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 16% 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 1 0.2 0
101k-125k 1 4 0.7 1.5
126k-150k 1 4 0.7 1.5
151k-175k 6 11 2 0.3 3.3
176k-200k 5 13 2 0.4 2.3
201k-225k 10 23 5 0.4 2.6
226k-250k 22 36 3 0.3 3.7
251k-275k 53 49 7 0.2 6.5
276k-300k 139 121 25 0.1 6.9
301k-325k 146 210 41 0.2 4.2
326k-350k 238 216 33 0.2 6.6
351k-375k 228 181 12 0.1 7.6
376k-400k 213 137 20 0.1 9.3
401k-425k 85 40 2 0.1 12.8
426k-450k 55 38 6 0.1 8.7
451k-475k 22 11 2 0.1 12
476k-500k 18 9 2 0.1 12
501k-550k 13 6 2 0.1 13
551k-600k 6 5 2 0.1 7.2
601k-650k 1 0.2 0
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 687 1082 108 0.3 3.8
26k-50k 1340 777 123 0.1 10.3
51k-75k 203 89 4 0.1 13.7
76k-100k 81 7 1 0 69.4
101k-125k 10 3 1 0.1 20
126k-150k 10 1 0 60
151k-175k 1 0
176k-200k 6 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