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 7 2 0.3 3.4
126k-150k 14 11 2 0.1 7.6
151k-175k 6 14 1 0.4 2.6
176k-200k 15 22 4 0.2 4.1
201k-225k 22 43 6 0.3 3.1
226k-250k 46 79 19 0.3 3.5
251k-275k 58 111 18 0.3 3.1
276k-300k 67 121 10 0.3 3.3
301k-325k 86 157 18 0.3 3.3
326k-350k 95 126 17 0.2 4.5
351k-375k 73 111 19 0.3 3.9
376k-400k 80 73 11 0.2 6.6
401k-425k 40 54 9 0.2 4.4
426k-450k 47 39 4 0.1 7.2
451k-475k 30 41 4 0.2 4.4
476k-500k 39 23 0.1 10.2
501k-550k 34 42 7 0.2 4.9
551k-600k 30 21 3 0.1 8.6
601k-650k 17 21 0.2 4.9
651k-700k 15 17 1 0.2 5.3
701k-750k 7 18 0.4 2.3
751k-800k 7 6 1 0.1 7
801k-850k 8 6 1 0.1 8
851k-900k 8 5 0.1 9.6
901k-950k 1 4 1 0.7 1.5
951k-1m 4 4 1 0.2 6
1m-1.1m 1 4 0.7 1.5
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 6 1 0.3 3
1.3m-1.4m 1 3 0.5 2
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
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 3 1 0.5 0
151k-175k 4 2 1 0.1 12
176k-200k 1 3 0.5 2
201k-225k 3 5 1 0.3 3.6
226k-250k 6 12 1 0.3 3
251k-275k 5 17 1 0.6 1.8
276k-300k 4 25 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 3 7 2 0.4 2.6
126k-150k 9 8 1 0.1 6.8
151k-175k 10 8 2 0.1 7.5
176k-200k 9 6 1 0.1 9
201k-225k 5 2 0.1 15
226k-250k 2 0
251k-275k 3 0.5 0
276k-300k 3 7 0.4 2.6
301k-325k 1 1 0.2 6
326k-350k 5 1 1 0 30
351k-375k 2 2 0.2 6
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 10 13 2 0.2 4.6
51k-75k 9 9 3 0.2 6
76k-100k 10 7 0.1 8.6
101k-125k 7 3 0.1 14
126k-150k 5 4 0.1 7.5
151k-175k 4 2 1 0.1 12
176k-200k 4 3 0.1 8
201k-225k 5 1 0 30
226k-250k 4 0
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 3 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 2 1 0.1 12
551k-600k 2 0
601k-650k 1 0
651k-700k 2 1 0.1 12
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 2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0