k 1 2 0.3 3
151k-175k 1 0
226k-250k 2 1 0.1 12
351k-375k 2 0
376k-400k 3 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
1.5m-1.6m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0