Supply & Demand in 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 23% 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 1 0.2 0
26k-50k 1 0
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 5 1 0.8 1.2
126k-150k 9 7 1 0.1 7.7
151k-175k 5 15 5 0.5 2
176k-200k 9 21 6 0.4 2.6
201k-225k 19 22 3 0.2 5.2
226k-250k 39 52 18 0.2 4.5
251k-275k 53 85 26 0.3 3.7
276k-300k 164 215 50 0.2 4.6
301k-325k 159 260 57 0.3 3.7
326k-350k 355 248 73 0.1 8.6
351k-375k 257 171 42 0.1 9
376k-400k 216 149 35 0.1 8.7
401k-425k 90 48 10 0.1 11.3
426k-450k 60 37 7 0.1 9.7
451k-475k 25 12 3 0.1 12.5
476k-500k 31 8 4 0 23.3
501k-550k 18 7 1 0.1 15.4
551k-600k 9 4 0.1 13.5
601k-650k 4 2 1 0.1 12
651k-700k 5 0
701k-750k 3 1 0.1 18
851k-900k 1 1 0.2 6
1m-1.1m 1 0
1.6m-1.7m 1 0

Townhouses 22% 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
51k-75k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 5 1 1 0 30
251k-275k 4 2 0.1 12
276k-300k 5 10 2 0.3 3
301k-325k 4 5 0.2 4.8

Condos 10% 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
76k-100k 2 6 3 0.5 2
101k-125k 9 8 2 0.1 6.8
126k-150k 22 6 0 22
151k-175k 10 4 0.1 15
176k-200k 10 4 2 0.1 15
201k-225k 4 4 1 0.2 6
226k-250k 4 1 0 24
251k-275k 5 1 0 30
301k-325k 2 0
351k-375k 1 0

Land 9% 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 962 951 138 0.2 6.1
26k-50k 1684 702 166 0.1 14.4
51k-75k 241 87 13 0.1 16.6
76k-100k 99 9 2 0 66
101k-125k 15 2 0 45
126k-150k 11 0
151k-175k 2 0
176k-200k 7 1 0 42
201k-225k 1 0
226k-250k 3 0
276k-300k 3 0
326k-350k 3 0
351k-375k 1 0
376k-400k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
551k-600k 1 0
651k-700k 3 0
901k-950k 1 0
1m-1.1m 1 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0
6.01m-7m 1 0
8.01m-9m 1 0