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 8 15 1 0.3 3.2
426k-450k 14 13 2 0.2 6.5
451k-475k 4 7 1 0.3 3.4
476k-500k 20 13 2 0.1 9.2
501k-550k 32 23 4 0.1 8.3
551k-600k 31 32 5 0.2 5.8
601k-650k 33 25 5 0.1 7.9
651k-700k 29 33 13 0.2 5.3
701k-750k 24 25 2 0.2 5.8
751k-800k 16 19 2 0.2 5.1
801k-850k 19 14 2 0.1 8.1
851k-900k 22 16 3 0.1 8.3
901k-950k 10 7 3 0.1 8.6
951k-1m 8 12 6 0.3 4
1m-1.1m 12 9 3 0.1 8
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 5 2 0.1 15
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 3 4 0.2 4.5
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 5 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 1 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 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 0.3 4
476k-500k 1 0
501k-550k 1 0

Condos 11% 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 1 4 1 0.7 1.5
226k-250k 5 3 1 0.1 10
251k-275k 3 11 1 0.6 1.6
276k-300k 25 18 2 0.1 8.3
301k-325k 30 10 2 0.1 18
326k-350k 23 12 1 0.1 11.5
351k-375k 17 6 0.1 17
376k-400k 16 5 0.1 19.2
401k-425k 15 8 1 0.1 11.3
426k-450k 21 4 3 0 31.5
451k-475k 21 7 1 0.1 18
476k-500k 17 4 1 0 25.5
501k-550k 11 9 2 0.1 7.3
551k-600k 13 8 1 0.1 9.8
601k-650k 11 0
651k-700k 6 2 0.1 18
701k-750k 4 6 3 0.3 4
751k-800k 4 3 1 0.1 8
801k-850k 2 2 0.2 6
851k-900k 6 1 1 0 36
901k-950k 3 1 0.5 0
951k-1m 4 2 1 0.1 12
1m-1.1m 2 0.3 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 3 0
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 16% 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
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