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
301k-325k 2 0.3 0
326k-350k 3 5 2 0.3 3.6
351k-375k 6 3 0.1 12
376k-400k 8 20 2 0.4 2.4
401k-425k 9 18 3 0.3 3
426k-450k 11 13 1 0.2 5.1
451k-475k 8 7 1 0.1 6.9
476k-500k 23 14 2 0.1 9.9
501k-550k 29 25 5 0.1 7
551k-600k 29 34 4 0.2 5.1
601k-650k 38 25 3 0.1 9.1
651k-700k 31 33 9 0.2 5.6
701k-750k 23 27 3 0.2 5.1
751k-800k 23 19 3 0.1 7.3
801k-850k 28 13 4 0.1 12.9
851k-900k 21 17 4 0.1 7.4
901k-950k 12 8 3 0.1 9
951k-1m 14 11 3 0.1 7.6
1m-1.1m 8 9 2 0.2 5.3
1.1m-1.2m 11 4 1 0.1 16.5
1.2m-1.3m 14 10 0.1 8.4
1.3m-1.4m 5 5 0.2 6
1.4m-1.5m 10 1 0 60
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 1 6 2 1 1
1.7m-1.8m 6 4 2 0.1 9
1.8m-1.9m 1 0.2 0
1.9m-2m 2 1 0.3 0
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 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
226k-250k 1 0
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 7 5 1 0.1 8.4
376k-400k 2 1 0.1 12
401k-425k 1 1 0.2 6
426k-450k 4 4 0.2 6
451k-475k 3 3 1 0.2 6
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 6 12 1 0.3 3
276k-300k 23 18 4 0.1 7.7
301k-325k 30 12 4 0.1 15
326k-350k 22 12 2 0.1 11
351k-375k 16 6 0.1 16
376k-400k 16 8 2 0.1 12
401k-425k 13 8 3 0.1 9.8
426k-450k 21 5 3 0 25.2
451k-475k 23 5 0 27.6
476k-500k 17 4 1 0 25.5
501k-550k 16 10 1 0.1 9.6
551k-600k 13 7 1 0.1 11.1
601k-650k 11 1 1 0 66
651k-700k 7 3 1 0.1 14
701k-750k 5 6 2 0.2 5
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 1 0.1 14
76k-100k 3 0
126k-150k 1 0
276k-300k 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