Absorption Report

Lehigh Acres, 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 3 2 0.5 2
126k-150k 1 1 0.2 6
151k-175k 1 7 1.2 0.9
176k-200k 7 2 1.2 0
201k-225k 7 14 1 0.3 3
226k-250k 14 27 6 0.3 3.1
251k-275k 21 31 5 0.2 4.1
276k-300k 104 82 16 0.1 7.6
301k-325k 130 172 34 0.2 4.5
326k-350k 183 206 24 0.2 5.3
351k-375k 190 187 21 0.2 6.1
376k-400k 159 134 11 0.1 7.1
401k-425k 63 39 8 0.1 9.7
426k-450k 51 34 8 0.1 9
451k-475k 21 14 2 0.1 9
476k-500k 12 6 2 0.1 12
501k-550k 9 7 2 0.1 7.7
551k-600k 6 3 2 0.1 12
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 0.2 0
1.9m-2m 1 0

Townhouses 50% 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
276k-300k 1 1 0.2 0
301k-325k 1 0

Condos NAN% 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 2 0.3 0

Land 13% 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 581 1035 152 0.3 3.4
26k-50k 1249 695 119 0.1 10.8
51k-75k 151 87 15 0.1 10.4
76k-100k 77 6 1 0 77
101k-125k 10 2 0 30
126k-150k 9 2 0 27
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 3 1 0.1 18
476k-500k 2 0
551k-600k 2 0
651k-700k 1 0
951k-1m 2 0
3.5m-4m 1 0