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 15% 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
201k-225k 1 0.2 0
226k-250k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 2 3 1 0.3 4
301k-325k 4 0.7 0
326k-350k 1 5 1 0.8 1.2
351k-375k 3 0.5 0
376k-400k 4 5 1 0.2 4.8
401k-425k 3 6 1 0.3 3
426k-450k 16 14 5 0.1 6.9
451k-475k 4 6 0.3 4
476k-500k 16 12 2 0.1 8
501k-550k 41 30 7 0.1 8.2
551k-600k 32 27 8 0.1 7.1
601k-650k 25 21 4 0.1 7.1
651k-700k 33 24 3 0.1 8.3
701k-750k 19 17 5 0.1 6.7
751k-800k 24 13 3 0.1 11.1
801k-850k 28 13 6 0.1 12.9
851k-900k 36 13 1 0.1 16.6
901k-950k 11 11 4 0.2 6
951k-1m 20 12 2 0.1 10
1m-1.1m 17 13 7 0.1 7.8
1.1m-1.2m 24 14 5 0.1 10.3
1.2m-1.3m 9 7 3 0.1 7.7
1.3m-1.4m 7 6 3 0.1 7
1.4m-1.5m 11 2 0 33
1.5m-1.6m 5 1 1 0 30
1.6m-1.7m 11 3 2 0 22
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 3 4 2 0.2 4.5
1.9m-2m 6 2 1 0.1 18
2m-2.25m 11 5 0.1 13.2
2.25m-2.5m 5 3 2 0.1 10
2.5m-2.75m 3 2 0.1 9
2.75m-3m 8 4 3 0.1 12
3m-3.5m 9 0
3.5m-4m 9 3 2 0.1 18
4m-4.5m 5 0
4.5m-5m 4 1 1 0 24
5.01m-6m 7 1 0 42
6.01m-7m 3 3 0.2 6
7.01m-8m 3 0
9.01m-10m 2 0
10.01m-11m 1 0
12.01m-13m 1 0.2 0
21.01m-22m 1 0
24.01m-25m 1 0

Townhouses 22% 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
226k-250k 1 0
251k-275k 1 0.2 0
326k-350k 1 0.2 0
376k-400k 2 4 0.3 3
401k-425k 2 2 0.2 6
426k-450k 4 2 0.1 12
451k-475k 6 4 2 0.1 9
476k-500k 5 1 1 0 30
501k-550k 7 3 2 0.1 14
601k-650k 1 1 0.2 6
651k-700k 1 0
1.9m-2m 1 1 0.2 0

Condos 9% 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
176k-200k 6 8 4 0.2 4.5
201k-225k 4 2 0.1 12
226k-250k 8 5 1 0.1 9.6
251k-275k 10 6 1 0.1 10
276k-300k 19 9 2 0.1 12.7
301k-325k 32 7 1 0 27.4
326k-350k 28 13 1 0.1 12.9
351k-375k 25 11 2 0.1 13.6
376k-400k 38 27 4 0.1 8.4
401k-425k 15 10 3 0.1 9
426k-450k 28 10 2 0.1 16.8
451k-475k 23 5 0 27.6
476k-500k 14 12 1 0.1 7
501k-550k 25 13 2 0.1 11.5
551k-600k 22 6 0 22
601k-650k 27 9 5 0.1 18
651k-700k 32 7 2 0 27.4
701k-750k 11 6 2 0.1 11
751k-800k 15 4 0 22.5
801k-850k 11 1 0 66
851k-900k 9 0
901k-950k 4 1 0 24
951k-1m 6 3 2 0.1 12
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 9 1 0 54
1.2m-1.3m 5 3 2 0.1 10
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 4 1 0 24
1.5m-1.6m 5 0
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 8 1 0 48
1.8m-1.9m 4 1 1 0 24
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 6 1 1 0 36
2.75m-3m 7 3 1 0.1 14
3m-3.5m 6 2 1 0.1 18
3.5m-4m 6 1 0 36
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 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
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 5 4 0.1 7.5
201k-225k 4 1 0 24
226k-250k 11 2 0 33
251k-275k 4 0
276k-300k 5 2 0.1 15
301k-325k 3 0
326k-350k 5 1 0 30
351k-375k 3 0
376k-400k 4 1 1 0 24
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
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 1 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