Supply & Demand in Lehigh Acres, 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 17% 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 0.2 0
76k-100k 2 2 0.2 6
101k-125k 4 2 1 0.1 12
126k-150k 9 6 3 0.1 9
151k-175k 13 9 1 0.1 8.7
176k-200k 20 17 6 0.1 7.1
201k-225k 28 39 6 0.2 4.3
226k-250k 60 75 13 0.2 4.8
251k-275k 117 88 16 0.1 8
276k-300k 319 240 56 0.1 8
301k-325k 328 185 42 0.1 10.6
326k-350k 445 179 35 0.1 14.9
351k-375k 307 118 15 0.1 15.6
376k-400k 238 95 15 0.1 15
401k-425k 88 21 4 0 25.1
426k-450k 67 24 3 0.1 16.8
451k-475k 28 11 0.1 15.3
476k-500k 24 2 0 72
501k-550k 17 10 2 0.1 10.2
551k-600k 14 2 2 0 42
601k-650k 6 3 1 0.1 12
651k-700k 5 1 0 30
701k-750k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.6m-1.7m 1 0

Townhouses 29% 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
126k-150k 1 0
176k-200k 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 7 4 0.1 10.5
251k-275k 4 7 0.3 3.4
276k-300k 1 1 0.2 6
401k-425k 1 0

Condos 11% 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 0.5 0
76k-100k 2 4 0.3 3
101k-125k 15 5 0.1 18
126k-150k 29 4 0 43.5
151k-175k 10 4 0.1 15
176k-200k 8 4 1 0.1 12
201k-225k 6 1 0 36
226k-250k 6 0
251k-275k 1 0
401k-425k 1 0

Land 5% 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 1428 542 78 0.1 15.8
26k-50k 1947 334 58 0 35
51k-75k 289 43 3 0 40.3
76k-100k 112 3 1 0 224
101k-125k 14 1 0 84
126k-150k 12 1 0 72
151k-175k 4 1 0 24
176k-200k 2 0
201k-225k 2 0
226k-250k 4 0
251k-275k 1 0
276k-300k 5 0
326k-350k 2 0
351k-375k 1 0
376k-400k 1 0
476k-500k 1 0
651k-700k 3 0
901k-950k 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3.5m-4m 1 0
5.01m-6m 1 0
8.01m-9m 1 0