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 % 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
176k-200k 1 3 0.5 2
201k-225k 1 0.2 0
226k-250k 1 6 1 1
251k-275k 2 9 0.8 1.3
276k-300k 7 9 1 0.2 4.7
301k-325k 12 33 6 0.5 2.2
326k-350k 22 71 14 0.5 1.9
351k-375k 34 64 9 0.3 3.2
376k-400k 35 78 8 0.4 2.7
401k-425k 27 77 5 0.5 2.1
426k-450k 26 35 5 0.2 4.5
451k-475k 25 41 6 0.3 3.7
476k-500k 26 40 9 0.3 3.9
501k-550k 42 68 9 0.3 3.7
551k-600k 30 43 2 0.2 4.2
601k-650k 17 26 3 0.3 3.9
651k-700k 16 31 1 0.3 3.1
701k-750k 8 15 1 0.3 3.2
751k-800k 2 12 1 1
801k-850k 4 13 1 0.5 1.8
851k-900k 2 7 1 0.6 1.7
901k-950k 2 6 1 0.5 2
951k-1m 5 3 0.1 10
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 2 0.2 6
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0.2 0
1.7m-1.8m 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
226k-250k 5 3 1 0.1 10
251k-275k 4 8 1 0.3 3
276k-300k 16 16 3 0.2 6
301k-325k 22 17 1 0.1 7.8
326k-350k 2 22 1.8 0.5
351k-375k 7 1.2 0
376k-400k 2 6 0.5 2
401k-425k 1 1 0.2 0
426k-450k 1 0.2 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
126k-150k 2 1 1 0.1 12
151k-175k 2 2 1 0.2 6
176k-200k 1 0
201k-225k 1 1 0.2 0
226k-250k 4 1 0 24
251k-275k 3 2 0.1 9
276k-300k 1 0.2 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
51k-75k 1 1 0.2 6
76k-100k 2 0
101k-125k 1 0
126k-150k 4 1 0 24
151k-175k 2 0
176k-200k 4 0
201k-225k 6 0
226k-250k 8 0
251k-275k 1 0
276k-300k 2 0
326k-350k 1 0
351k-375k 3 0
451k-475k 1 0
501k-550k 1 0.2 0
551k-600k 2 1 1 0.1 12
1.2m-1.3m 1 0
1.8m-1.9m 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