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 % 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 0.3 0
76k-100k 1 6 1 1
101k-125k 1 12 3 2 0.5
126k-150k 5 11 1 0.4 2.7
151k-175k 6 14 1 0.4 2.6
176k-200k 16 37 6 0.4 2.6
201k-225k 33 65 11 0.3 3
226k-250k 54 97 12 0.3 3.3
251k-275k 41 117 24 0.5 2.1
276k-300k 78 146 18 0.3 3.2
301k-325k 54 132 16 0.4 2.5
326k-350k 100 134 14 0.2 4.5
351k-375k 66 96 15 0.2 4.1
376k-400k 67 105 13 0.3 3.8
401k-425k 26 41 5 0.3 3.8
426k-450k 43 48 4 0.2 5.4
451k-475k 33 44 5 0.2 4.5
476k-500k 28 32 5 0.2 5.3
501k-550k 32 51 13 0.3 3.8
551k-600k 25 19 1 0.1 7.9
601k-650k 27 21 2 0.1 7.7
651k-700k 15 18 3 0.2 5
701k-750k 16 7 2 0.1 13.7
751k-800k 11 9 0.1 7.3
801k-850k 8 9 2 0.2 5.3
851k-900k 6 5 0.1 7.2
901k-950k 3 3 1 0.2 6
951k-1m 10 4 1 0.1 15
1m-1.1m 2 1 0.1 12
1.1m-1.2m 5 3 1 0.1 10
1.2m-1.3m 7 0
1.3m-1.4m 4 4 0.2 6
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
2m-2.25m 1 2 0.3 3
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 1 0.2 0
5.01m-6m 1 0

Townhouses % 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 2 0
151k-175k 4 3 1 0.1 8
176k-200k 3 5 0.3 3.6
201k-225k 4 11 1 0.5 2.2
226k-250k 6 6 2 0.2 6
251k-275k 18 5 0 21.6
276k-300k 9 7 0.1 7.7
301k-325k 1 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0

Condos % 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 1 0.2 0
76k-100k 1 4 1 0.7 1.5
101k-125k 8 6 1 0.1 8
126k-150k 7 11 1 0.3 3.8
151k-175k 11 8 3 0.1 8.3
176k-200k 7 4 1 0.1 10.5
201k-225k 5 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 6
276k-300k 2 5 1 0.4 2.4
301k-325k 3 5 2 0.3 3.6
326k-350k 3 0.5 0
351k-375k 1 0
376k-400k 1 0
401k-425k 2 0

Land % 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 3 3 0.2 6
26k-50k 9 12 0.2 4.5
51k-75k 21 12 2 0.1 10.5
76k-100k 7 6 1 0.1 7
101k-125k 6 5 2 0.1 7.2
126k-150k 9 2 0 27
151k-175k 1 2 1 0.3 3
176k-200k 2 0
201k-225k 2 1 0.1 12
226k-250k 3 1 0.1 18
251k-275k 2 0
276k-300k 4 2 0.1 12
301k-325k 2 0.3 0
326k-350k 2 1 0.1 12
351k-375k 3 0
376k-400k 3 2 0.1 9
476k-500k 1 0
501k-550k 2 0
551k-600k 4 1 1 0 24
751k-800k 1 2 0.3 3
801k-850k 1 0.2 0
851k-900k 2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
10.01m-11m 1 0