Supply & Demand in 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 27% 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
301k-325k 3 0.5 0
326k-350k 1 4 0.7 1.5
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 4 5 2 0.2 4.8
426k-450k 6 14 6 0.4 2.6
451k-475k 5 10 1 0.3 3
476k-500k 11 13 2 0.2 5.1
501k-550k 16 22 4 0.2 4.4
551k-600k 28 34 9 0.2 4.9
601k-650k 31 33 9 0.2 5.6
651k-700k 30 34 5 0.2 5.3
701k-750k 20 16 2 0.1 7.5
751k-800k 28 21 5 0.1 8
801k-850k 18 23 8 0.2 4.7
851k-900k 15 11 2 0.1 8.2
901k-950k 14 10 1 0.1 8.4
951k-1m 12 6 2 0.1 12
1m-1.1m 7 13 2 0.3 3.2
1.1m-1.2m 7 12 3 0.3 3.5
1.2m-1.3m 9 14 4 0.3 3.9
1.3m-1.4m 4 13 4 0.5 1.8
1.4m-1.5m 6 4 2 0.1 9
1.5m-1.6m 10 2 1.7 0
1.6m-1.7m 4 6 0.3 4
1.7m-1.8m 1 4 1 0.7 1.5
1.8m-1.9m 1 1 0.2 0
1.9m-2m 3 2 2 0.1 9
2m-2.25m 1 11 3 1.8 0.5
2.25m-2.5m 7 1 1.2 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 3 0
3m-3.5m 4 2 0.1 12
4m-4.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 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
251k-275k 1 0
301k-325k 2 0.3 0
326k-350k 2 1 0.3 0
351k-375k 2 1 0.1 12
376k-400k 3 5 0.3 3.6
401k-425k 2 0.3 0
426k-450k 4 4 0.7 0
451k-475k 1 2 1 0.3 3
476k-500k 5 3 0.1 10
501k-550k 3 0

Condos 22% 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
201k-225k 3 5 3 0.3 3.6
226k-250k 4 5 1 0.2 4.8
251k-275k 3 5 0.3 3.6
276k-300k 13 20 6 0.3 3.9
301k-325k 14 12 4 0.1 7
326k-350k 19 21 5 0.2 5.4
351k-375k 16 9 1 0.1 10.7
376k-400k 16 20 5 0.2 4.8
401k-425k 9 9 1 0.2 6
426k-450k 14 16 0.2 5.3
451k-475k 9 17 4 0.3 3.2
476k-500k 23 7 1 0.1 19.7
501k-550k 21 18 2 0.1 7
551k-600k 12 14 1 0.2 5.1
601k-650k 7 11 1 0.3 3.8
651k-700k 3 6 1 0.3 3
701k-750k 1 4 1 0.7 1.5
751k-800k 3 4 1 0.2 4.5
801k-850k 8 3 1 0.1 16
851k-900k 4 6 1 0.3 4
901k-950k 3 2 1 0.1 9
951k-1m 2 3 0.3 4
1m-1.1m 1 3 2 0.5 2
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0

Land 6% 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
1k-25k 7 1.2 0
26k-50k 1 0.2 0
51k-75k 11 1 0 66
76k-100k 6 0
101k-125k 2 0.3 0
151k-175k 1 0
251k-275k 1 0
276k-300k 1 0.2 0
376k-400k 1 0.2 0
426k-450k 1 1 0.2 0
551k-600k 1 0
601k-650k 4 1 0 24
951k-1m 1 0
1.1m-1.2m 2 0
1.4m-1.5m 2 0
2.5m-2.75m 1 0
3.5m-4m 1 0