Supply & Demand in Lakeland, 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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 1 0.2 6
51k-75k 3 1 0.5 0
76k-100k 2 5 2 0.4 2.4
101k-125k 4 10 2 0.4 2.4
126k-150k 3 14 2 0.8 1.3
151k-175k 7 12 3 0.3 3.5
176k-200k 17 37 11 0.4 2.8
201k-225k 17 49 5 0.5 2.1
226k-250k 30 85 16 0.5 2.1
251k-275k 47 96 20 0.3 2.9
276k-300k 52 168 33 0.5 1.9
301k-325k 49 156 32 0.5 1.9
326k-350k 79 135 26 0.3 3.5
351k-375k 52 105 21 0.3 3
376k-400k 62 108 29 0.3 3.4
401k-425k 25 49 7 0.3 3.1
426k-450k 34 48 12 0.2 4.3
451k-475k 13 35 7 0.4 2.2
476k-500k 30 21 4 0.1 8.6
501k-550k 27 33 10 0.2 4.9
551k-600k 23 28 9 0.2 4.9
601k-650k 8 19 1 0.4 2.5
651k-700k 14 14 6 0.2 6
701k-750k 7 13 2 0.3 3.2
751k-800k 15 12 3 0.1 7.5
801k-850k 5 8 3 0.3 3.8
851k-900k 5 0
901k-950k 5 1 0 30
951k-1m 1 3 0.5 2
1m-1.1m 2 3 0.3 4
1.1m-1.2m 3 6 0.3 3
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 1 2 1 0.3 3
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 0
151k-175k 1 5 2 0.8 1.2
176k-200k 1 5 2 0.8 1.2
201k-225k 1 5 1 0.8 1.2
226k-250k 5 12 1 0.4 2.5
251k-275k 6 20 5 0.6 1.8
276k-300k 12 9 3 0.1 8
351k-375k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 6
101k-125k 2 2 0.2 6
126k-150k 8 7 0.1 6.9
151k-175k 7 6 0.1 7
176k-200k 9 4 0.1 13.5
201k-225k 3 3 0.2 6
226k-250k 2 7 1 0.6 1.7
251k-275k 1 2 0.3 3
276k-300k 3 4 0.2 4.5
301k-325k 3 2 1 0.1 9
326k-350k 3 1 0.5 0
351k-375k 4 0.7 0
376k-400k 2 1 0.1 12
701k-750k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 0
26k-50k 8 9 4 0.2 5.3
51k-75k 8 4 0.1 12
76k-100k 7 9 1 0.2 4.7
101k-125k 6 5 0.1 7.2
126k-150k 9 2 1 0 27
151k-175k 2 2 2 0.2 6
176k-200k 4 1 0 24
201k-225k 2 1 1 0.1 12
226k-250k 3 0
251k-275k 1 0
301k-325k 1 0
326k-350k 2 0
351k-375k 1 0
426k-450k 1 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 3 2 0.1 9
1.3m-1.4m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0