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 13 10 4 0.1 7.8
151k-175k 9 15 2 0.3 3.6
176k-200k 13 24 5 0.3 3.3
201k-225k 22 49 6 0.4 2.7
226k-250k 53 72 13 0.2 4.4
251k-275k 54 106 18 0.3 3.1
276k-300k 84 156 18 0.3 3.2
301k-325k 71 168 22 0.4 2.5
326k-350k 110 142 20 0.2 4.6
351k-375k 72 114 20 0.3 3.8
376k-400k 84 89 12 0.2 5.7
401k-425k 47 60 9 0.2 4.7
426k-450k 45 50 7 0.2 5.4
451k-475k 35 51 7 0.2 4.1
476k-500k 39 30 2 0.1 7.8
501k-550k 33 46 12 0.2 4.3
551k-600k 32 24 4 0.1 8
601k-650k 20 29 4 0.2 4.1
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
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
551k-600k 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 9 2 0.2 6.7
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