Absorption Report

Lakeland, Green Valley


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 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 1 0.2 0
51k-75k 2 0.3 0
76k-100k 2 2 0.2 6
101k-125k 1 2 0.3 3
126k-150k 3 7 1 0.4 2.6
151k-175k 4 24 6 1 1
176k-200k 10 31 9 0.5 1.9
201k-225k 22 59 6 0.4 2.2
226k-250k 38 74 13 0.3 3.1
251k-275k 36 63 8 0.3 3.4
276k-300k 41 57 10 0.2 4.3
301k-325k 31 61 13 0.3 3
326k-350k 33 58 20 0.3 3.4
351k-375k 19 40 7 0.4 2.9
376k-400k 40 45 12 0.2 5.3
401k-425k 27 40 5 0.2 4.1
426k-450k 20 22 6 0.2 5.5
451k-475k 16 21 3 0.2 4.6
476k-500k 23 29 7 0.2 4.8
501k-550k 20 28 7 0.2 4.3
551k-600k 18 22 4 0.2 4.9
601k-650k 5 20 3 0.7 1.5
651k-700k 9 15 6 0.3 3.6
701k-750k 12 7 3 0.1 10.3
751k-800k 16 8 1 0.1 12
801k-850k 6 6 2 0.2 6
851k-900k 4 5 2 0.2 4.8
901k-950k 4 6 3 0.3 4
951k-1m 7 6 3 0.1 7
1m-1.1m 1 0
1.1m-1.2m 5 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 6 1 0 36
1.5m-1.6m 1 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
4m-4.5m 1 0

Townhouses 0% 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
126k-150k 1 0
151k-175k 1 0
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
226k-250k 3 5 0.3 3.6
251k-275k 3 6 3 0.3 3
276k-300k 7 41 4 1 1
301k-325k 4 40 8 1.7 0.6
326k-350k 9 9 3 0.2 6
351k-375k 1 4 1 0.7 1.5
376k-400k 3 3 0.2 6
401k-425k 3 1 0.1 18
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 1 0.2 0
501k-550k 1 0

Condos 0% 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
51k-75k 2 2 2 0.2 6
76k-100k 18 7 1 0.1 15.4
101k-125k 44 25 3 0.1 10.6
126k-150k 54 14 2 0 23.1
151k-175k 47 24 6 0.1 11.8
176k-200k 26 12 1 0.1 13
201k-225k 11 13 1 0.2 5.1
226k-250k 14 15 4 0.2 5.6
251k-275k 14 3 2 0 28
276k-300k 12 3 0 24
301k-325k 3 2 1 0.1 9
326k-350k 8 0
351k-375k 1 1 0.2 6
376k-400k 3 1 0.1 18
426k-450k 3 0
1.4m-1.5m 1 0

Land 0% 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
-24,000-0 1 0
1k-25k 17 29 2 0.3 3.5
26k-50k 42 20 3 0.1 12.6
51k-75k 17 7 1 0.1 14.6
76k-100k 4 5 0.2 4.8
101k-125k 5 1 0 30
126k-150k 7 2 0 21
151k-175k 6 0
176k-200k 4 0
201k-225k 3 0
226k-250k 1 1 0.2 6
276k-300k 1 0
301k-325k 1 0.2 0
326k-350k 4 2 0.1 12
351k-375k 2 0
376k-400k 3 0
476k-500k 3 0
501k-550k 2 0
551k-600k 1 0
751k-800k 2 0
851k-900k 1 0
951k-1m 3 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2.75m-3m 1 0