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 3 1 0.5 0
76k-100k 4 4 1 0.2 6
101k-125k 3 8 2 0.4 2.3
126k-150k 10 10 4 0.2 6
151k-175k 8 13 2 0.3 3.7
176k-200k 18 23 4 0.2 4.7
201k-225k 23 41 8 0.3 3.4
226k-250k 47 74 14 0.3 3.8
251k-275k 56 109 23 0.3 3.1
276k-300k 66 128 9 0.3 3.1
301k-325k 84 165 19 0.3 3.1
326k-350k 95 133 18 0.2 4.3
351k-375k 75 109 19 0.2 4.1
376k-400k 78 80 14 0.2 5.9
401k-425k 41 56 11 0.2 4.4
426k-450k 50 44 6 0.1 6.8
451k-475k 32 41 5 0.2 4.7
476k-500k 38 25 1 0.1 9.1
501k-550k 38 41 4 0.2 5.6
551k-600k 29 23 5 0.1 7.6
601k-650k 20 24 2 0.2 5
651k-700k 13 18 0.2 4.3
701k-750k 8 19 0.4 2.5
751k-800k 7 7 1 0.2 6
801k-850k 8 6 1 0.1 8
851k-900k 9 6 0.1 9
901k-950k 1 3 0.5 2
951k-1m 3 4 2 0.2 4.5
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 5 1 0.3 3.6
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
1.7m-1.8m 1 0.2 0
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 1 0 24
176k-200k 1 3 0.5 2
201k-225k 4 5 0.2 4.8
226k-250k 5 12 4 0.4 2.5
251k-275k 7 21 3 0.5 2
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 1 0.2 6
101k-125k 3 8 3 0.4 2.3
126k-150k 7 7 0.2 6
151k-175k 8 7 0.1 6.9
176k-200k 9 7 1 0.1 7.7
201k-225k 4 3 1 0.1 8
226k-250k 2 0
251k-275k 3 0.5 0
276k-300k 2 10 1 0.8 1.2
301k-325k 2 1 0.1 12
326k-350k 6 0
351k-375k 2 2 0.2 6
401k-425k 2 1 1 0.1 12
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 11 8 2 0.1 8.3
76k-100k 10 7 0.1 8.6
101k-125k 7 3 1 0.1 14
126k-150k 5 4 0.1 7.5
151k-175k 4 1 0 24
176k-200k 3 3 0.2 6
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
651k-700k 2 1 0.1 12
701k-750k 1 0.2 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