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 6 2 1 0
201k-225k 6 15 2 0.4 2.4
226k-250k 15 28 6 0.3 3.2
251k-275k 23 29 3 0.2 4.8
276k-300k 102 82 16 0.1 7.5
301k-325k 133 168 30 0.2 4.8
326k-350k 179 208 24 0.2 5.2
351k-375k 190 185 20 0.2 6.2
376k-400k 168 131 9 0.1 7.7
401k-425k 56 38 8 0.1 8.8
426k-450k 52 34 8 0.1 9.2
451k-475k 20 14 2 0.1 8.6
476k-500k 11 7 3 0.1 9.4
501k-550k 9 7 2 0.1 7.7
551k-600k 7 3 2 0.1 14
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 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 587 1027 148 0.3 3.4
26k-50k 1245 700 112 0.1 10.7
51k-75k 152 89 16 0.1 10.2
76k-100k 76 6 1 0 76
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 2 1 0.1 12
476k-500k 2 0
551k-600k 2 0
651k-700k 1 0
951k-1m 2 0
3.5m-4m 1 0