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 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 4 2 0.7 0
101k-125k 3 10 1 0.6 1.8
126k-150k 9 10 4 0.2 5.4
151k-175k 6 21 2 0.6 1.7
176k-200k 19 27 4 0.2 4.2
201k-225k 19 53 15 0.5 2.2
226k-250k 48 88 18 0.3 3.3
251k-275k 48 94 13 0.3 3.1
276k-300k 66 178 26 0.4 2.2
301k-325k 60 162 23 0.5 2.2
326k-350k 113 154 23 0.2 4.4
351k-375k 65 119 17 0.3 3.3
376k-400k 75 116 14 0.3 3.9
401k-425k 24 45 15 0.3 3.2
426k-450k 55 62 14 0.2 5.3
451k-475k 22 42 5 0.3 3.1
476k-500k 43 38 8 0.1 6.8
501k-550k 35 45 7 0.2 4.7
551k-600k 21 30 1 0.2 4.2
601k-650k 19 27 3 0.2 4.2
651k-700k 23 17 2 0.1 8.1
701k-750k 14 12 0.1 7
751k-800k 10 15 2 0.3 4
801k-850k 9 10 1 0.2 5.4
851k-900k 8 5 1 0.1 9.6
901k-950k 6 3 0.1 12
951k-1m 4 2 0.1 12
1m-1.1m 2 6 1 0.5 2
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 4 0
1.3m-1.4m 5 5 2 0.2 6
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
3m-3.5m 1 0
3.5m-4m 1 1 0.2 0
6.01m-7m 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
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 3 0.5 2
176k-200k 5 3 0.1 10
201k-225k 5 8 2 0.3 3.8
226k-250k 5 4 1 0.1 7.5
251k-275k 9 5 0.1 10.8
276k-300k 10 3 0.1 20
301k-325k 1 0
1.5m-1.6m 2 0
1.6m-1.7m 2 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 7 9 2 0.2 4.7
126k-150k 6 17 1 0.5 2.1
151k-175k 8 2 1 0 24
176k-200k 10 4 1 0.1 15
201k-225k 4 2 0.1 12
226k-250k 3 4 1 0.2 4.5
251k-275k 2 0.3 0
276k-300k 1 7 1.2 0.9
301k-325k 2 4 1 0.3 3
326k-350k 1 3 2 0.5 2
351k-375k 1 0
376k-400k 1 0
401k-425k 4 0
501k-550k 1 0.2 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 1 2 1 0.3 3
26k-50k 12 21 4 0.3 3.4
51k-75k 18 8 0.1 13.5
76k-100k 12 4 0.1 18
101k-125k 6 2 0.1 18
126k-150k 9 5 0.1 10.8
151k-175k 3 1 0.1 18
176k-200k 7 1 0 42
201k-225k 1 0.2 0
226k-250k 2 1 0.1 12
251k-275k 5 0
276k-300k 3 1 0.1 18
301k-325k 2 0.3 0
326k-350k 2 0
351k-375k 1 0
376k-400k 5 1 0 30
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 5 0
601k-650k 1 0.2 0
701k-750k 1 1 0.2 6
751k-800k 1 3 0.5 2
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 5 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0
4m-4.5m 1 0
10.01m-11m 1 0