Absorption Report

Lehigh Acres, FL, House

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 0.2 0
76k-100k 1 0.2 0
101k-125k 3 2 0.1 9
126k-150k 1 1 0.2 0
151k-175k 4 13 2 0.5 1.8
176k-200k 3 14 2 0.8 1.3
201k-225k 10 20 1 0.3 3
226k-250k 24 41 7 0.3 3.5
251k-275k 39 52 8 0.2 4.5
276k-300k 125 114 24 0.2 6.6
301k-325k 161 214 38 0.2 4.5
326k-350k 218 248 33 0.2 5.3
351k-375k 229 223 29 0.2 6.2
376k-400k 202 172 12 0.1 7
401k-425k 78 51 12 0.1 9.2
426k-450k 65 38 8 0.1 10.3
451k-475k 24 17 2 0.1 8.5
476k-500k 21 11 4 0.1 11.5
501k-550k 13 11 3 0.1 7.1
551k-600k 11 3 2 0 22
601k-650k 1 0.2 0
651k-700k 3 0
701k-750k 1 1 1 0.2 6
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
901k-950k 1 0
1.9m-2m 1 0