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 11 21 1 0.3 3.1
226k-250k 22 40 7 0.3 3.3
251k-275k 38 51 7 0.2 4.5
276k-300k 128 113 24 0.1 6.8
301k-325k 161 210 39 0.2 4.6
326k-350k 225 247 27 0.2 5.5
351k-375k 234 222 27 0.2 6.3
376k-400k 199 170 16 0.1 7
401k-425k 78 49 8 0.1 9.6
426k-450k 65 41 9 0.1 9.5
451k-475k 22 15 2 0.1 8.8
476k-500k 22 11 3 0.1 12
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 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
151k-175k 1 0
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 721 1204 180 0.3 3.6
26k-50k 1394 784 127 0.1 10.7
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 3 1 0.1 18
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