Supply & Demand in Cape Coral, 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 16% 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
76k-100k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 2 10 5 0.8 1.2
176k-200k 1 11 8 1.8 0.5
201k-225k 8 13 5 0.3 3.7
226k-250k 18 52 16 0.5 2.1
251k-275k 42 66 19 0.3 3.8
276k-300k 146 187 54 0.2 4.7
301k-325k 166 286 68 0.3 3.5
326k-350k 278 302 75 0.2 5.5
351k-375k 245 219 40 0.1 6.7
376k-400k 295 234 52 0.1 7.6
401k-425k 169 131 34 0.1 7.7
426k-450k 252 133 36 0.1 11.4
451k-475k 145 69 17 0.1 12.6
476k-500k 188 76 23 0.1 14.8
501k-550k 239 129 21 0.1 11.1
551k-600k 233 87 26 0.1 16.1
601k-650k 153 76 16 0.1 12.1
651k-700k 175 65 12 0.1 16.2
701k-750k 101 41 7 0.1 14.8
751k-800k 116 26 10 0 26.8
801k-850k 65 24 7 0.1 16.3
851k-900k 81 24 5 0 20.3
901k-950k 42 11 2 0 22.9
951k-1m 82 15 5 0 32.8
1m-1.1m 44 16 2 0.1 16.5
1.1m-1.2m 43 19 9 0.1 13.6
1.2m-1.3m 54 26 8 0.1 12.5
1.3m-1.4m 43 10 3 0 25.8
1.4m-1.5m 46 9 1 0 30.7
1.5m-1.6m 31 2 1 0 93
1.6m-1.7m 20 5 2 0 24
1.7m-1.8m 6 6 1 0.2 6
1.8m-1.9m 15 6 2 0.1 15
1.9m-2m 15 1 0 90
2m-2.25m 13 4 2 0.1 19.5
2.25m-2.5m 12 3 2 0 24
2.5m-2.75m 5 0
2.75m-3m 10 4 1 0.1 15
3m-3.5m 6 0
3.5m-4m 4 1 0 24
4m-4.5m 3 0
4.5m-5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 2 0
11.01m-12m 1 0

Townhouses 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
126k-150k 1 1 1 0.2 6
151k-175k 2 1 0.1 12
176k-200k 3 1 0.1 18
201k-225k 5 1 0 30
226k-250k 4 2 1 0.1 12
251k-275k 4 10 4 0.4 2.4
276k-300k 3 7 1 0.4 2.6
301k-325k 3 1 0.1 18
326k-350k 3 1 1 0.1 18
351k-375k 1 0
401k-425k 2 0
501k-550k 1 0
551k-600k 2 0
601k-650k 2 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 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
1k-25k 1 0
76k-100k 3 2 0.5 0
101k-125k 5 4 3 0.1 7.5
126k-150k 17 12 2 0.1 8.5
151k-175k 46 29 9 0.1 9.5
176k-200k 69 27 5 0.1 15.3
201k-225k 47 26 6 0.1 10.8
226k-250k 55 22 6 0.1 15
251k-275k 43 24 7 0.1 10.8
276k-300k 43 17 5 0.1 15.2
301k-325k 19 10 3 0.1 11.4
326k-350k 11 4 2 0.1 16.5
351k-375k 10 4 0.1 15
376k-400k 15 1 0 90
401k-425k 3 4 1 0.2 4.5
426k-450k 5 4 0.1 7.5
451k-475k 4 4 1 0.2 6
476k-500k 4 3 2 0.1 8
501k-550k 5 5 0.2 6
551k-600k 12 4 1 0.1 18
601k-650k 8 3 0.1 16
651k-700k 4 3 0.1 8
701k-750k 3 0
751k-800k 3 0
801k-850k 5 1 0 30
851k-900k 1 0
951k-1m 1 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 0.3 0
1.2m-1.3m 5 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 3 0

Land 6% 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 39 27 5 0.1 8.7
26k-50k 603 388 67 0.1 9.3
51k-75k 797 133 32 0 36
76k-100k 304 132 26 0.1 13.8
101k-125k 138 42 5 0.1 19.7
126k-150k 105 21 3 0 30
151k-175k 81 9 4 0 54
176k-200k 82 15 3 0 32.8
201k-225k 43 5 0 51.6
226k-250k 64 11 1 0 34.9
251k-275k 45 8 0 33.8
276k-300k 53 6 2 0 53
301k-325k 22 3 1 0 44
326k-350k 26 2 1 0 78
351k-375k 11 1 0 66
376k-400k 38 2 0 114
401k-425k 5 1 0 30
426k-450k 14 2 0 42
451k-475k 13 5 0.1 15.6
476k-500k 24 1 0 144
501k-550k 13 3 0 26
551k-600k 13 3 1 0 26
601k-650k 10 1 1 0 60
651k-700k 10 2 1 0 30
701k-750k 4 1 0 24
751k-800k 6 0
801k-850k 6 1 0 36
851k-900k 3 0
901k-950k 3 1 1 0.1 18
951k-1m 2 2 0.2 6
1m-1.1m 2 1 0.1 12
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 4 2 1 0.1 12
1.3m-1.4m 4 0
1.4m-1.5m 3 1 0.1 18
1.6m-1.7m 3 0
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
6.01m-7m 1 0.2 0