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
76k-100k 1 0.2 0
101k-125k 1 4 2 0.7 1.5
126k-150k 1 1 0.2 6
151k-175k 3 13 2 0.7 1.4
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 39 51 7 0.2 4.6
276k-300k 128 113 24 0.1 6.8
301k-325k 162 210 39 0.2 4.6
326k-350k 226 247 27 0.2 5.5
351k-375k 237 222 27 0.2 6.4
376k-400k 200 171 16 0.1 7
401k-425k 79 49 8 0.1 9.7
426k-450k 66 41 9 0.1 9.7
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 11 3 2 0 22
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