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 2 0.3 0
51k-75k 2 0.3 0
76k-100k 5 1 0.8 0
101k-125k 2 14 4 1.2 0.9
126k-150k 5 11 0.4 2.7
151k-175k 5 20 3 0.7 1.5
176k-200k 15 33 4 0.4 2.7
201k-225k 24 62 14 0.4 2.3
226k-250k 47 82 15 0.3 3.4
251k-275k 46 109 19 0.4 2.5
276k-300k 80 166 20 0.3 2.9
301k-325k 58 147 13 0.4 2.4
326k-350k 97 141 19 0.2 4.1
351k-375k 72 100 10 0.2 4.3
376k-400k 70 111 12 0.3 3.8
401k-425k 27 45 4 0.3 3.6
426k-450k 45 60 7 0.2 4.5
451k-475k 27 39 4 0.2 4.2
476k-500k 35 33 4 0.2 6.4
501k-550k 36 52 8 0.2 4.2
551k-600k 25 26 2 0.2 5.8
601k-650k 20 22 2 0.2 5.5
651k-700k 20 17 3 0.1 7.1
701k-750k 10 8 3 0.1 7.5
751k-800k 12 12 2 0.2 6
801k-850k 10 7 1 0.1 8.6
851k-900k 8 5 0.1 9.6
901k-950k 4 2 0.1 12
951k-1m 9 3 2 0.1 18
1m-1.1m 2 6 0.5 2
1.1m-1.2m 4 1 0 24
1.2m-1.3m 6 0
1.3m-1.4m 3 5 0.3 3.6
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
2m-2.25m 1 2 1 0.3 3
3m-3.5m 2 0
3.5m-4m 1 0.2 0
6.01m-7m 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 1 0.2 0
151k-175k 3 4 1 0.2 4.5
176k-200k 4 4 0.2 6
201k-225k 3 9 1 0.5 2
226k-250k 7 5 2 0.1 8.4
251k-275k 13 4 1 0.1 19.5
276k-300k 4 3 2 0.1 8
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
76k-100k 1 3 1 0.5 2
101k-125k 7 8 0.2 5.3
126k-150k 7 12 0.3 3.5
151k-175k 11 4 0.1 16.5
176k-200k 8 4 2 0.1 12
201k-225k 3 2 0.1 9
226k-250k 4 2 0.1 12
251k-275k 2 0.3 0
276k-300k 2 6 0.5 2
301k-325k 4 4 1 0.2 6
326k-350k 1 3 0.5 2
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 1 2 0.3 3
26k-50k 7 17 3 0.4 2.5
51k-75k 23 9 1 0.1 15.3
76k-100k 11 3 0 22
101k-125k 8 3 3 0.1 16
126k-150k 8 3 0.1 16
151k-175k 3 0
176k-200k 4 0
201k-225k 1 1 0.2 6
226k-250k 2 1 0.1 12
251k-275k 5 0
276k-300k 4 2 1 0.1 12
301k-325k 2 0.3 0
326k-350k 2 1 1 0.1 12
351k-375k 3 0
376k-400k 4 2 1 0.1 12
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 5 0
751k-800k 3 0.5 0
801k-850k 1 0.2 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 5 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
3m-3.5m 1 0
10.01m-11m 1 0