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 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 0
101k-125k 1 4 2 0.7 1.5
126k-150k 1 1 0.2 6
151k-175k 3 12 2 0.7 1.5
176k-200k 3 11 2 0.6 1.6
201k-225k 9 22 2 0.4 2.5
226k-250k 24 39 7 0.3 3.7
251k-275k 40 49 4 0.2 4.9
276k-300k 124 109 23 0.1 6.8
301k-325k 162 206 37 0.2 4.7
326k-350k 221 246 28 0.2 5.4
351k-375k 234 215 25 0.2 6.5
376k-400k 208 164 11 0.1 7.6
401k-425k 72 48 9 0.1 9
426k-450k 68 41 8 0.1 10
451k-475k 21 15 2 0.1 8.4
476k-500k 20 11 4 0.1 10.9
501k-550k 14 11 3 0.1 7.6
551k-600k 9 3 2 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
1.9m-2m 1 0

Townhouses 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
251k-275k 3 1 0.1 18
276k-300k 7 1 1 0 42
301k-325k 1 1 0.2 6
326k-350k 3 0
351k-375k 1 0

Condos 10% 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 1 0.2 6
101k-125k 2 8 1 0.7 1.5
126k-150k 9 15 2 0.3 3.6
151k-175k 4 6 1 0.3 4
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 7 1 0 42
251k-275k 4 1 1 0 24
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 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 722 1172 168 0.3 3.7
26k-50k 1377 782 113 0.1 10.6
51k-75k 193 110 22 0.1 10.5
76k-100k 89 6 0 89
101k-125k 10 2 0 30
126k-150k 10 1 0 60
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 2 0
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