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 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 2 1 0.1 12
276k-300k 2 4 0.3 3
301k-325k 3 0.5 0
326k-350k 1 4 0.7 1.5
351k-375k 1 2 0.3 3
376k-400k 4 6 1 0.3 4
401k-425k 5 6 0.2 5
426k-450k 19 11 3 0.1 10.4
451k-475k 7 2 0 21
476k-500k 14 12 5 0.1 7
501k-550k 42 35 5 0.1 7.2
551k-600k 33 28 6 0.1 7.1
601k-650k 25 21 4 0.1 7.1
651k-700k 35 20 2 0.1 10.5
701k-750k 18 12 2 0.1 9
751k-800k 31 11 2 0.1 16.9
801k-850k 31 8 1 0 23.3
851k-900k 32 19 7 0.1 10.1
901k-950k 12 8 0.1 9
951k-1m 31 18 5 0.1 10.3
1m-1.1m 20 15 3 0.1 8
1.1m-1.2m 23 15 7 0.1 9.2
1.2m-1.3m 14 8 3 0.1 10.5
1.3m-1.4m 10 4 1 0.1 15
1.4m-1.5m 10 2 1 0 30
1.5m-1.6m 2 4 2 0.3 3
1.6m-1.7m 13 2 0 39
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 7 4 1 0.1 10.5
1.9m-2m 8 1 0 48
2m-2.25m 8 6 2 0.1 8
2.25m-2.5m 4 4 1 0.2 6
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 11 4 1 0.1 16.5
3m-3.5m 10 0
3.5m-4m 8 2 1 0 24
4m-4.5m 4 1 1 0 24
4.5m-5m 4 1 0 24
5.01m-6m 7 1 0 42
6.01m-7m 3 2 0.1 9
7.01m-8m 4 0
9.01m-10m 3 0
12.01m-13m 1 1 0.2 6
21.01m-22m 1 0
24.01m-25m 1 0

Townhouses 27% 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 3 4 0.2 4.5
401k-425k 4 2 0.1 12
426k-450k 6 4 2 0.1 9
451k-475k 4 6 1 0.3 4
476k-500k 5 0
501k-550k 7 5 1 0.1 8.4
601k-650k 1 1 0.2 6
651k-700k 1 0
1.9m-2m 1 1 0.2 0

Condos 8% 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
151k-175k 1 1 1 0.2 6
176k-200k 5 6 1 0.2 5
201k-225k 4 4 2 0.2 6
226k-250k 10 6 2 0.1 10
251k-275k 9 8 2 0.1 6.8
276k-300k 25 10 2 0.1 15
301k-325k 33 8 0 24.8
326k-350k 30 9 1 0.1 20
351k-375k 22 12 2 0.1 11
376k-400k 43 22 1 0.1 11.7
401k-425k 20 9 0.1 13.3
426k-450k 30 11 2 0.1 16.4
451k-475k 24 5 1 0 28.8
476k-500k 19 12 0.1 9.5
501k-550k 32 10 1 0.1 19.2
551k-600k 24 5 1 0 28.8
601k-650k 32 7 0 27.4
651k-700k 26 10 4 0.1 15.6
701k-750k 15 3 1 0 30
751k-800k 15 4 0 22.5
801k-850k 13 1 1 0 78
851k-900k 12 0
901k-950k 4 3 1 0.1 8
951k-1m 6 3 0.1 12
1m-1.1m 3 2 0.1 9
1.1m-1.2m 13 1 0 78
1.2m-1.3m 7 3 0.1 14
1.3m-1.4m 2 1 1 0.1 12
1.4m-1.5m 4 0
1.5m-1.6m 5 1 0 30
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 7 1 0 42
1.8m-1.9m 4 1 1 0 24
1.9m-2m 5 4 1 0.1 7.5
2m-2.25m 5 3 0.1 10
2.25m-2.5m 10 0
2.5m-2.75m 8 0
2.75m-3m 6 3 1 0.1 12
3m-3.5m 7 2 1 0 21
3.5m-4m 6 2 0.1 18
4m-4.5m 7 0
4.5m-5m 3 3 1 0.2 6
5.01m-6m 1 0
6.01m-7m 1 0
9.01m-10m 1 0
15.01m-16m 1 0

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 2 1 0.1 12
101k-125k 1 0
126k-150k 7 3 1 0.1 14
151k-175k 6 2 0.1 18
176k-200k 4 6 3 0.3 4
201k-225k 5 0
226k-250k 11 2 0 33
251k-275k 4 0
276k-300k 6 2 0.1 18
301k-325k 3 0
326k-350k 3 1 0.1 18
351k-375k 3 0
376k-400k 5 0
401k-425k 2 1 0.1 12
426k-450k 2 1 0.1 12
451k-475k 1 1 0.2 0
476k-500k 6 0
501k-550k 1 0
551k-600k 1 0
601k-650k 2 0
651k-700k 4 1 0 24
701k-750k 1 0
751k-800k 2 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 0
5.01m-6m 4 0
6.01m-7m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0