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 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
201k-225k 1 0
226k-250k 1 2 0.3 3
251k-275k 2 0
276k-300k 1 6 1 1
301k-325k 3 2 0.1 9
326k-350k 4 5 1 0.2 4.8
351k-375k 5 8 3 0.3 3.8
376k-400k 6 10 3 0.3 3.6
401k-425k 7 13 1 0.3 3.2
426k-450k 15 16 3 0.2 5.6
451k-475k 15 9 3 0.1 10
476k-500k 19 26 10 0.2 4.4
501k-550k 39 35 6 0.1 6.7
551k-600k 52 34 7 0.1 9.2
601k-650k 27 39 11 0.2 4.2
651k-700k 44 29 9 0.1 9.1
701k-750k 31 25 9 0.1 7.4
751k-800k 43 15 5 0.1 17.2
801k-850k 32 20 5 0.1 9.6
851k-900k 41 25 5 0.1 9.8
901k-950k 10 15 5 0.3 4
951k-1m 25 22 6 0.1 6.8
1m-1.1m 38 26 3 0.1 8.8
1.1m-1.2m 26 25 7 0.2 6.2
1.2m-1.3m 21 10 2 0.1 12.6
1.3m-1.4m 13 8 1 0.1 9.8
1.4m-1.5m 7 2 1 0 21
1.5m-1.6m 7 10 3 0.2 4.2
1.6m-1.7m 13 3 1 0 26
1.7m-1.8m 10 7 4 0.1 8.6
1.8m-1.9m 9 3 1 0.1 18
1.9m-2m 4 4 0.2 6
2m-2.25m 13 7 1 0.1 11.1
2.25m-2.5m 10 9 4 0.2 6.7
2.5m-2.75m 6 5 2 0.1 7.2
2.75m-3m 12 4 2 0.1 18
3m-3.5m 11 3 1 0 22
3.5m-4m 5 7 3 0.2 4.3
4m-4.5m 7 4 1 0.1 10.5
4.5m-5m 15 2 1 0 45
5.01m-6m 9 1 0 54
6.01m-7m 4 1 0 24
7.01m-8m 8 0
8.01m-9m 3 1 1 0.1 18
9.01m-10m 4 0
10.01m-11m 2 0
11.01m-12m 4 1 1 0 24
12.01m-13m 1 0
19.01m-20m 2 0
23.01m-24m 1 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
226k-250k 1 0
276k-300k 1 0
326k-350k 1 0
351k-375k 3 1 0.1 18
376k-400k 5 3 2 0.1 10
401k-425k 9 1 0 54
426k-450k 5 5 2 0.2 6
451k-475k 7 7 0.2 6
476k-500k 4 1 0 24
501k-550k 2 6 1 0.5 2
551k-600k 1 1 0.2 6
651k-700k 1 0.2 0
851k-900k 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
4m-4.5m 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
101k-125k 1 1 0.2 0
151k-175k 4 0.7 0
176k-200k 6 9 0.3 4
201k-225k 2 6 0.5 2
226k-250k 16 12 3 0.1 8
251k-275k 24 14 4 0.1 10.3
276k-300k 28 25 6 0.1 6.7
301k-325k 32 11 2 0.1 17.5
326k-350k 38 11 5 0 20.7
351k-375k 30 21 5 0.1 8.6
376k-400k 57 14 6 0 24.4
401k-425k 35 13 4 0.1 16.2
426k-450k 43 17 5 0.1 15.2
451k-475k 20 4 1 0 30
476k-500k 26 22 6 0.1 7.1
501k-550k 31 22 5 0.1 8.5
551k-600k 43 16 7 0.1 16.1
601k-650k 30 20 4 0.1 9
651k-700k 29 6 3 0 29
701k-750k 17 4 1 0 25.5
751k-800k 17 5 3 0 20.4
801k-850k 13 3 2 0 26
851k-900k 12 1 1 0 72
901k-950k 10 4 1 0.1 15
951k-1m 10 4 1 0.1 15
1m-1.1m 9 4 2 0.1 13.5
1.1m-1.2m 11 2 1 0 33
1.2m-1.3m 5 5 0.2 6
1.3m-1.4m 6 3 1 0.1 12
1.4m-1.5m 10 2 1 0 30
1.5m-1.6m 6 2 1 0.1 18
1.6m-1.7m 8 1 1 0 48
1.7m-1.8m 9 1 1 0 54
1.8m-1.9m 6 2 0.1 18
1.9m-2m 10 4 1 0.1 15
2m-2.25m 5 1 0 30
2.25m-2.5m 13 0
2.5m-2.75m 7 4 0.1 10.5
2.75m-3m 12 3 2 0 24
3m-3.5m 7 3 0.1 14
3.5m-4m 10 2 1 0 30
4m-4.5m 5 0
4.5m-5m 7 3 0.1 14
5.01m-6m 4 1 0 24
6.01m-7m 1 0.2 0
9.01m-10m 1 0
15.01m-16m 1 0.2 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 1 0.2 0
51k-75k 3 0
76k-100k 1 0.2 0
101k-125k 4 2 0.1 12
126k-150k 7 1 0 42
151k-175k 6 2 0.1 18
176k-200k 2 5 1 0.4 2.4
201k-225k 5 1 1 0 30
226k-250k 15 3 1 0 30
251k-275k 4 1 0 24
276k-300k 6 1 0 36
301k-325k 6 0
326k-350k 2 2 1 0.2 6
351k-375k 2 1 1 0.1 12
376k-400k 6 0
401k-425k 4 0
426k-450k 5 0
451k-475k 1 1 0.2 6
476k-500k 6 0
501k-550k 4 0
551k-600k 4 0
601k-650k 3 0
651k-700k 4 0
751k-800k 2 0
801k-850k 2 0
851k-900k 3 0
901k-950k 3 1 0.1 18
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 3 0
2.75m-3m 3 0
3m-3.5m 3 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 4 0
6.01m-7m 1 1 0.2 6
9.01m-10m 1 0
10.01m-11m 1 0
15.01m-16m 1 0