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 3 6 1 0.3 3
126k-150k 11 10 2 0.2 6.6
151k-175k 4 14 1 0.6 1.7
176k-200k 16 21 4 0.2 4.6
201k-225k 24 43 4 0.3 3.3
226k-250k 44 81 20 0.3 3.3
251k-275k 52 107 13 0.3 2.9
276k-300k 70 121 20 0.3 3.5
301k-325k 81 158 26 0.3 3.1
326k-350k 95 126 17 0.2 4.5
351k-375k 68 109 16 0.3 3.7
376k-400k 80 73 12 0.2 6.6
401k-425k 42 54 7 0.2 4.7
426k-450k 48 38 4 0.1 7.6
451k-475k 31 35 3 0.2 5.3
476k-500k 35 23 1 0.1 9.1
501k-550k 32 41 8 0.2 4.7
551k-600k 23 19 1 0.1 7.3
601k-650k 17 21 1 0.2 4.9
651k-700k 15 17 1 0.2 5.3
701k-750k 9 15 1 0.3 3.6
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 2 6 1 0.5 2
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 1 2 0.3 3
151k-175k 3 3 2 0.2 6
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 10 13 2 0.2 4.6
51k-75k 9 9 2 0.2 6
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 3 0
276k-300k 2 1 0.1 12
301k-325k 1 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