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 3 8 2 0.4 2.3
126k-150k 11 11 3 0.2 6
151k-175k 7 14 1 0.3 3
176k-200k 16 22 4 0.2 4.4
201k-225k 20 43 9 0.4 2.8
226k-250k 46 77 20 0.3 3.6
251k-275k 58 108 21 0.3 3.2
276k-300k 69 122 9 0.3 3.4
301k-325k 90 161 20 0.3 3.4
326k-350k 98 129 17 0.2 4.6
351k-375k 74 108 21 0.2 4.1
376k-400k 82 78 16 0.2 6.3
401k-425k 40 56 10 0.2 4.3
426k-450k 49 43 4 0.1 6.8
451k-475k 31 40 3 0.2 4.7
476k-500k 37 25 1 0.1 8.9
501k-550k 36 42 6 0.2 5.1
551k-600k 28 23 5 0.1 7.3
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 4 1 0.7 1.5
951k-1m 4 4 1 0.2 6
1m-1.1m 1 4 1 0.7 1.5
1.1m-1.2m 1 2 0.3 3
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 2 1 0.1 12
176k-200k 1 3 0.5 2
201k-225k 4 5 1 0.2 4.8
226k-250k 5 12 3 0.4 2.5
251k-275k 6 19 3 0.5 1.9
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 7 3 0.4 2.6
126k-150k 8 8 1 0.2 6
151k-175k 9 8 1 0.1 6.8
176k-200k 9 6 1 0.1 9
201k-225k 5 3 1 0.1 10
226k-250k 2 0
251k-275k 3 0.5 0
276k-300k 2 7 1 0.6 1.7
301k-325k 2 1 0.1 12
326k-350k 5 1 1 0 30
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 4 2 1 0.1 12
176k-200k 4 3 0.1 8
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
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 2 0
3m-3.5m 1 0
4m-4.5m 1 0