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 1 0.2 0
101k-125k 1 4 2 0.7 1.5
126k-150k 2 2 2 0.2 6
151k-175k 3 14 3 0.8 1.3
176k-200k 5 11 1 0.4 2.7
201k-225k 8 22 4 0.5 2.2
226k-250k 19 40 7 0.4 2.9
251k-275k 45 48 6 0.2 5.6
276k-300k 129 114 23 0.1 6.8
301k-325k 156 205 33 0.2 4.6
326k-350k 227 240 33 0.2 5.7
351k-375k 222 212 26 0.2 6.3
376k-400k 210 152 15 0.1 8.3
401k-425k 75 43 8 0.1 10.5
426k-450k 66 37 7 0.1 10.7
451k-475k 22 13 3 0.1 10.2
476k-500k 18 10 1 0.1 10.8
501k-550k 16 8 2 0.1 12
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 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
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 6% 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 2 6 1 0.5 2
126k-150k 12 14 2 0.2 5.1
151k-175k 3 6 1 0.3 3
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 7 2 1 0 21
251k-275k 6 0
276k-300k 2 0
326k-350k 2 1 0.1 12

Land 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
1k-25k 749 1142 161 0.3 3.9
26k-50k 1377 778 121 0.1 10.6
51k-75k 199 104 19 0.1 11.5
76k-100k 87 6 0 87
101k-125k 9 2 0 27
126k-150k 9 1 0 54
151k-175k 2 0
176k-200k 5 0
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 2 0
476k-500k 3 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