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 17% 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 1 0
51k-75k 1 1 0.2 0
101k-125k 1 4 0.7 1.5
126k-150k 2 3 2 0.3 4
151k-175k 5 13 2 0.4 2.3
176k-200k 5 11 1 0.4 2.7
201k-225k 9 23 5 0.4 2.3
226k-250k 21 39 7 0.3 3.2
251k-275k 49 46 7 0.2 6.4
276k-300k 133 115 24 0.1 6.9
301k-325k 161 210 32 0.2 4.6
326k-350k 248 237 30 0.2 6.3
351k-375k 220 206 23 0.2 6.4
376k-400k 218 157 21 0.1 8.3
401k-425k 79 40 5 0.1 11.9
426k-450k 63 37 4 0.1 10.2
451k-475k 21 14 2 0.1 9
476k-500k 18 9 1 0.1 12
501k-550k 14 8 1 0.1 10.5
551k-600k 9 3 1 0.1 18
601k-650k 1 0.2 0
651k-700k 2 1 1 0.1 12
701k-750k 1 1 0.2 6
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 1 1 1 0.2 6
901k-950k 1 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0

Townhouses 15% 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 1 0
251k-275k 3 1 0.1 18
276k-300k 5 3 2 0.1 10
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 1 0

Condos 5% 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 2 6 1 0.5 2
126k-150k 12 13 0.2 5.5
151k-175k 5 6 1 0.2 5
176k-200k 11 0
201k-225k 4 3 0.1 8
226k-250k 9 2 0 27
251k-275k 6 0
276k-300k 2 0
326k-350k 2 1 0.1 12

Land 12% 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 736 1136 144 0.3 3.9
26k-50k 1373 796 135 0.1 10.3
51k-75k 204 103 16 0.1 11.9
76k-100k 86 6 0 86
101k-125k 9 2 0 27
126k-150k 9 1 0 54
151k-175k 2 0
176k-200k 5 0
226k-250k 3 0
251k-275k 2 0.3 0
276k-300k 3 1 0.1 18
326k-350k 2 0
351k-375k 1 0
376k-400k 3 0
401k-425k 2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
901k-950k 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 0
3.5m-4m 1 0