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 2 0.5 0
176k-200k 3 7 2 0.4 2.6
201k-225k 2 12 4 1 1
226k-250k 6 30 6 0.8 1.2
251k-275k 27 55 4 0.3 2.9
276k-300k 92 140 23 0.3 3.9
301k-325k 194 234 25 0.2 5
326k-350k 238 250 36 0.2 5.7
351k-375k 243 238 29 0.2 6.1
376k-400k 311 235 28 0.1 7.9
401k-425k 183 134 14 0.1 8.2
426k-450k 217 126 17 0.1 10.3
451k-475k 143 69 16 0.1 12.4
476k-500k 156 73 11 0.1 12.8
501k-550k 218 131 9 0.1 10
551k-600k 217 81 12 0.1 16.1
601k-650k 126 66 8 0.1 11.5
651k-700k 143 61 10 0.1 14.1
701k-750k 85 44 6 0.1 11.6
751k-800k 102 16 2 0 38.3
801k-850k 51 26 4 0.1 11.8
851k-900k 53 20 4 0.1 15.9
901k-950k 44 12 2 0 22
951k-1m 65 9 3 0 43.3
1m-1.1m 35 14 3 0.1 15
1.1m-1.2m 50 11 4 0 27.3
1.2m-1.3m 44 10 2 0 26.4
1.3m-1.4m 33 5 3 0 39.6
1.4m-1.5m 40 9 2 0 26.7
1.5m-1.6m 25 2 0 75
1.6m-1.7m 20 2 0 60
1.7m-1.8m 14 5 1 0.1 16.8
1.8m-1.9m 12 4 0.1 18
1.9m-2m 16 3 1 0 32
2m-2.25m 11 1 1 0 66
2.25m-2.5m 17 1 0 102
2.5m-2.75m 6 1 0 36
2.75m-3m 11 0
3m-3.5m 7 1 0 42
3.5m-4m 7 1 0 42
4m-4.5m 5 0
4.5m-5m 3 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 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
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 5 5 1 0.2 6
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 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
1k-25k 1 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 13 12 2 0.2 6.5
151k-175k 27 14 4 0.1 11.6
176k-200k 46 19 4 0.1 14.5
201k-225k 38 11 2 0 20.7
226k-250k 57 11 4 0 31.1
251k-275k 43 14 3 0.1 18.4
276k-300k 43 13 2 0.1 19.8
301k-325k 22 10 2 0.1 13.2
326k-350k 25 5 2 0 30
351k-375k 7 5 1 0.1 8.4
376k-400k 8 1 0 48
401k-425k 4 2 0.1 12
426k-450k 5 2 0.1 15
451k-475k 2 3 1 0.3 4
476k-500k 8 1 0 48
501k-550k 4 3 0.1 8
551k-600k 10 4 2 0.1 15
601k-650k 6 4 0.1 9
651k-700k 6 1 1 0 36
701k-750k 2 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 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 2 0.3 3
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 16 3 0.1 15
26k-50k 477 466 73 0.2 6.1
51k-75k 785 147 18 0 32
76k-100k 307 119 17 0.1 15.5
101k-125k 134 39 8 0 20.6
126k-150k 88 23 3 0 23
151k-175k 72 6 1 0 72
176k-200k 85 16 4 0 31.9
201k-225k 40 9 4 0 26.7
226k-250k 62 5 0 74.4
251k-275k 41 7 1 0 35.1
276k-300k 59 6 1 0 59
301k-325k 18 7 0.1 15.4
326k-350k 30 3 0 60
351k-375k 19 0
376k-400k 26 2 0 78
401k-425k 3 1 1 0.1 18
426k-450k 16 1 0 96
451k-475k 4 3 0.1 8
476k-500k 24 2 2 0 72
501k-550k 20 2 0 60
551k-600k 13 1 1 0 78
601k-650k 7 0
651k-700k 14 0
701k-750k 3 0
751k-800k 9 0
801k-850k 4 0
851k-900k 5 0
901k-950k 2 0
951k-1m 2 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 2 1 0.2 6
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