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 18% 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 2 1 0.3 3
151k-175k 2 12 2 1 1
176k-200k 3 11 2 0.6 1.6
201k-225k 10 21 1 0.4 2.9
226k-250k 22 42 10 0.3 3.1
251k-275k 45 47 4 0.2 5.7
276k-300k 124 109 23 0.1 6.8
301k-325k 160 206 40 0.2 4.7
326k-350k 224 246 28 0.2 5.5
351k-375k 232 213 24 0.2 6.5
376k-400k 206 162 11 0.1 7.6
401k-425k 75 46 8 0.1 9.8
426k-450k 66 40 8 0.1 9.9
451k-475k 23 14 2 0.1 9.9
476k-500k 18 12 4 0.1 9
501k-550k 15 9 3 0.1 10
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 24% 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 5 3 3 0.1 10
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 7 1 0.6 1.7
126k-150k 9 14 2 0.3 3.9
151k-175k 4 6 1 0.3 4
176k-200k 10 0
201k-225k 5 3 0.1 10
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 718 1174 178 0.3 3.7
26k-50k 1370 787 119 0.1 10.4
51k-75k 193 108 19 0.1 10.7
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 3 0
401k-425k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 2 0
651k-700k 2 0
901k-950k 1 0
951k-1m 2 0
1.5m-1.6m 1 0
3.5m-4m 1 0