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 19% 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 1 0.3 0
326k-350k 4 2 0.1 12
351k-375k 3 3 0.2 6
376k-400k 7 20 2 0.5 2.1
401k-425k 8 16 4 0.3 3
426k-450k 12 13 4 0.2 5.5
451k-475k 6 6 1 0.2 6
476k-500k 16 18 3 0.2 5.3
501k-550k 30 23 3 0.1 7.8
551k-600k 35 35 9 0.2 6
601k-650k 32 23 9 0.1 8.3
651k-700k 32 25 6 0.1 7.7
701k-750k 25 28 5 0.2 5.4
751k-800k 17 18 3 0.2 5.7
801k-850k 15 13 2 0.1 6.9
851k-900k 18 15 2 0.1 7.2
901k-950k 10 7 2 0.1 8.6
951k-1m 11 11 5 0.2 6
1m-1.1m 14 10 3 0.1 8.4
1.1m-1.2m 5 5 0.2 6
1.2m-1.3m 14 11 1 0.1 7.6
1.3m-1.4m 4 7 1 0.3 3.4
1.4m-1.5m 3 2 1 0.1 9
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 3 3 1 0.2 6
1.7m-1.8m 4 4 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 2 0.2 6
2.75m-3m 5 2 0.1 15
3m-3.5m 3 2 1 0.1 9
4.5m-5m 2 0

Townhouses 25% 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 4 1 0.1 10.5
376k-400k 1 1 1 0.2 6
401k-425k 1 0
426k-450k 4 5 0.2 4.8
451k-475k 2 3 1 0.3 4
476k-500k 1 0
501k-550k 1 0
851k-900k 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 2 0.3 0
176k-200k 1 1 0.2 6
201k-225k 2 4 0.3 3
226k-250k 4 2 0.1 12
251k-275k 3 11 0.6 1.6
276k-300k 21 18 2 0.1 7
301k-325k 32 8 1 0 24
326k-350k 24 12 3 0.1 12
351k-375k 16 7 2 0.1 13.7
376k-400k 15 5 0.1 18
401k-425k 15 9 2 0.1 10
426k-450k 22 3 2 0 44
451k-475k 21 7 2 0.1 18
476k-500k 15 3 1 0 30
501k-550k 12 8 2 0.1 9
551k-600k 14 8 2 0.1 10.5
601k-650k 6 0
651k-700k 7 1 0 42
701k-750k 6 3 1 0.1 12
751k-800k 4 4 1 0.2 6
801k-850k 2 2 0.2 6
851k-900k 6 0
901k-950k 3 1 0.5 0
951k-1m 3 1 0.1 18
1m-1.1m 2 1 0.3 0
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 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 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
1k-25k 2 2 0.3 0
26k-50k 2 3 1 0.3 4
51k-75k 6 3 3 0.1 12
76k-100k 3 0
126k-150k 1 0
151k-175k 1 0.2 0
451k-475k 1 0
551k-600k 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