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 14 2 0.8 1.3
201k-225k 10 22 2 0.4 2.7
226k-250k 21 41 7 0.3 3.1
251k-275k 38 51 7 0.2 4.5
276k-300k 128 113 24 0.1 6.8
301k-325k 163 210 38 0.2 4.7
326k-350k 222 249 28 0.2 5.3
351k-375k 235 223 27 0.2 6.3
376k-400k 202 168 16 0.1 7.2
401k-425k 74 50 10 0.1 8.9
426k-450k 66 41 9 0.1 9.7
451k-475k 21 15 2 0.1 8.4
476k-500k 21 12 4 0.1 10.5
501k-550k 14 11 3 0.1 7.6
551k-600k 7 3 2 0.1 14
601k-650k 1 0.2 0
651k-700k 3 0
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
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 8% 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 3 7 0.4 2.6
126k-150k 10 15 2 0.3 4
151k-175k 5 5 0.2 6
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 6 1 0 36
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 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 718 1200 180 0.3 3.6
26k-50k 1389 789 126 0.1 10.6
51k-75k 193 111 21 0.1 10.4
76k-100k 88 6 1 0 88
101k-125k 11 2 0 33
126k-150k 10 2 0 30
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 1 0.1 12
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