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 1 0.2 6
76k-100k 2 2 0.2 6
101k-125k 4 4 1 0.2 6
126k-150k 15 14 2 0.2 6.4
151k-175k 11 9 3 0.1 7.3
176k-200k 22 23 4 0.2 5.7
201k-225k 27 47 9 0.3 3.4
226k-250k 77 91 21 0.2 5.1
251k-275k 144 162 49 0.2 5.3
276k-300k 313 313 69 0.2 6
301k-325k 320 264 67 0.1 7.3
326k-350k 395 200 51 0.1 11.9
351k-375k 290 147 39 0.1 11.8
376k-400k 223 99 19 0.1 13.5
401k-425k 75 26 5 0.1 17.3
426k-450k 60 26 1 0.1 13.8
451k-475k 29 15 6 0.1 11.6
476k-500k 31 5 3 0 37.2
501k-550k 19 8 0.1 14.3
551k-600k 11 3 0 22
601k-650k 8 3 0.1 16
651k-700k 6 1 0 36
701k-750k 2 0
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0

Townhouses 10% 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
101k-125k 1 0
176k-200k 4 2 0.1 12
201k-225k 1 0.2 0
226k-250k 5 0
251k-275k 7 3 1 0.1 14
276k-300k 9 2 0 27

Condos 7% 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 4 1 0.7 0
76k-100k 9 6 2 0.1 9
101k-125k 20 7 2 0.1 17.1
126k-150k 16 1 0 96
151k-175k 13 2 1 0 39
176k-200k 9 9 2 0.2 6
201k-225k 10 1 0 60
226k-250k 6 0
251k-275k 1 1 0.2 6

Land 4% 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 1495 612 98 0.1 14.7
26k-50k 1923 339 61 0 34
51k-75k 281 35 8 0 48.2
76k-100k 81 6 2 0 81
101k-125k 13 0
126k-150k 10 1 0 60
151k-175k 3 0
176k-200k 3 0
201k-225k 1 0
226k-250k 3 1 0.1 18
276k-300k 6 1 0 36
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
476k-500k 2 0
651k-700k 1 0
901k-950k 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 1 0