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 15% 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 1 11 1 1.8 0.5
226k-250k 9 25 4 0.5 2.2
251k-275k 23 62 12 0.4 2.2
276k-300k 83 160 27 0.3 3.1
301k-325k 175 252 41 0.2 4.2
326k-350k 257 288 57 0.2 5.4
351k-375k 231 263 32 0.2 5.3
376k-400k 279 268 45 0.2 6.2
401k-425k 193 165 22 0.1 7
426k-450k 205 145 18 0.1 8.5
451k-475k 122 84 11 0.1 8.7
476k-500k 157 81 11 0.1 11.6
501k-550k 209 162 22 0.1 7.7
551k-600k 190 89 10 0.1 12.8
601k-650k 132 74 10 0.1 10.7
651k-700k 114 64 13 0.1 10.7
701k-750k 78 45 8 0.1 10.4
751k-800k 81 28 2 0.1 17.4
801k-850k 53 23 3 0.1 13.8
851k-900k 49 18 2 0.1 16.3
901k-950k 41 14 4 0.1 17.6
951k-1m 59 9 1 0 39.3
1m-1.1m 34 19 3 0.1 10.7
1.1m-1.2m 39 8 0 29.3
1.2m-1.3m 44 11 4 0 24
1.3m-1.4m 30 5 1 0 36
1.4m-1.5m 30 10 0.1 18
1.5m-1.6m 20 2 0 60
1.6m-1.7m 16 3 1 0 32
1.7m-1.8m 11 2 0 33
1.8m-1.9m 17 5 0 20.4
1.9m-2m 13 2 0 39
2m-2.25m 12 1 1 0 72
2.25m-2.5m 12 4 0.1 18
2.5m-2.75m 8 3 0.1 16
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 2 0
4.5m-5m 3 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 4 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 2 0.2 6
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

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 48 18 2 0.1 16
201k-225k 38 13 5 0.1 17.5
226k-250k 61 10 3 0 36.6
251k-275k 45 13 4 0 20.8
276k-300k 47 13 0 21.7
301k-325k 17 14 3 0.1 7.3
326k-350k 25 4 2 0 37.5
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 5 2 1 0.1 15
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 3 0
951k-1m 2 1 0.1 12
1.1m-1.2m 1 0
1.2m-1.3m 4 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 38 20 4 0.1 11.4
26k-50k 478 467 65 0.2 6.1
51k-75k 809 157 29 0 30.9
76k-100k 299 125 25 0.1 14.4
101k-125k 148 41 14 0 21.7
126k-150k 95 27 7 0 21.1
151k-175k 61 8 1 0 45.8
176k-200k 94 13 2 0 43.4
201k-225k 45 8 0 33.8
226k-250k 64 5 1 0 76.8
251k-275k 46 9 1 0 30.7
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 4 0
426k-450k 14 2 1 0 42
451k-475k 4 1 0 24
476k-500k 20 2 0 60
501k-550k 20 0
551k-600k 16 2 1 0 48
601k-650k 7 4 3 0.1 10.5
651k-700k 18 0
701k-750k 2 0
751k-800k 10 0
801k-850k 5 0
851k-900k 4 0
901k-950k 3 0
951k-1m 2 0
1m-1.1m 4 1 1 0 24
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 3 0
1.3m-1.4m 3 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