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 17% 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
101k-125k 1 3 0.5 2
126k-150k 1 2 0.3 3
151k-175k 9 2 1.5 0
176k-200k 2 7 1 0.6 1.7
201k-225k 5 15 4 0.5 2
226k-250k 16 25 2 0.3 3.8
251k-275k 32 35 6 0.2 5.5
276k-300k 113 95 25 0.1 7.1
301k-325k 117 172 34 0.2 4.1
326k-350k 197 182 26 0.2 6.5
351k-375k 187 152 11 0.1 7.4
376k-400k 167 103 13 0.1 9.7
401k-425k 64 32 3 0.1 12
426k-450k 43 31 5 0.1 8.3
451k-475k 19 9 1 0.1 12.7
476k-500k 14 3 1 0 28
501k-550k 7 5 1 0.1 8.4
551k-600k 5 4 1 0.1 7.5
601k-650k 1 1 0.2 6
651k-700k 3 0
701k-750k 2 1 0.1 12
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 1 0.2 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0

Townhouses 0% 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 1 0
251k-275k 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 1 0.2 0

Land 11% 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 543 945 88 0.3 3.4
26k-50k 1200 699 112 0.1 10.3
51k-75k 158 73 3 0.1 13
76k-100k 70 7 1 0 60
101k-125k 10 3 1 0.1 20
126k-150k 10 1 0 60
151k-175k 1 0
176k-200k 5 0
226k-250k 2 0
251k-275k 2 0.3 0
276k-300k 3 1 0.1 18
326k-350k 2 0
376k-400k 2 0
476k-500k 2 0
551k-600k 1 0
1.6m-1.7m 1 0
2m-2.25m 1 0
3.5m-4m 1 0