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 3 0.2 6
151k-175k 8 14 2 0.3 3.4
176k-200k 17 23 4 0.2 4.4
201k-225k 21 42 9 0.3 3
226k-250k 46 78 19 0.3 3.5
251k-275k 59 108 22 0.3 3.3
276k-300k 70 126 10 0.3 3.3
301k-325k 88 166 21 0.3 3.2
326k-350k 97 133 21 0.2 4.4
351k-375k 73 111 21 0.3 3.9
376k-400k 80 82 16 0.2 5.9
401k-425k 41 56 13 0.2 4.4
426k-450k 50 44 4 0.1 6.8
451k-475k 31 41 3 0.2 4.5
476k-500k 38 25 1 0.1 9.1
501k-550k 36 43 6 0.2 5
551k-600k 29 23 5 0.1 7.6
601k-650k 19 24 2 0.2 4.8
651k-700k 14 18 1 0.2 4.7
701k-750k 9 19 0.4 2.8
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 4 4 1 0.2 6
1m-1.1m 2 4 1 0.3 3
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 4 0.2 6
226k-250k 5 12 3 0.4 2.5
251k-275k 6 21 3 0.6 1.7
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 8 3 0.4 2.3
126k-150k 8 8 1 0.2 6
151k-175k 9 8 1 0.1 6.8
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 9 1 0.8 1.3
301k-325k 2 1 0.1 12
326k-350k 6 1 1 0 36
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 14 2 0.2 4.3
51k-75k 9 7 2 0.1 7.7
76k-100k 11 7 0.1 9.4
101k-125k 7 3 1 0.1 14
126k-150k 5 4 0.1 7.5
151k-175k 5 2 1 0.1 15
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