Absorption Report

Cape Coral, 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 12% 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
76k-100k 1 1 0.2 0
126k-150k 2 0.3 0
151k-175k 3 1 0.5 0
176k-200k 3 8 3 0.4 2.3
201k-225k 2 11 3 0.9 1.1
226k-250k 6 30 5 0.8 1.2
251k-275k 25 58 6 0.4 2.6
276k-300k 100 137 24 0.2 4.4
301k-325k 202 237 26 0.2 5.1
326k-350k 242 246 38 0.2 5.9
351k-375k 248 245 35 0.2 6.1
376k-400k 315 237 27 0.1 8
401k-425k 175 137 21 0.1 7.7
426k-450k 226 127 18 0.1 10.7
451k-475k 144 66 15 0.1 13.1
476k-500k 158 73 11 0.1 13
501k-550k 219 135 13 0.1 9.7
551k-600k 221 79 9 0.1 16.8
601k-650k 131 64 8 0.1 12.3
651k-700k 139 63 12 0.1 13.2
701k-750k 86 41 5 0.1 12.6
751k-800k 101 18 5 0 33.7
801k-850k 52 25 3 0.1 12.5
851k-900k 57 20 4 0.1 17.1
901k-950k 41 11 2 0 22.4
951k-1m 66 9 4 0 44
1m-1.1m 38 13 3 0.1 17.5
1.1m-1.2m 55 11 3 0 30
1.2m-1.3m 39 12 2 0.1 19.5
1.3m-1.4m 36 3 3 0 72
1.4m-1.5m 40 9 1 0 26.7
1.5m-1.6m 26 2 0 78
1.6m-1.7m 22 2 0 66
1.7m-1.8m 17 5 1 0 20.4
1.8m-1.9m 11 4 0.1 16.5
1.9m-2m 16 3 1 0 32
2m-2.25m 10 1 1 0 60
2.25m-2.5m 17 1 0 102
2.5m-2.75m 6 1 0 36
2.75m-3m 11 0
3m-3.5m 8 1 0 48
3.5m-4m 7 1 0 42
4m-4.5m 4 0
4.5m-5m 3 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 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 3 1 0.1 18
176k-200k 4 0
201k-225k 2 2 0.2 6
226k-250k 4 0
251k-275k 3 7 1 0.4 2.6
276k-300k 4 5 1 0.2 4.8
301k-325k 3 1 0.1 18
326k-350k 2 1 1 0.1 12
351k-375k 1 2 0.3 3
426k-450k 1 0
476k-500k 1 0
501k-550k 2 0
651k-700k 1 0
701k-750k 2 0
901k-950k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 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
1k-25k 1 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 15 12 2 0.1 7.5
151k-175k 25 15 3 0.1 10
176k-200k 49 20 5 0.1 14.7
201k-225k 39 10 1 0 23.4
226k-250k 58 12 5 0 29
251k-275k 43 16 5 0.1 16.1
276k-300k 44 12 1 0 22
301k-325k 24 9 1 0.1 16
326k-350k 25 5 2 0 30
351k-375k 6 5 1 0.1 7.2
376k-400k 8 1 0 48
401k-425k 5 3 0.1 10
426k-450k 4 1 0 24
451k-475k 2 3 1 0.3 4
476k-500k 9 1 0 54
501k-550k 5 3 0.1 10
551k-600k 11 4 2 0.1 16.5
601k-650k 4 3 0.1 8
651k-700k 6 1 1 0 36
701k-750k 3 0
751k-800k 1 0
801k-850k 4 0
851k-900k 1 1 0.2 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 0
1.7m-1.8m 1 0

Land 6% 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
1k-25k 40 18 5 0.1 13.3
26k-50k 485 470 77 0.2 6.2
51k-75k 802 147 19 0 32.7
76k-100k 307 125 19 0.1 14.7
101k-125k 134 38 7 0 21.2
126k-150k 90 23 3 0 23.5
151k-175k 75 6 1 0 75
176k-200k 87 15 3 0 34.8
201k-225k 40 9 4 0 26.7
226k-250k 64 5 0 76.8
251k-275k 40 7 1 0 34.3
276k-300k 55 6 1 0 55
301k-325k 20 6 0.1 20
326k-350k 29 2 0 87
351k-375k 17 1 1 0 102
376k-400k 28 2 0 84
401k-425k 3 1 1 0.1 18
426k-450k 17 1 0 102
451k-475k 4 3 0.1 8
476k-500k 24 2 2 0 72
501k-550k 21 2 0 63
551k-600k 14 1 0 84
601k-650k 7 0
651k-700k 12 0
701k-750k 3 0
751k-800k 10 0
801k-850k 4 0
851k-900k 5 0
901k-950k 2 0
951k-1m 2 0
1m-1.1m 4 1 0 24
1.1m-1.2m 3 2 1 0.1 9
1.2m-1.3m 4 1 1 0 24
1.3m-1.4m 5 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 1 0.2 6
6.01m-7m 1 0
29.01m-30m 1 0