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 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
76k-100k 1 0
126k-150k 2 0.3 0
151k-175k 2 0.3 0
176k-200k 1 6 1 1 1
201k-225k 2 11 1 0.9 1.1
226k-250k 8 23 4 0.5 2.1
251k-275k 23 58 12 0.4 2.4
276k-300k 84 154 24 0.3 3.3
301k-325k 175 245 33 0.2 4.3
326k-350k 266 286 55 0.2 5.6
351k-375k 233 257 31 0.2 5.4
376k-400k 285 266 47 0.2 6.4
401k-425k 192 161 19 0.1 7.2
426k-450k 201 140 20 0.1 8.6
451k-475k 121 84 12 0.1 8.6
476k-500k 154 82 12 0.1 11.3
501k-550k 214 162 19 0.1 7.9
551k-600k 187 85 8 0.1 13.2
601k-650k 127 75 13 0.1 10.2
651k-700k 116 63 13 0.1 11
701k-750k 81 45 7 0.1 10.8
751k-800k 78 28 3 0.1 16.7
801k-850k 54 23 2 0.1 14.1
851k-900k 48 18 2 0.1 16
901k-950k 43 14 4 0.1 18.4
951k-1m 59 9 1 0 39.3
1m-1.1m 37 19 3 0.1 11.7
1.1m-1.2m 39 8 0 29.3
1.2m-1.3m 40 12 6 0.1 20
1.3m-1.4m 28 5 1 0 33.6
1.4m-1.5m 34 9 0 22.7
1.5m-1.6m 20 2 0 60
1.6m-1.7m 16 3 1 0 32
1.7m-1.8m 12 2 0 36
1.8m-1.9m 18 6 1 0.1 18
1.9m-2m 12 2 0 36
2m-2.25m 12 1 1 0 72
2.25m-2.5m 13 4 0.1 19.5
2.5m-2.75m 8 1 0 48
2.75m-3m 8 1 0 48
3m-3.5m 5 1 0 30
3.5m-4m 7 3 0.1 14
4m-4.5m 3 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 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
151k-175k 3 1 0.1 18
176k-200k 2 0
201k-225k 1 2 1 0.3 3
226k-250k 3 0
251k-275k 1 6 1 1
276k-300k 6 8 0.2 4.5
301k-325k 4 1 0 24
326k-350k 4 2 0.1 12
351k-375k 2 0.3 0
426k-450k 1 0
501k-550k 3 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 1 0.1 12
751k-800k 1 1 0.2 6
851k-900k 2 0.3 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 3 1 0.5 0
126k-150k 5 14 3 0.5 2.1
151k-175k 23 11 3 0.1 12.5
176k-200k 50 18 2 0.1 16.7
201k-225k 37 13 6 0.1 17.1
226k-250k 61 10 2 0 36.6
251k-275k 45 14 5 0.1 19.3
276k-300k 48 13 1 0 22.2
301k-325k 18 15 4 0.1 7.2
326k-350k 24 4 2 0 36
351k-375k 5 2 1 0.1 15
376k-400k 9 2 0 27
401k-425k 4 2 0.1 12
426k-450k 5 3 0.1 10
451k-475k 3 0
476k-500k 9 2 1 0 27
501k-550k 5 2 0.1 15
551k-600k 7 3 2 0.1 14
601k-650k 6 4 0.1 9
651k-700k 6 2 1 0.1 18
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 3 0
851k-900k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 3 3 0.2 6
1.6m-1.7m 3 0
1.7m-1.8m 1 1 0.2 0
3.5m-4m 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
1k-25k 32 26 10 0.1 7.4
26k-50k 477 460 59 0.2 6.2
51k-75k 810 150 29 0 32.4
76k-100k 300 123 22 0.1 14.6
101k-125k 148 39 12 0 22.8
126k-150k 95 26 7 0 21.9
151k-175k 61 8 1 0 45.8
176k-200k 92 13 2 0 42.5
201k-225k 46 7 0 39.4
226k-250k 66 5 1 0 79.2
251k-275k 45 9 2 0 30
276k-300k 49 6 2 0 49
301k-325k 18 8 0.1 13.5
326k-350k 35 4 0 52.5
351k-375k 20 1 0 120
376k-400k 25 2 0 75
401k-425k 5 0
426k-450k 14 2 0 42
451k-475k 4 1 0 24
476k-500k 21 2 0 63
501k-550k 20 0
551k-600k 15 2 2 0 45
601k-650k 7 4 3 0.1 10.5
651k-700k 18 0
701k-750k 2 0
751k-800k 9 0
801k-850k 5 0
851k-900k 4 0
901k-950k 3 0
951k-1m 2 0
1m-1.1m 5 1 0 30
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4.5m-5m 1 0.2 0
6.01m-7m 1 0
29.01m-30m 1 0