Absorption Report

Bonita Springs, 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 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 2 0.1 9
301k-325k 4 0.7 0
326k-350k 1 5 2 0.8 1.2
351k-375k 5 0.8 0
376k-400k 4 6 1 0.3 4
401k-425k 3 5 0.3 3.6
426k-450k 17 12 3 0.1 8.5
451k-475k 3 7 0.4 2.6
476k-500k 16 12 3 0.1 8
501k-550k 38 29 4 0.1 7.9
551k-600k 38 25 8 0.1 9.1
601k-650k 26 23 3 0.1 6.8
651k-700k 31 24 2 0.1 7.8
701k-750k 17 16 4 0.2 6.4
751k-800k 26 12 1 0.1 13
801k-850k 28 12 5 0.1 14
851k-900k 35 14 1 0.1 15
901k-950k 11 10 3 0.2 6.6
951k-1m 18 11 1 0.1 9.8
1m-1.1m 17 13 4 0.1 7.8
1.1m-1.2m 25 13 3 0.1 11.5
1.2m-1.3m 12 6 2 0.1 12
1.3m-1.4m 9 5 2 0.1 10.8
1.4m-1.5m 9 3 0.1 18
1.5m-1.6m 4 1 1 0 24
1.6m-1.7m 11 3 2 0 22
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 5 2 1 0.1 15
2m-2.25m 11 6 1 0.1 11
2.25m-2.5m 4 3 2 0.1 8
2.5m-2.75m 4 2 1 0.1 12
2.75m-3m 7 4 3 0.1 10.5
3m-3.5m 9 0
3.5m-4m 6 3 2 0.1 12
4m-4.5m 4 0
4.5m-5m 4 1 1 0 24
5.01m-6m 7 1 0 42
6.01m-7m 3 2 0.1 9
7.01m-8m 3 1 0.1 18
9.01m-10m 1 0
10.01m-11m 1 0
12.01m-13m 1 0.2 0
21.01m-22m 1 0

Townhouses 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
226k-250k 1 0
251k-275k 1 0.2 0
326k-350k 1 0.2 0
376k-400k 1 4 0.7 1.5
401k-425k 2 2 0.2 6
426k-450k 3 2 0.1 9
451k-475k 6 3 1 0.1 12
476k-500k 4 1 1 0 24
501k-550k 7 2 1 0 21
551k-600k 1 1 0.2 0
601k-650k 1 1 0.2 6
651k-700k 1 0
1.9m-2m 1 0

Condos 8% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 7 7 4 0.2 6
201k-225k 3 2 0.1 9
226k-250k 8 4 0.1 12
251k-275k 12 5 0.1 14.4
276k-300k 20 11 3 0.1 10.9
301k-325k 33 7 1 0 28.3
326k-350k 26 14 3 0.1 11.1
351k-375k 25 10 1 0.1 15
376k-400k 42 25 2 0.1 10.1
401k-425k 16 10 2 0.1 9.6
426k-450k 25 9 1 0.1 16.7
451k-475k 22 6 1 0 22
476k-500k 14 10 0.1 8.4
501k-550k 22 15 4 0.1 8.8
551k-600k 22 8 0.1 16.5
601k-650k 24 9 4 0.1 16
651k-700k 32 7 3 0 27.4
701k-750k 13 5 1 0.1 15.6
751k-800k 12 4 0.1 18
801k-850k 10 1 0 60
851k-900k 9 0
901k-950k 4 1 0 24
951k-1m 5 3 2 0.1 10
1m-1.1m 4 4 1 0.2 6
1.1m-1.2m 8 1 0 48
1.2m-1.3m 7 2 1 0 21
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 4 0
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 8 1 0 48
1.8m-1.9m 5 0
1.9m-2m 5 2 0.1 15
2m-2.25m 2 4 1 0.3 3
2.25m-2.5m 8 0
2.5m-2.75m 5 1 1 0 30
2.75m-3m 7 3 1 0.1 14
3m-3.5m 6 2 1 0.1 18
3.5m-4m 5 1 0 30
4m-4.5m 8 0
4.5m-5m 5 1 0 30
5.01m-6m 1 1 1 0.2 6
6.01m-7m 1 0
9.01m-10m 1 0
15.01m-16m 1 1 0.2 6

Land 5% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 0
51k-75k 2 1 0.1 12
76k-100k 3 1 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 5 2 1 0.1 15
151k-175k 6 2 0.1 18
176k-200k 4 4 0.2 6
201k-225k 4 1 0 24
226k-250k 10 2 0 30
251k-275k 4 0
276k-300k 5 2 0.1 15
301k-325k 3 0
326k-350k 6 1 0 36
351k-375k 2 0
376k-400k 3 1 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 1 0.1 12
476k-500k 5 0
501k-550k 3 1 0.1 18
551k-600k 1 0
601k-650k 2 0
651k-700k 2 1 0.1 12
701k-750k 1 0
751k-800k 4 0
851k-900k 2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
4m-4.5m 2 1 0.1 12
5.01m-6m 4 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0