Absorption Report

Plainfield, Lakelands

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months
Inventory		 5 months
Inventory		 > 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell 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 5 months of inventory in their price range, and they are 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.

56% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 5/1/24 Under Contract
Last 30 days		 Absorption Rate Months of Inventory
701k-750k 1 0.2 0
$732,800
13409 Lake Mary Dr.
751k-800k 1 1 0.2 0
$800,000
13349 Lake Mary Dr.
$800,000
13349 Lake Mary Dr.
851k-900k 2 1 0.3 0
$879,000
22917 Marina Dr.
$899,000
13207 Lake Mary Dr.
$899,000
13207 Lake Mary Dr.
901k-950k 1 0
$929,000
13237 S Lake Mary Dr.
951k-1m 1 2 1 0.3 3
$999,000
22514 Lake Mary Dr.
$1,000,000
13213 Lakepoint Dr.
$995,000
13161 Wood Duck Dr.
$995,000
13161 Wood Duck Dr.
1m-1.1m 1 1 0.2 6
$1,050,000
13218 Lakepoint Dr.
$1,075,000
13137 S Lake Mary Dr.
1.2m-1.3m 1 1 0.2 0
$1,270,000
13121 Merganser Cove
$1,270,000
13121 Merganser Cove
1.3m-1.4m 1 1 0.2 0
$1,400,000
13229 Lakeshore Dr.
$1,400,000
13229 Lakeshore Dr.
1.4m-1.5m 1 0
$1,479,000
13121 Wood Duck Dr.

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 5/1/24 Under Contract
Last 30 days		 Absorption Rate Months of Inventory
651k-700k 2 0.3 0
$670,000
22838 Harbour Ln.
$670,000
22852 Harbour Ln.
701k-750k 1 0.2 0
$705,000
13443 Lakeshore Dr.

100% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 5/1/24 Under Contract
Last 30 days		 Absorption Rate Months of Inventory
26k-50k 1 1 0.2 0
$40,000
13101 S Lake Mary Dr.
$40,000
13101 S Lake Mary Dr.