Absorption Report

Lehigh Acres, 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 19% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0
51k-75k 1 0.2 0
101k-125k 2 2 0.2 6
126k-150k 1 1 0.2 0
151k-175k 3 12 2 0.7 1.5
176k-200k 4 13 1 0.5 1.8
201k-225k 8 22 1 0.5 2.2
226k-250k 25 41 7 0.3 3.7
251k-275k 37 52 8 0.2 4.3
276k-300k 118 114 23 0.2 6.2
301k-325k 155 217 40 0.2 4.3
326k-350k 219 245 32 0.2 5.4
351k-375k 221 223 26 0.2 5.9
376k-400k 203 172 12 0.1 7.1
401k-425k 75 51 12 0.1 8.8
426k-450k 64 37 7 0.1 10.4
451k-475k 22 17 1 0.1 7.8
476k-500k 22 11 4 0.1 12
501k-550k 13 11 3 0.1 7.1
551k-600k 7 3 2 0.1 14
601k-650k 1 0.2 0
651k-700k 3 0
701k-750k 1 1 1 0.2 6
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
901k-950k 1 0
1.9m-2m 1 0

Townhouses 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 1 0
201k-225k 1 0.2 0
251k-275k 3 1 0.1 18
276k-300k 7 1 1 0 42
301k-325k 1 1 1 0.2 6
326k-350k 3 0
351k-375k 1 0

Condos 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 6
101k-125k 3 7 0.4 2.6
126k-150k 9 16 2 0.3 3.4
151k-175k 5 5 1 0.2 6
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 5 1 0 30
251k-275k 5 1 1 0 30
276k-300k 2 0
326k-350k 2 1 1 0.1 12

Land 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 713 1212 176 0.3 3.5
26k-50k 1359 787 125 0.1 10.4
51k-75k 170 113 19 0.1 9
76k-100k 91 6 1 0 91
101k-125k 11 3 1 0 22
126k-150k 12 2 0 36
151k-175k 2 0
176k-200k 4 1 0 24
226k-250k 4 0
251k-275k 2 0.3 0
276k-300k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 3 1 0.1 18
401k-425k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 2 0
651k-700k 2 0
951k-1m 2 0
1.5m-1.6m 1 0
3.5m-4m 1 0