Supply & Demand in Bonita Springs, 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 29% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
251k-275k 2 0.3 0
276k-300k 2 0.3 0
301k-325k 2 4 1 0.3 3
326k-350k 2 3 0.3 4
351k-375k 1 6 2 1 1
376k-400k 4 4 1 0.2 6
401k-425k 1 11 1.8 0.5
426k-450k 4 15 2 0.6 1.6
451k-475k 9 8 0.1 6.8
476k-500k 8 13 3 0.3 3.7
501k-550k 18 40 10 0.4 2.7
551k-600k 23 27 10 0.2 5.1
601k-650k 20 21 2 0.2 5.7
651k-700k 16 27 1 0.3 3.6
701k-750k 21 18 4 0.1 7
751k-800k 21 30 8 0.2 4.2
801k-850k 17 27 8 0.3 3.8
851k-900k 26 18 3 0.1 8.7
901k-950k 17 15 3 0.1 6.8
951k-1m 22 17 5 0.1 7.8
1m-1.1m 20 19 3 0.2 6.3
1.1m-1.2m 24 21 9 0.1 6.9
1.2m-1.3m 17 15 5 0.1 6.8
1.3m-1.4m 7 14 7 0.3 3
1.4m-1.5m 14 8 1 0.1 10.5
1.5m-1.6m 2 6 0.5 2
1.6m-1.7m 8 7 2 0.1 6.9
1.7m-1.8m 4 7 1 0.3 3.4
1.8m-1.9m 6 5 1 0.1 7.2
1.9m-2m 3 3 1 0.2 6
2m-2.25m 9 5 1 0.1 10.8
2.25m-2.5m 5 10 3 0.3 3
2.5m-2.75m 6 3 0.1 12
2.75m-3m 10 8 1 0.1 7.5
3m-3.5m 4 8 1 0.3 3
3.5m-4m 4 5 1 0.2 4.8
4m-4.5m 7 4 2 0.1 10.5
4.5m-5m 6 4 1 0.1 9
5.01m-6m 9 1 0 54
6.01m-7m 1 2 1 0.3 3
7.01m-8m 3 0
8.01m-9m 1 0
9.01m-10m 2 1 0.1 12
10.01m-11m 1 1 1 0.2 6
11.01m-12m 1 1 1 0.2 6
13.01m-14m 1 0
14.01m-15m 1 0
15.01m-16m 1 0.2 0
18.01m-19m 1 0
24.01m-25m 2 0

Townhouses 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
276k-300k 1 1 1 0.2 6
326k-350k 1 0.2 0
351k-375k 1 2 0.3 3
376k-400k 1 1 0.2 0
401k-425k 3 0.5 0
426k-450k 2 5 1 0.4 2.4
451k-475k 4 2 1 0.1 12
476k-500k 2 4 1 0.3 3
501k-550k 5 3 0.1 10
551k-600k 1 1 0.2 0
601k-650k 1 0
651k-700k 1 0
951k-1m 1 0

Condos 18% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 3 1 0.5 0
201k-225k 3 5 0.3 3.6
226k-250k 7 7 0.2 6
251k-275k 4 11 3 0.5 2.2
276k-300k 12 9 0.1 8
301k-325k 16 10 1 0.1 9.6
326k-350k 28 12 4 0.1 14
351k-375k 14 12 1 0.1 7
376k-400k 34 16 3 0.1 12.8
401k-425k 18 25 5 0.2 4.3
426k-450k 26 25 9 0.2 6.2
451k-475k 22 11 1 0.1 12
476k-500k 19 13 4 0.1 8.8
501k-550k 18 14 4 0.1 7.7
551k-600k 29 19 2 0.1 9.2
601k-650k 24 19 4 0.1 7.6
651k-700k 22 14 1 0.1 9.4
701k-750k 21 12 2 0.1 10.5
751k-800k 13 14 4 0.2 5.6
801k-850k 6 4 0.1 9
851k-900k 7 3 0.1 14
901k-950k 1 5 2 0.8 1.2
951k-1m 12 6 2 0.1 12
1m-1.1m 3 5 3 0.3 3.6
1.1m-1.2m 13 3 0 26
1.2m-1.3m 10 4 0.1 15
1.3m-1.4m 2 6 1 0.5 2
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 6 4 0.1 9
1.7m-1.8m 3 4 1 0.2 4.5
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 7 0
2m-2.25m 8 1 0 48
2.25m-2.5m 6 6 0.2 6
2.5m-2.75m 5 5 1 0.2 6
2.75m-3m 4 3 0.1 8
3m-3.5m 7 5 3 0.1 8.4
3.5m-4m 7 2 0 21
4m-4.5m 7 3 0.1 14
4.5m-5m 3 3 1 0.2 6
5.01m-6m 3 2 0.1 9
6.01m-7m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0
15.01m-16m 1 0

Land 16% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 2 6 2 0.5 2
76k-100k 2 1 0.1 12
101k-125k 2 1 0.3 0
126k-150k 3 5 0.3 3.6
151k-175k 1 0
176k-200k 5 3 2 0.1 10
201k-225k 6 2 1 0.1 18
226k-250k 5 3 0.1 10
251k-275k 5 3 0.1 10
276k-300k 4 2 0.1 12
301k-325k 2 0
326k-350k 4 2 0.1 12
351k-375k 1 0
376k-400k 5 2 1 0.1 15
401k-425k 2 1 0.1 12
426k-450k 3 2 0.1 9
476k-500k 5 0
501k-550k 2 1 1 0.1 12
551k-600k 2 0
651k-700k 1 1 0.2 6
701k-750k 3 0
751k-800k 5 0
851k-900k 1 0
901k-950k 2 1 0.1 12
951k-1m 1 0
1m-1.1m 1 2 2 0.3 3
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 1 0.2 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 2 0
5.01m-6m 2 1 0.1 12
6.01m-7m 2 0
7.01m-8m 2 3 0.3 4
8.01m-9m 1 0
9.01m-10m 1 0