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 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 1 2 1 0.3 3
151k-175k 1 8 1 1.3 0.8
176k-200k 7 1 1.2 0
201k-225k 5 15 5 0.5 2
226k-250k 15 24 1 0.3 3.8
251k-275k 31 37 9 0.2 5
276k-300k 110 95 27 0.1 6.9
301k-325k 117 174 35 0.2 4
326k-350k 187 182 29 0.2 6.2
351k-375k 186 152 12 0.1 7.3
376k-400k 167 110 19 0.1 9.1
401k-425k 63 31 3 0.1 12.2
426k-450k 41 32 7 0.1 7.7
451k-475k 19 10 1 0.1 11.4
476k-500k 14 2 0 42
501k-550k 7 5 1 0.1 8.4
551k-600k 5 4 1 0.1 7.5
601k-650k 1 0.2 0
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 530 954 105 0.3 3.3
26k-50k 1203 694 106 0.1 10.4
51k-75k 155 74 7 0.1 12.6
76k-100k 69 7 1 0 59.1
101k-125k 10 3 1 0.1 20
126k-150k 10 1 0 60
151k-175k 1 0
176k-200k 6 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