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
1k-25k 1 0
26k-50k 3 1 0.5 0
51k-75k 1 2 0.3 3
76k-100k 5 3 0.1 10
101k-125k 3 8 3 0.4 2.3
126k-150k 11 9 3 0.1 7.3
151k-175k 8 15 2 0.3 3.2
176k-200k 13 23 4 0.3 3.4
201k-225k 21 47 4 0.4 2.7
226k-250k 54 69 10 0.2 4.7
251k-275k 56 102 14 0.3 3.3
276k-300k 83 153 15 0.3 3.3
301k-325k 75 164 18 0.4 2.7
326k-350k 110 141 19 0.2 4.7
351k-375k 69 115 19 0.3 3.6
376k-400k 87 87 10 0.2 6
401k-425k 48 59 8 0.2 4.9
426k-450k 44 50 7 0.2 5.3
451k-475k 34 51 7 0.3 4
476k-500k 39 29 1 0.1 8.1
501k-550k 31 46 12 0.2 4
551k-600k 34 23 3 0.1 8.9
601k-650k 19 27 2 0.2 4.2
651k-700k 14 21 2 0.3 4
701k-750k 6 23 1 0.6 1.6
751k-800k 7 6 0.1 7
801k-850k 7 5 2 0.1 8.4
851k-900k 10 6 0.1 10
901k-950k 2 3 0.3 4
951k-1m 4 3 2 0.1 8
1m-1.1m 1 4 0.7 1.5
1.1m-1.2m 3 3 0.2 6
1.2m-1.3m 1 5 1 0.8 1.2
1.3m-1.4m 3 0.5 0
1.4m-1.5m 2 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 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 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 2 0.3 0
151k-175k 5 2 0.1 15
176k-200k 2 4 1 0.3 3
201k-225k 4 5 0.2 4.8
226k-250k 4 9 1 0.4 2.7
251k-275k 8 22 0.5 2.2
276k-300k 6 28 2 0.8 1.3
301k-325k 1 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 6 1 0.3 3
126k-150k 9 10 1 0.2 5.4
151k-175k 11 9 0.1 7.3
176k-200k 11 7 1 0.1 9.4
201k-225k 4 2 0.1 12
226k-250k 2 0
251k-275k 5 0.8 0
276k-300k 3 10 1 0.6 1.8
301k-325k 1 2 0.3 3
326k-350k 5 0
351k-375k 3 3 0.2 6
401k-425k 1 2 1 0.3 3
476k-500k 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 2 0.3 0
26k-50k 10 15 3 0.3 4
51k-75k 11 8 1 0.1 8.3
76k-100k 8 7 1 0.1 6.9
101k-125k 3 4 1 0.2 4.5
126k-150k 7 4 0.1 10.5
151k-175k 4 2 0.1 12
176k-200k 5 3 0.1 10
201k-225k 4 1 0 24
226k-250k 2 1 0.1 12
251k-275k 2 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 2 2 1 0.2 6
351k-375k 1 0
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 1 0.2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0