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 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
226k-250k 1 0
301k-325k 1 2 1 0.3 3
326k-350k 3 3 0.2 6
351k-375k 4 3 0.1 8
376k-400k 6 18 1 0.5 2
401k-425k 10 14 4 0.2 4.3
426k-450k 11 17 4 0.3 3.9
451k-475k 6 4 0.1 9
476k-500k 13 17 4 0.2 4.6
501k-550k 30 23 5 0.1 7.8
551k-600k 35 35 7 0.2 6
601k-650k 30 20 6 0.1 9
651k-700k 37 21 4 0.1 10.6
701k-750k 25 27 6 0.2 5.6
751k-800k 17 19 5 0.2 5.4
801k-850k 18 16 1 0.1 6.8
851k-900k 20 13 3 0.1 9.2
901k-950k 14 7 0.1 12
951k-1m 12 8 1 0.1 9
1m-1.1m 9 8 3 0.1 6.8
1.1m-1.2m 5 6 1 0.2 5
1.2m-1.3m 10 11 3 0.2 5.5
1.3m-1.4m 6 7 0.2 5.1
1.4m-1.5m 3 2 1 0.1 9
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 2 3 2 0.3 4
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 1 0.1 12
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 5 3 1 0.1 10
3m-3.5m 2 2 2 0.2 6
4.5m-5m 2 0

Townhouses 21% 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
251k-275k 1 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 6 4 1 0.1 9
376k-400k 3 1 1 0.1 18
401k-425k 1 0
426k-450k 3 5 1 0.3 3.6
451k-475k 3 2 0.1 9
501k-550k 2 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 2 0.3 0
176k-200k 1 1 0.2 6
201k-225k 1 4 0.7 1.5
226k-250k 4 2 0.1 12
251k-275k 3 12 0.7 1.5
276k-300k 19 16 3 0.1 7.1
301k-325k 27 11 2 0.1 14.7
326k-350k 19 13 5 0.1 8.8
351k-375k 15 8 2 0.1 11.3
376k-400k 12 4 1 0.1 18
401k-425k 15 9 2 0.1 10
426k-450k 19 4 2 0 28.5
451k-475k 23 7 1 0.1 19.7
476k-500k 15 5 1 0.1 18
501k-550k 12 6 2 0.1 12
551k-600k 12 9 2 0.1 8
601k-650k 6 0
651k-700k 7 1 1 0 42
701k-750k 3 2 1 0.1 9
751k-800k 3 6 1 0.3 3
801k-850k 1 3 0.5 2
851k-900k 7 0
901k-950k 3 1 0.5 0
951k-1m 3 1 0.1 18
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 1 0.1 18
1.4m-1.5m 1 1 0.2 0
1.7m-1.8m 2 0
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 3% 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 0
26k-50k 3 2 0.1 9
51k-75k 10 0
76k-100k 2 0
126k-150k 1 0
151k-175k 1 0.2 0
451k-475k 1 0
551k-600k 1 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