Absorption Report

Golden Gate Estates, Naples, 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
251k-275k 1 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 2 1 0.3 0
376k-400k 2 2 2 0.2 6
401k-425k 6 8 0.2 4.5
426k-450k 10 12 3 0.2 5
451k-475k 10 14 3 0.2 4.3
476k-500k 17 28 4 0.3 3.6
501k-550k 38 64 10 0.3 3.6
551k-600k 40 38 6 0.2 6.3
601k-650k 33 30 4 0.2 6.6
651k-700k 42 31 8 0.1 8.1
701k-750k 20 16 5 0.1 7.5
751k-800k 24 12 1 0.1 12
801k-850k 19 11 2 0.1 10.4
851k-900k 9 8 1 0.1 6.8
901k-950k 11 3 1 0 22
951k-1m 13 4 0.1 19.5
1m-1.1m 16 6 0.1 16
1.1m-1.2m 24 10 0.1 14.4
1.2m-1.3m 11 3 2 0 22
1.3m-1.4m 10 4 2 0.1 15
1.4m-1.5m 13 3 0 26
1.5m-1.6m 4 0
1.6m-1.7m 6 2 0.1 18
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 4 2 0.1 12
1.9m-2m 5 1 0 30
2m-2.25m 3 0
2.25m-2.5m 2 0
2.75m-3m 3 0
3m-3.5m 10 0
4.5m-5m 3 1 1 0.1 18
5.01m-6m 8 0
8.01m-9m 2 0
12.01m-13m 1 0

Land 8% 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 1 2 0.3 3
26k-50k 21 13 1 0.1 9.7
51k-75k 53 21 1 0.1 15.1
76k-100k 52 16 4 0.1 19.5
101k-125k 45 19 3 0.1 14.2
126k-150k 55 25 6 0.1 13.2
151k-175k 23 14 3 0.1 9.9
176k-200k 35 9 3 0 23.3
201k-225k 8 2 1 0 24
226k-250k 18 4 0 27
251k-275k 8 1 0 48
276k-300k 16 4 1 0 24
301k-325k 5 2 0.1 15
326k-350k 6 4 0.1 9
351k-375k 4 3 0.7 0
376k-400k 10 3 1 0.1 20
401k-425k 1 2 1 0.3 3
426k-450k 3 1 1 0.1 18
451k-475k 2 1 0.1 12
476k-500k 11 2 0 33
501k-550k 4 1 0 24
551k-600k 1 1 0.2 6
601k-650k 1 1 0.2 6
651k-700k 1 1 1 0.2 6
701k-750k 4 0
751k-800k 7 0
801k-850k 1 0
901k-950k 3 0
951k-1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
9.01m-10m 1 0