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 82 154 23 0.3 3.2
301k-325k 183 248 35 0.2 4.4
326k-350k 262 290 61 0.2 5.4
351k-375k 241 257 31 0.2 5.6
376k-400k 285 264 47 0.2 6.5
401k-425k 191 163 21 0.1 7
426k-450k 197 143 21 0.1 8.3
451k-475k 120 83 12 0.1 8.7
476k-500k 157 82 12 0.1 11.5
501k-550k 211 161 19 0.1 7.9
551k-600k 190 87 10 0.1 13.1
601k-650k 127 75 13 0.1 10.2
651k-700k 119 63 14 0.1 11.3
701k-750k 78 45 7 0.1 10.4
751k-800k 77 29 4 0.1 15.9
801k-850k 55 23 2 0.1 14.3
851k-900k 49 18 2 0.1 16.3
901k-950k 45 14 4 0.1 19.3
951k-1m 60 8 0 45
1m-1.1m 37 19 3 0.1 11.7
1.1m-1.2m 41 8 0 30.8
1.2m-1.3m 39 12 6 0.1 19.5
1.3m-1.4m 28 5 1 0 33.6
1.4m-1.5m 35 9 0 23.3
1.5m-1.6m 21 2 0 63
1.6m-1.7m 15 3 1 0 30
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 14 4 0 21
2.5m-2.75m 8 1 0 48
2.75m-3m 9 1 0 54
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
12.01m-13m 1 0

Townhouses 10% 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 2 8 0.7 1.5
276k-300k 4 8 1 0.3 3
301k-325k 4 1 0 24
326k-350k 4 1 0 24
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 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
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 24 11 3 0.1 13.1
176k-200k 51 18 2 0.1 17
201k-225k 35 13 6 0.1 16.2
226k-250k 62 10 2 0 37.2
251k-275k 46 14 5 0.1 19.7
276k-300k 46 14 2 0.1 19.7
301k-325k 19 14 3 0.1 8.1
326k-350k 24 5 3 0 28.8
351k-375k 4 2 1 0.1 12
376k-400k 8 3 1 0.1 16
401k-425k 4 2 0.1 12
426k-450k 6 3 0.1 12
451k-475k 5 0
476k-500k 6 3 2 0.1 12
501k-550k 5 2 0.1 15
551k-600k 8 3 2 0.1 16
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 33 25 9 0.1 7.9
26k-50k 477 465 64 0.2 6.2
51k-75k 811 151 31 0 32.2
76k-100k 303 124 24 0.1 14.7
101k-125k 148 39 12 0 22.8
126k-150k 94 26 7 0 21.7
151k-175k 63 8 1 0 47.3
176k-200k 91 13 2 0 42
201k-225k 46 7 0 39.4
226k-250k 64 6 2 0 64
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 5 1 0 30
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 3 0
1.4m-1.5m 4 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