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 18% 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 3 4 2 0.2 4.5
351k-375k 6 3 0.1 12
376k-400k 7 22 2 0.5 1.9
401k-425k 8 18 3 0.4 2.7
426k-450k 12 13 1 0.2 5.5
451k-475k 7 7 1 0.2 6
476k-500k 23 14 3 0.1 9.9
501k-550k 31 25 5 0.1 7.4
551k-600k 30 33 3 0.2 5.5
601k-650k 37 25 4 0.1 8.9
651k-700k 29 33 9 0.2 5.3
701k-750k 25 26 2 0.2 5.8
751k-800k 20 19 3 0.2 6.3
801k-850k 26 12 4 0.1 13
851k-900k 22 16 3 0.1 8.3
901k-950k 12 8 4 0.1 9
951k-1m 12 11 3 0.2 6.5
1m-1.1m 8 9 2 0.2 5.3
1.1m-1.2m 10 4 1 0.1 15
1.2m-1.3m 12 10 0.1 7.2
1.3m-1.4m 4 5 0.2 4.8
1.4m-1.5m 8 1 0 48
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 1 6 2 1 1
1.7m-1.8m 7 3 1 0.1 14
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 3 3 0.2 6
2.75m-3m 5 1 0 30
3m-3.5m 4 2 0.1 12
4.5m-5m 1 0

Townhouses 18% 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 7 5 1 0.1 8.4
376k-400k 2 1 0.1 12
401k-425k 1 1 1 0.2 6
426k-450k 4 4 0.2 6
451k-475k 2 3 1 0.3 4
476k-500k 1 0
501k-550k 1 0

Condos 13% 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 1 2 0.3 3
201k-225k 1 4 1 0.7 1.5
226k-250k 5 3 0.1 10
251k-275k 5 12 1 0.4 2.5
276k-300k 21 17 4 0.1 7.4
301k-325k 31 12 3 0.1 15.5
326k-350k 23 12 2 0.1 11.5
351k-375k 16 6 0.1 16
376k-400k 16 8 2 0.1 12
401k-425k 13 7 2 0.1 11.1
426k-450k 20 5 3 0 24
451k-475k 24 6 0 24
476k-500k 16 4 1 0 24
501k-550k 15 10 2 0.1 9
551k-600k 10 7 1 0.1 8.6
601k-650k 12 0
651k-700k 5 3 1 0.1 10
701k-750k 6 6 2 0.2 6
751k-800k 5 3 1 0.1 10
801k-850k 3 2 0.1 9
851k-900k 6 1 1 0 36
901k-950k 3 0.5 0
951k-1m 3 4 3 0.2 4.5
1m-1.1m 2 0.3 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 2 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 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 2 0.3 0
26k-50k 3 3 0.2 6
51k-75k 7 3 2 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
1.9m-2m 1 0
2.5m-2.75m 1 0