Absorption Report

Lakeland, East Kathleen


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

Land 10% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 34 35 6 0.2 5.8
26k-50k 429 595 92 0.2 4.3
51k-75k 732 185 41 0 23.7
76k-100k 293 155 27 0.1 11.3
101k-125k 152 34 10 0 26.8
126k-150k 103 30 7 0 20.6
151k-175k 63 22 4 0.1 17.2
176k-200k 81 23 8 0 21.1
201k-225k 60 20 6 0.1 18
226k-250k 68 11 3 0 37.1
251k-275k 38 12 4 0.1 19
276k-300k 39 6 0 39
301k-325k 30 4 1 0 45
326k-350k 41 9 1 0 27.3
351k-375k 16 7 2 0.1 13.7
376k-400k 23 8 1 0.1 17.3
401k-425k 5 2 0.1 15
426k-450k 17 1 0 102
451k-475k 8 1 0 48
476k-500k 18 3 1 0 36
501k-550k 15 2 0 45
551k-600k 21 2 0 63
601k-650k 10 3 1 0.1 20
651k-700k 10 2 0 30
701k-750k 10 3 1 0.1 20
751k-800k 11 0
801k-850k 3 1 0.1 18
851k-900k 6 1 0 36
901k-950k 5 0
951k-1m 4 0
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 3 3 0.2 6
1.2m-1.3m 1 3 1 0.5 2
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4.5m-5m 1 0
5.01m-6m 1 0