Carillon Lakes in Lakeland Florida – Absorption Rate Market Analysis
My last featured blog titled Pricing Realistically - Understanding Absorption Rate in Real Estate inspired me to look at the Lakeland Fl Real Estate Market more closely by studying local Absorption Rate. I defined the absorption rate for Lakeland Florida homes and wrote that I would help you understand how absorption rates and housing supply is calculated within a specific community, such as Carillon Lakes in Lakeland Florida.
Real Estate is Local! While I have been writing overall market reports for Lakeland, Florida for some time now, I often get asked what the current home prices in certain neighborhoods or subdivisions are. Creating a Absorption Rate Market Analysis for a specific location, such as Carillon Lakes, gives buyers and sellers in-depth information on where the market is heading.
The graph below shows clearly that the Carillon Lakes housing market, while still a Buyer’s Market, has improved within the last three months of a reduced months of home inventory supply.
While absorption rate will certainly help a Seller understand better to determine how long it might take to sell their home. Absorption rate can be calculated by zip codes, neighborhoods, subdivisions, and by price range which is another way of helping a Lakeland Fl Seller understand their pricing strategy.
Stay tuned for Absorption Rate by price range!
Copyright © 2010 By Petra Norris *Carillon Lakes in Lakeland Florida – Absorption Rate Market Analysis*