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
26k-50k 1 0
76k-100k 1 3 0.5 2
101k-125k 1 1 0.2 6
126k-150k 6 10 0.3 3.6
151k-175k 8 6 0.1 8
176k-200k 18 7 0.1 15.4
201k-225k 18 29 1 0.3 3.7
226k-250k 45 43 1 0.2 6.3
251k-275k 59 55 0.2 6.4
276k-300k 178 127 2 0.1 8.4
301k-325k 199 138 3 0.1 8.7
326k-350k 396 174 1 0.1 13.7
351k-375k 233 100 0.1 14
376k-400k 212 70 0.1 18.2
401k-425k 81 19 0 25.6
426k-450k 63 15 0 25.2
451k-475k 20 16 0.1 7.5
476k-500k 23 4 0 34.5
501k-550k 16 7 0.1 13.7
551k-600k 14 0
601k-650k 6 2 0.1 18
651k-700k 3 0
701k-750k 3 0
801k-850k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0
1.6m-1.7m 1 0

Townhouses 26% 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
151k-175k 1 0
201k-225k 2 0
226k-250k 4 3 0.1 8
251k-275k 8 3 0.1 16
276k-300k 2 2 0.2 6

Condos 14% 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 0.7 0
76k-100k 3 1 0.1 18
101k-125k 10 5 0.1 12
126k-150k 18 4 0 27
151k-175k 8 3 0.1 16
176k-200k 6 2 0.1 18
201k-225k 9 4 0.1 13.5
226k-250k 5 2 0.1 15
251k-275k 2 0
276k-300k 2 0
351k-375k 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 1109 371 16 0.1 17.9
26k-50k 1685 293 4 0 34.5
51k-75k 221 26 0 51
76k-100k 85 6 0 85
101k-125k 13 1 0 78
126k-150k 9 1 0 54
151k-175k 2 2 0.2 6
176k-200k 5 1 0 30
201k-225k 2 0
226k-250k 3 0
251k-275k 1 0
276k-300k 4 0
326k-350k 2 0
351k-375k 1 0
376k-400k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0.2 0
651k-700k 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0
5.01m-6m 1 0
8.01m-9m 1 0