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 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
101k-125k 1 4 2 0.7 1.5
126k-150k 1 1 0.2 6
151k-175k 3 12 2 0.7 1.5
176k-200k 3 11 2 0.6 1.6
201k-225k 9 22 2 0.4 2.5
226k-250k 24 39 7 0.3 3.7
251k-275k 40 49 4 0.2 4.9
276k-300k 124 109 23 0.1 6.8
301k-325k 164 204 35 0.2 4.8
326k-350k 218 246 28 0.2 5.3
351k-375k 233 215 25 0.2 6.5
376k-400k 208 164 11 0.1 7.6
401k-425k 71 48 9 0.1 8.9
426k-450k 67 41 8 0.1 9.8
451k-475k 21 15 2 0.1 8.4
476k-500k 20 11 4 0.1 10.9
501k-550k 14 11 3 0.1 7.6
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 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
251k-275k 3 1 0.1 18
276k-300k 7 1 1 0 42
301k-325k 1 1 0.2 6
326k-350k 3 0
351k-375k 1 0

Condos 8% 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 3 7 0.4 2.6
126k-150k 9 15 2 0.3 3.6
151k-175k 4 6 1 0.3 4
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 6 1 0 36
251k-275k 5 1 1 0 30
276k-300k 2 0
326k-350k 2 1 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 721 1170 166 0.3 3.7
26k-50k 1383 779 110 0.1 10.7
51k-75k 193 110 22 0.1 10.5
76k-100k 87 6 0 87
101k-125k 11 2 0 33
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 2 0
401k-425k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
651k-700k 2 0
951k-1m 2 0
1.5m-1.6m 1 0
3.5m-4m 1 0