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 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 2 0.3 0
51k-75k 2 1 0.3 0
76k-100k 6 1 1 0
101k-125k 4 11 2 0.5 2.2
126k-150k 7 12 2 0.3 3.5
151k-175k 7 14 6 0.3 3
176k-200k 14 29 12 0.3 2.9
201k-225k 30 38 14 0.2 4.7
226k-250k 49 79 11 0.3 3.7
251k-275k 52 87 13 0.3 3.6
276k-300k 78 98 26 0.2 4.8
301k-325k 87 127 27 0.2 4.1
326k-350k 106 115 31 0.2 5.5
351k-375k 66 97 16 0.2 4.1
376k-400k 86 75 20 0.1 6.9
401k-425k 39 43 7 0.2 5.4
426k-450k 48 33 7 0.1 8.7
451k-475k 29 39 14 0.2 4.5
476k-500k 32 23 9 0.1 8.3
501k-550k 29 40 11 0.2 4.4
551k-600k 31 23 8 0.1 8.1
601k-650k 13 16 2 0.2 4.9
651k-700k 16 16 5 0.2 6
701k-750k 7 7 2 0.2 6
751k-800k 11 6 0.1 11
801k-850k 10 7 0.1 8.6
851k-900k 4 3 1 0.1 8
901k-950k 3 4 0.2 4.5
951k-1m 3 4 0.2 4.5
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 4 0.3 3
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 1 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
3m-3.5m 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
126k-150k 1 0.2 0
151k-175k 4 4 0.2 6
176k-200k 3 6 0.3 3
201k-225k 10 3 0.1 20
226k-250k 6 11 2 0.3 3.3
251k-275k 5 8 1 0.3 3.8
276k-300k 6 6 0.2 6
301k-325k 1 0.2 0
1.6m-1.7m 1 0

Condos 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 4 7 2 0.3 3.4
126k-150k 16 5 0.1 19.2
151k-175k 9 5 1 0.1 10.8
176k-200k 7 7 2 0.2 6
201k-225k 5 4 1 0.1 7.5
226k-250k 5 2 1 0.1 15
251k-275k 2 1 0.1 12
276k-300k 4 4 0.2 6
301k-325k 2 1 1 0.1 12
326k-350k 3 3 1 0.2 6
351k-375k 2 1 1 0.1 12
376k-400k 1 1 0.2 6
401k-425k 1 0.2 0
476k-500k 1 0

Land 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
1k-25k 2 0.3 0
26k-50k 12 10 0.1 7.2
51k-75k 15 10 2 0.1 9
76k-100k 11 2 0 33
101k-125k 6 3 0.1 12
126k-150k 14 2 0 42
151k-175k 5 3 1 0.1 10
176k-200k 4 0
201k-225k 3 0
226k-250k 5 0
251k-275k 4 0
276k-300k 3 1 0.1 18
301k-325k 2 0
326k-350k 1 1 0.2 6
376k-400k 3 0
401k-425k 1 0
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 2 0
551k-600k 2 1 0.1 12
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
2m-2.25m 3 0
3m-3.5m 1 0
4m-4.5m 1 0
10.01m-11m 1 0