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 14% 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 1 0.2 6
276k-300k 2 4 1 0.3 3
301k-325k 3 0.5 0
326k-350k 1 4 0.7 1.5
351k-375k 1 3 0.5 2
376k-400k 3 6 1 0.3 3
401k-425k 5 6 1 0.2 5
426k-450k 18 11 2 0.1 9.8
451k-475k 7 3 0.1 14
476k-500k 15 13 5 0.1 6.9
501k-550k 40 37 9 0.2 6.5
551k-600k 32 28 10 0.1 6.9
601k-650k 24 20 2 0.1 7.2
651k-700k 35 22 6 0.1 9.5
701k-750k 20 12 3 0.1 10
751k-800k 32 13 3 0.1 14.8
801k-850k 31 8 1 0 23.3
851k-900k 31 19 7 0.1 9.8
901k-950k 12 8 1 0.1 9
951k-1m 31 17 4 0.1 10.9
1m-1.1m 21 16 4 0.1 7.9
1.1m-1.2m 25 13 6 0.1 11.5
1.2m-1.3m 14 7 2 0.1 12
1.3m-1.4m 11 3 1 0 22
1.4m-1.5m 11 2 1 0 33
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 5 3 0.1 10
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 10 4 2 0.1 15
3m-3.5m 9 0
3.5m-4m 9 2 1 0 27
4m-4.5m 4 1 1 0 24
4.5m-5m 5 1 0 30
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 30% 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 4 4 2 0.2 6
451k-475k 3 6 3 0.3 3
476k-500k 4 0
501k-550k 7 5 2 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 8 2 0.3 3.8
201k-225k 3 3 1 0.2 6
226k-250k 11 6 3 0.1 11
251k-275k 8 7 1 0.1 6.9
276k-300k 24 9 1 0.1 16
301k-325k 33 9 2 0 22
326k-350k 27 10 1 0.1 16.2
351k-375k 22 13 3 0.1 10.2
376k-400k 44 24 3 0.1 11
401k-425k 19 9 1 0.1 12.7
426k-450k 30 11 2 0.1 16.4
451k-475k 24 6 1 0 24
476k-500k 19 13 1 0.1 8.8
501k-550k 31 11 1 0.1 16.9
551k-600k 24 6 1 0 24
601k-650k 32 10 2 0.1 19.2
651k-700k 27 9 3 0.1 18
701k-750k 14 3 1 0 28
751k-800k 13 4 0.1 19.5
801k-850k 11 1 1 0 66
851k-900k 12 0
901k-950k 4 2 0.1 12
951k-1m 6 4 3 0.1 9
1m-1.1m 3 2 0.1 9
1.1m-1.2m 12 1 0 72
1.2m-1.3m 7 3 1 0.1 14
1.3m-1.4m 2 1 1 0.1 12
1.4m-1.5m 4 1 0 24
1.5m-1.6m 5 1 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 7 3 0.1 14
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 7% 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 1 0.2 6
126k-150k 7 3 1 0.1 14
151k-175k 6 2 0.1 18
176k-200k 4 7 3 0.3 3.4
201k-225k 5 1 0 30
226k-250k 10 2 0 30
251k-275k 4 0
276k-300k 5 2 0.1 15
301k-325k 4 0
326k-350k 4 2 0.1 12
351k-375k 3 0
376k-400k 4 0
401k-425k 2 1 0.1 12
426k-450k 1 2 1 0.3 3
476k-500k 6 1 1 0 36
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
7.01m-8m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0