Supply & Demand in Land O' Lakes, 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
76k-100k 1 0.2 0
176k-200k 2 1 1 0.1 12
201k-225k 3 0.5 0
226k-250k 1 9 2 1.5 0.7
251k-275k 1 16 2 2.7 0.4
276k-300k 7 23 2 0.5 1.8
301k-325k 7 31 10 0.7 1.4
326k-350k 24 73 13 0.5 2
351k-375k 22 74 13 0.6 1.8
376k-400k 33 104 17 0.5 1.9
401k-425k 35 92 15 0.4 2.3
426k-450k 30 71 1 0.4 2.5
451k-475k 21 50 7 0.4 2.5
476k-500k 23 46 8 0.3 3
501k-550k 43 91 12 0.4 2.8
551k-600k 30 70 11 0.4 2.6
601k-650k 17 47 6 0.5 2.2
651k-700k 19 37 4 0.3 3.1
701k-750k 11 20 1 0.3 3.3
751k-800k 11 15 3 0.2 4.4
801k-850k 6 23 2 0.6 1.6
851k-900k 4 3 0.1 8
901k-950k 4 6 1 0.3 4
951k-1m 3 2 0.1 9
1m-1.1m 4 3 0.1 8
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 2 0.3 0
1.5m-1.6m 1 0
1.7m-1.8m 2 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
226k-250k 2 1 0.1 12
251k-275k 2 7 2 0.6 1.7
276k-300k 8 15 4 0.3 3.2
301k-325k 16 22 3 0.2 4.4
326k-350k 7 23 2 0.5 1.8
351k-375k 1 19 3.2 0.3
376k-400k 1 6 1 1
426k-450k 1 1 0.2 0
501k-550k 1 0.2 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
126k-150k 4 0
151k-175k 1 2 0.3 3
176k-200k 1 3 0.5 2
201k-225k 1 1 0.2 6
226k-250k 2 0
251k-275k 2 1 0.1 12
276k-300k 2 1 0.3 0
301k-325k 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
51k-75k 3 1 0.1 18
76k-100k 2 0
126k-150k 3 0
151k-175k 2 1 0.1 12
176k-200k 8 2 0 24
201k-225k 4 1 0 24
226k-250k 2 2 0.2 6
276k-300k 1 0
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 2 0
451k-475k 1 0
551k-600k 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
4.5m-5m 1 0