Absorption Report

Estero, 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 20% 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
301k-325k 2 0.3 0
326k-350k 2 4 2 0.3 3
351k-375k 2 3 0.3 4
376k-400k 5 22 5 0.7 1.4
401k-425k 7 16 3 0.4 2.6
426k-450k 13 13 3 0.2 6
451k-475k 4 7 2 0.3 3.4
476k-500k 19 14 2 0.1 8.1
501k-550k 32 21 3 0.1 9.1
551k-600k 33 33 7 0.2 6
601k-650k 32 24 6 0.1 8
651k-700k 30 31 11 0.2 5.8
701k-750k 25 24 1 0.2 6.3
751k-800k 17 18 2 0.2 5.7
801k-850k 19 13 1 0.1 8.8
851k-900k 20 17 4 0.1 7.1
901k-950k 11 7 2 0.1 9.4
951k-1m 8 12 6 0.3 4
1m-1.1m 12 10 3 0.1 7.2
1.1m-1.2m 6 4 1 0.1 9
1.2m-1.3m 13 10 1 0.1 7.8
1.3m-1.4m 4 6 1 0.3 4
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 5 3 0.1 10
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 1 0 30
3m-3.5m 3 2 0.1 9
4.5m-5m 2 0

Townhouses 17% 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
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 6 4 1 0.1 9
376k-400k 3 1 0.1 18
401k-425k 2 1 1 0.1 12
426k-450k 4 4 0.2 6
451k-475k 2 3 1 0.3 4
476k-500k 1 0
501k-550k 1 0

Condos 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 2 0.3 0
176k-200k 1 1 0.2 6
201k-225k 2 3 0.3 4
226k-250k 5 3 1 0.1 10
251k-275k 3 12 1 0.7 1.5
276k-300k 25 17 1 0.1 8.8
301k-325k 30 11 3 0.1 16.4
326k-350k 23 12 1 0.1 11.5
351k-375k 17 6 0.1 17
376k-400k 15 5 0.1 18
401k-425k 16 8 1 0.1 12
426k-450k 21 4 3 0 31.5
451k-475k 20 7 1 0.1 17.1
476k-500k 16 4 1 0 24
501k-550k 11 9 3 0.1 7.3
551k-600k 13 8 1 0.1 9.8
601k-650k 10 0
651k-700k 6 2 0.1 18
701k-750k 4 6 3 0.3 4
751k-800k 3 3 1 0.2 6
801k-850k 2 2 0.2 6
851k-900k 6 1 1 0 36
901k-950k 3 1 0.5 0
951k-1m 4 1 0 24
1m-1.1m 3 1 0.5 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 3 1 0.1 18
1.4m-1.5m 1 1 0.2 0
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0

Land 19% 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 2 2 0.3 0
26k-50k 3 3 1 0.2 6
51k-75k 7 3 3 0.1 14
76k-100k 3 0
126k-150k 1 0
451k-475k 1 0
551k-600k 1 0.2 0
601k-650k 4 0
701k-750k 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0