Absorption Report

Lakeland, FL, New Construction

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
51k-75k 1 0.2 0
76k-100k 1 0
126k-150k 1 1 1 0.2 6
151k-175k 2 0.3 0
176k-200k 2 3 1 0.3 4
201k-225k 4 8 3 0.3 3
226k-250k 8 16 7 0.3 3
251k-275k 23 22 1 0.2 6.3
276k-300k 19 30 2 0.3 3.8
301k-325k 24 57 4 0.4 2.5
326k-350k 30 47 6 0.3 3.8
351k-375k 26 42 10 0.3 3.7
376k-400k 33 27 5 0.1 7.3
401k-425k 14 23 1 0.3 3.7
426k-450k 16 10 1 0.1 9.6
451k-475k 13 14 2 0.2 5.6
476k-500k 2 5 0.4 2.4
501k-550k 10 12 1 0.2 5
551k-600k 9 6 1 0.1 9
601k-650k 3 8 0.4 2.3
651k-700k 7 7 0.2 6
701k-750k 2 6 0.5 2
751k-800k 4 2 0.1 12
801k-850k 3 1 0.1 18
851k-900k 2 2 0.2 6
901k-950k 1 1 0.2 6
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 4 1 0.3 3
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 1 0.2 6
1.8m-1.9m 1 1 0.2 0
3m-3.5m 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 0.2 0
151k-175k 1 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 1 0.1 12
251k-275k 1 16 2 2.7 0.4
276k-300k 1 25 4.2 0.2
351k-375k 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
101k-125k 1 1 0.2 6
126k-150k 3 1 0.5 0
151k-175k 2 2 1 0.2 6
176k-200k 1 4 0.7 1.5
201k-225k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 3 1 0.5 0
301k-325k 1 0.2 0
326k-350k 1 0
401k-425k 1 1 1 0.2 6
551k-600k 1 0