Carillon Lakes in Lakeland Florida – Absorption Rate Market Analysis
In my last blog, 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 seller 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 by price range 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*