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 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
26k-50k 1 0
51k-75k 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 2 4 0.3 3
151k-175k 5 12 3 0.4 2.5
176k-200k 6 13 2 0.4 2.8
201k-225k 10 23 5 0.4 2.6
226k-250k 24 36 3 0.3 4
251k-275k 52 48 6 0.2 6.5
276k-300k 142 121 25 0.1 7
301k-325k 144 209 38 0.2 4.1
326k-350k 247 216 30 0.1 6.9
351k-375k 224 181 13 0.1 7.4
376k-400k 214 133 18 0.1 9.7
401k-425k 85 41 3 0.1 12.4
426k-450k 56 36 5 0.1 9.3
451k-475k 22 11 2 0.1 12
476k-500k 19 9 2 0.1 12.7
501k-550k 13 6 2 0.1 13
551k-600k 6 5 2 0.1 7.2
601k-650k 1 1 0.2 6
651k-700k 3 0
701k-750k 2 1 0.1 12
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 2 1 0.1 12
1.3m-1.4m 1 0
1.7m-1.8m 1 0

Townhouses 11% 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
101k-125k 1 0
251k-275k 3 2 0.1 9
276k-300k 4 3 1 0.1 8
301k-325k 5 1 0 30
326k-350k 2 0
351k-375k 1 0

Condos 3% 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 3 3 0.2 6
126k-150k 15 10 0.1 9
151k-175k 5 6 0.2 5
176k-200k 12 0
201k-225k 4 3 0.1 8
226k-250k 9 2 0 27
251k-275k 5 0
276k-300k 2 0
326k-350k 2 1 0.1 12

Land 11% 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 684 1081 107 0.3 3.8
26k-50k 1334 779 127 0.1 10.3
51k-75k 204 88 4 0.1 13.9
76k-100k 85 7 1 0 72.9
101k-125k 10 3 1 0.1 20
126k-150k 10 1 0 60
151k-175k 1 0
176k-200k 5 0
226k-250k 2 0
251k-275k 2 0.3 0
276k-300k 3 1 0.1 18
326k-350k 2 0
376k-400k 2 0
401k-425k 1 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