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
226k-250k 1 0
301k-325k 1 2 1 0.3 3
326k-350k 3 3 0.2 6
351k-375k 4 3 0.1 8
376k-400k 5 19 1 0.6 1.6
401k-425k 11 13 3 0.2 5.1
426k-450k 10 16 2 0.3 3.8
451k-475k 6 4 0.1 9
476k-500k 12 17 4 0.2 4.2
501k-550k 28 26 6 0.2 6.5
551k-600k 32 38 8 0.2 5.1
601k-650k 30 20 6 0.1 9
651k-700k 39 21 4 0.1 11.1
701k-750k 23 27 6 0.2 5.1
751k-800k 19 18 4 0.2 6.3
801k-850k 18 17 1 0.2 6.4
851k-900k 19 13 3 0.1 8.8
901k-950k 15 8 0.1 11.3
951k-1m 12 8 1 0.1 9
1m-1.1m 9 8 3 0.1 6.8
1.1m-1.2m 6 5 0.1 7.2
1.2m-1.3m 11 10 2 0.2 6.6
1.3m-1.4m 6 7 0.2 5.1
1.4m-1.5m 4 1 0 24
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 2 3 2 0.3 4
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 1 0.1 12
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 5 3 1 0.1 10
3m-3.5m 2 2 2 0.2 6
4.5m-5m 2 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
251k-275k 1 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 6 4 0.1 9
376k-400k 4 1 1 0 24
401k-425k 1 0
426k-450k 3 5 1 0.3 3.6
451k-475k 3 2 0.1 9
501k-550k 2 0

Condos 12% 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 1 4 0.7 1.5
226k-250k 4 2 0.1 12
251k-275k 3 12 0.7 1.5
276k-300k 19 16 3 0.1 7.1
301k-325k 27 11 2 0.1 14.7
326k-350k 18 13 5 0.1 8.3
351k-375k 14 9 2 0.1 9.3
376k-400k 11 4 1 0.1 16.5
401k-425k 16 9 2 0.1 10.7
426k-450k 20 3 1 0 40
451k-475k 22 7 1 0.1 18.9
476k-500k 16 5 1 0.1 19.2
501k-550k 14 5 1 0.1 16.8
551k-600k 11 9 3 0.1 7.3
601k-650k 4 1 0 24
651k-700k 7 1 1 0 42
701k-750k 2 3 1 0.3 4
751k-800k 3 6 1 0.3 3
801k-850k 1 3 0.5 2
851k-900k 6 1 0 36
901k-950k 3 1 0.5 0
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
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 0
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 3% 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
26k-50k 3 2 0.1 9
51k-75k 10 0
76k-100k 2 0
126k-150k 1 0
151k-175k 1 0.2 0
451k-475k 1 0
551k-600k 1 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