Supply & Demand in Land O' Lakes, 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
1k-25k 1 0.2 0
226k-250k 1 5 0.8 1.2
251k-275k 1 3 0.5 2
276k-300k 3 8 0.4 2.3
301k-325k 2 15 5 1.3 0.8
326k-350k 11 44 14 0.7 1.5
351k-375k 21 53 9 0.4 2.4
376k-400k 23 54 13 0.4 2.6
401k-425k 19 51 8 0.4 2.2
426k-450k 29 45 3 0.3 3.9
451k-475k 22 50 10 0.4 2.6
476k-500k 26 50 9 0.3 3.1
501k-550k 28 61 11 0.4 2.8
551k-600k 16 55 6 0.6 1.7
601k-650k 24 39 6 0.3 3.7
651k-700k 17 32 5 0.3 3.2
701k-750k 13 12 2 0.2 6.5
751k-800k 15 13 4 0.1 6.9
801k-850k 4 13 3 0.5 1.8
851k-900k 9 5 0.1 10.8
901k-950k 3 2 0.1 9
951k-1m 3 1 0.1 18
1m-1.1m 2 1 0.3 0
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 3 1 1 0.1 18
1.3m-1.4m 1 2 0.3 3
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 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
176k-200k 1 0.2 0
251k-275k 2 14 2 1.2 0.9
276k-300k 10 68 17 1.1 0.9
301k-325k 15 55 6 0.6 1.6
326k-350k 11 48 11 0.7 1.4
351k-375k 2 11 1 0.9 1.1
376k-400k 2 0
401k-425k 1 0.2 0
426k-450k 1 1 0.2 0
451k-475k 1 3 1 0.5 2
476k-500k 1 0.2 0
501k-550k 1 3 1 0.5 2

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
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
226k-250k 2 2 1 0.2 6
251k-275k 3 1 1 0.1 18
276k-300k 1 0
326k-350k 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 2 2 0.2 6
126k-150k 1 2 1 0.3 3
151k-175k 2 0.3 0
176k-200k 5 0
201k-225k 1 0
226k-250k 1 0
251k-275k 6 0
276k-300k 2 1 1 0.1 12
326k-350k 2 0
426k-450k 1 0
451k-475k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
1.3m-1.4m 1 0
4m-4.5m 1 0
5.01m-6m 1 1 1 0.2 6