Absorption Report

Estero

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0
201k-225k 1 1 1 0.2 6
226k-250k 2 4 0.3 3
251k-275k 4 8 3 0.3 3
276k-300k 15 24 6 0.3 3.8
301k-325k 45 70 8 0.3 3.9
326k-350k 91 153 23 0.3 3.6
351k-375k 75 148 18 0.3 3
376k-400k 127 176 23 0.2 4.3
401k-425k 90 79 16 0.1 6.8
426k-450k 89 74 9 0.1 7.2
451k-475k 48 55 10 0.2 5.2
476k-500k 56 41 5 0.1 8.2
501k-550k 82 52 6 0.1 9.5
551k-600k 50 33 7 0.1 9.1
601k-650k 33 22 4 0.1 9
651k-700k 51 20 2 0.1 15.3
701k-750k 52 21 4 0.1 14.9
751k-800k 42 3 0 84
801k-850k 23 3 0 46
851k-900k 16 2 0 48
901k-950k 12 2 1 0 36
951k-1m 20 0
1m-1.1m 13 1 1 0 78
1.1m-1.2m 7 4 2 0.1 10.5
1.2m-1.3m 7 2 1 0 21
1.3m-1.4m 2 0.3 0
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 2 2 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
6.01m-7m 2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0
226k-250k 8 6 1 0.1 8
251k-275k 41 47 6 0.2 5.2
276k-300k 71 67 10 0.2 6.4
301k-325k 75 121 23 0.3 3.7
326k-350k 34 39 3 0.2 5.2
351k-375k 21 39 3 0.3 3.2
376k-400k 27 20 4 0.1 8.1
401k-425k 20 13 1 0.1 9.2
426k-450k 30 10 2 0.1 18
451k-475k 17 8 0.1 12.8
476k-500k 20 8 2 0.1 15
501k-550k 35 11 1 0.1 19.1
551k-600k 19 6 0.1 19
601k-650k 3 1 0.1 18
651k-700k 1 0
701k-750k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 1 0.2 0
176k-200k 9 12 3 0.2 4.5
201k-225k 25 15 4 0.1 10
226k-250k 52 17 0.1 18.4
251k-275k 13 6 0.1 13
276k-300k 17 3 1 0 34
301k-325k 5 2 1 0.1 15
326k-350k 6 0
351k-375k 9 1 1 0 54
376k-400k 13 3 0 26
401k-425k 5 1 0 30
426k-450k 3 0
451k-475k 1 0
476k-500k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 6
26k-50k 3 5 1 0.3 3.6
51k-75k 5 0.8 0
76k-100k 4 1 1 0 24
101k-125k 6 1 1 0 36
126k-150k 2 1 0.1 12
151k-175k 2 0
176k-200k 3 1 0.1 18
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 5 0
326k-350k 3 1 0.1 18
376k-400k 2 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0