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
26k-50k 2 0.3 0
51k-75k 2 1 0.3 0
76k-100k 4 4 1 0.2 6
101k-125k 4 6 1 0.3 4
126k-150k 11 10 2 0.2 6.6
151k-175k 4 14 1 0.6 1.7
176k-200k 17 21 4 0.2 4.9
201k-225k 25 43 4 0.3 3.5
226k-250k 42 81 20 0.3 3.1
251k-275k 56 107 13 0.3 3.1
276k-300k 66 120 19 0.3 3.3
301k-325k 80 157 25 0.3 3.1
326k-350k 95 124 15 0.2 4.6
351k-375k 68 109 16 0.3 3.7
376k-400k 80 71 10 0.1 6.8
401k-425k 42 54 8 0.2 4.7
426k-450k 48 38 4 0.1 7.6
451k-475k 32 36 3 0.2 5.3
476k-500k 34 22 0.1 9.3
501k-550k 31 41 8 0.2 4.5
551k-600k 24 20 1 0.1 7.2
601k-650k 16 21 1 0.2 4.6
651k-700k 14 17 1 0.2 4.9
701k-750k 8 16 1 0.3 3
751k-800k 8 6 0.1 8
801k-850k 8 7 2 0.1 6.9
851k-900k 6 5 0.1 7.2
901k-950k 2 5 2 0.4 2.4
951k-1m 3 3 0.2 6
1m-1.1m 1 5 1 0.8 1.2
1.1m-1.2m 2 3 1 0.3 4
1.2m-1.3m 3 6 1 0.3 3
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 3 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 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 2 0.3 0
151k-175k 4 3 2 0.1 8
176k-200k 2 4 1 0.3 3
201k-225k 2 5 1 0.4 2.4
226k-250k 8 11 1 0.2 4.4
251k-275k 4 16 2 0.7 1.5
276k-300k 4 22 1 0.9 1.1
301k-325k 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 0.2 0
101k-125k 1 6 2 1 1
126k-150k 9 8 1 0.1 6.8
151k-175k 8 10 4 0.2 4.8
176k-200k 8 7 2 0.1 6.9
201k-225k 5 3 1 0.1 10
226k-250k 1 0
251k-275k 2 0.3 0
276k-300k 3 6 0.3 3
301k-325k 2 1 0.1 12
326k-350k 6 1 1 0 36
351k-375k 1 2 0.3 3
376k-400k 1 0
401k-425k 1 1 0.2 6
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 0.3 0
26k-50k 9 13 2 0.2 4.2
51k-75k 8 9 2 0.2 5.3
76k-100k 8 6 0.1 8
101k-125k 5 3 0.1 10
126k-150k 6 3 0.1 12
151k-175k 4 3 2 0.1 8
176k-200k 2 3 0.3 4
201k-225k 4 1 0 24
226k-250k 4 0
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 2 0
326k-350k 2 2 0.2 6
376k-400k 3 0
401k-425k 1 0
426k-450k 5 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 3 0
601k-650k 1 0
651k-700k 1 1 0.2 6
701k-750k 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
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0