Absorption Report

Lake Wales, 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
26k-50k 1 0
76k-100k 1 0.2 0
101k-125k 3 6 1 0.3 3
126k-150k 2 5 0.4 2.4
151k-175k 5 6 2 0.2 5
176k-200k 12 7 0.1 10.3
201k-225k 15 21 3 0.2 4.3
226k-250k 23 23 4 0.2 6
251k-275k 28 23 3 0.1 7.3
276k-300k 36 48 9 0.2 4.5
301k-325k 34 40 4 0.2 5.1
326k-350k 38 24 5 0.1 9.5
351k-375k 18 9 1 0.1 12
376k-400k 13 8 4 0.1 9.8
401k-425k 3 5 1 0.3 3.6
426k-450k 9 3 0.1 18
451k-475k 3 2 0.1 9
476k-500k 5 6 1 0.2 5
501k-550k 7 8 2 0.2 5.3
551k-600k 3 2 1 0.1 9
601k-650k 3 1 0.1 18
651k-700k 1 2 0.3 3
701k-750k 1 2 0.3 3
751k-800k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 1 0
1.7m-1.8m 1 0
4m-4.5m 1 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
251k-275k 4 0
276k-300k 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
76k-100k 1 4 1 0.7 1.5
101k-125k 1 2 0.3 3
126k-150k 9 5 1 0.1 10.8
151k-175k 1 7 1.2 0.9
226k-250k 1 0

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 31 10 0.1 18.6
26k-50k 37 16 4 0.1 13.9
51k-75k 11 3 0 22
76k-100k 14 6 0.1 14
101k-125k 5 3 3 0.1 10
126k-150k 5 4 0.1 7.5
151k-175k 3 3 0.2 6
176k-200k 7 1 0 42
201k-225k 1 0
226k-250k 5 1 0 30
251k-275k 4 0
276k-300k 2 0
301k-325k 1 0
326k-350k 1 1 0.2 6
376k-400k 3 1 0.1 18
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 3 0
701k-750k 2 0
751k-800k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3.5m-4m 1 1 0.2 6
23.01m-24m 1 0