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 2 6 2 0.5 2
126k-150k 13 12 3 0.2 6.5
151k-175k 5 14 1 0.5 2.1
176k-200k 15 22 4 0.2 4.1
201k-225k 22 43 6 0.3 3.1
226k-250k 43 85 24 0.3 3
251k-275k 57 112 19 0.3 3.1
276k-300k 65 117 12 0.3 3.3
301k-325k 80 156 26 0.3 3.1
326k-350k 92 128 19 0.2 4.3
351k-375k 70 110 20 0.3 3.8
376k-400k 83 73 12 0.1 6.8
401k-425k 40 53 9 0.2 4.5
426k-450k 45 39 5 0.1 6.9
451k-475k 26 38 4 0.2 4.1
476k-500k 38 23 0.1 9.9
501k-550k 31 41 7 0.2 4.5
551k-600k 27 20 3 0.1 8.1
601k-650k 16 21 0.2 4.6
651k-700k 14 17 1 0.2 4.9
701k-750k 6 17 0.5 2.1
751k-800k 8 6 1 0.1 8
801k-850k 6 7 2 0.2 5.1
851k-900k 7 5 0.1 8.4
901k-950k 1 5 2 0.8 1.2
951k-1m 3 3 1 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 3 0.3 4
201k-225k 3 5 1 0.3 3.6
226k-250k 7 11 1 0.3 3.8
251k-275k 4 16 1 0.7 1.5
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 6 2 0.3 3
126k-150k 9 8 1 0.1 6.8
151k-175k 9 8 2 0.1 6.8
176k-200k 8 6 1 0.1 8
201k-225k 4 2 0.1 12
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 9 13 2 0.2 4.2
51k-75k 6 9 3 0.3 4
76k-100k 7 7 0.2 6
101k-125k 6 3 0.1 12
126k-150k 6 4 0.1 9
151k-175k 4 2 1 0.1 12
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 2 1 0.1 12
551k-600k 2 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 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 1 0
3m-3.5m 1 0