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 38 7 0.3 3.8
251k-275k 41 48 4 0.2 5.1
276k-300k 126 108 22 0.1 7
301k-325k 161 204 36 0.2 4.7
326k-350k 219 244 28 0.2 5.4
351k-375k 234 214 24 0.2 6.6
376k-400k 207 163 11 0.1 7.6
401k-425k 72 48 8 0.1 9
426k-450k 68 41 8 0.1 10
451k-475k 21 14 2 0.1 9
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 723 1168 159 0.3 3.7
26k-50k 1375 778 109 0.1 10.6
51k-75k 193 110 20 0.1 10.5
76k-100k 89 6 0 89
101k-125k 8 2 0 24
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