Absorption Report

Lakeland, 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
1k-25k 1 0
26k-50k 3 1 0.5 0
51k-75k 1 2 0.3 3
76k-100k 5 3 0.1 10
101k-125k 2 8 3 0.7 1.5
126k-150k 12 9 3 0.1 8
151k-175k 9 15 2 0.3 3.6
176k-200k 13 24 5 0.3 3.3
201k-225k 22 48 5 0.4 2.8
226k-250k 51 71 12 0.2 4.3
251k-275k 55 105 17 0.3 3.1
276k-300k 85 155 17 0.3 3.3
301k-325k 73 165 19 0.4 2.7
326k-350k 112 141 19 0.2 4.8
351k-375k 71 114 19 0.3 3.7
376k-400k 82 87 10 0.2 5.7
401k-425k 48 59 8 0.2 4.9
426k-450k 45 50 7 0.2 5.4
451k-475k 34 51 7 0.3 4
476k-500k 39 29 1 0.1 8.1
501k-550k 33 46 12 0.2 4.3
551k-600k 32 24 4 0.1 8
601k-650k 20 28 3 0.2 4.3
651k-700k 14 21 2 0.3 4
701k-750k 6 23 1 0.6 1.6
751k-800k 7 6 0.1 7
801k-850k 8 5 2 0.1 9.6
851k-900k 10 6 0.1 10
901k-950k 2 3 0.3 4
951k-1m 4 3 2 0.1 8
1m-1.1m 1 5 1 0.8 1.2
1.1m-1.2m 3 3 0.2 6
1.2m-1.3m 1 5 1 0.8 1.2
1.3m-1.4m 3 0.5 0
1.4m-1.5m 2 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0.2 0
3m-3.5m 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
126k-150k 1 2 0.3 3
151k-175k 4 2 0.1 12
176k-200k 2 4 1 0.3 3
201k-225k 4 5 0.2 4.8
226k-250k 4 11 3 0.5 2.2
251k-275k 8 24 2 0.5 2
276k-300k 6 28 2 0.8 1.3
301k-325k 1 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
76k-100k 1 1 0.2 6
101k-125k 3 7 2 0.4 2.6
126k-150k 9 10 1 0.2 5.4
151k-175k 11 9 0.1 7.3
176k-200k 10 7 1 0.1 8.6
201k-225k 4 3 1 0.1 8
226k-250k 2 0
251k-275k 5 0.8 0
276k-300k 3 11 2 0.6 1.6
301k-325k 1 2 0.3 3
326k-350k 5 0
351k-375k 3 3 0.2 6
401k-425k 1 2 1 0.3 3
476k-500k 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 2 2 0.3 0
26k-50k 11 15 3 0.2 4.4
51k-75k 10 8 1 0.1 7.5
76k-100k 8 7 1 0.1 6.9
101k-125k 3 4 1 0.2 4.5
126k-150k 7 4 0.1 10.5
151k-175k 4 2 0.1 12
176k-200k 5 3 0.1 10
201k-225k 4 1 0 24
226k-250k 2 1 0.1 12
251k-275k 2 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 2 2 1 0.2 6
351k-375k 1 0
376k-400k 3 0
401k-425k 1 0
426k-450k 5 0
451k-475k 3 0
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 2 0
651k-700k 2 1 0.1 12
701k-750k 1 1 0.2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0