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 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
251k-275k 1 0.2 0
276k-300k 2 1 0.1 12
301k-325k 1 3 1 0.5 2
326k-350k 6 5 0.1 7.2
351k-375k 11 9 3 0.1 7.3
376k-400k 9 16 4 0.3 3.4
401k-425k 16 18 1 0.2 5.3
426k-450k 19 16 3 0.1 7.1
451k-475k 19 15 1 0.1 7.6
476k-500k 21 14 3 0.1 9
501k-550k 23 48 13 0.3 2.9
551k-600k 56 40 6 0.1 8.4
601k-650k 31 25 3 0.1 7.4
651k-700k 42 45 4 0.2 5.6
701k-750k 37 20 3 0.1 11.1
751k-800k 37 22 2 0.1 10.1
801k-850k 21 15 2 0.1 8.4
851k-900k 19 20 7 0.2 5.7
901k-950k 14 14 0.2 6
951k-1m 11 9 3 0.1 7.3
1m-1.1m 15 10 1 0.1 9
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 14 17 2 0.2 4.9
1.3m-1.4m 6 7 2 0.2 5.1
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 5 5 0.2 6
1.6m-1.7m 3 6 0.3 3
1.7m-1.8m 3 4 0.2 4.5
1.8m-1.9m 3 0.5 0
1.9m-2m 4 1 1 0 24
2m-2.25m 5 2 0.1 15
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 3 2 0.1 9
2.75m-3m 5 1 0 30
3m-3.5m 2 4 1 0.3 3
3.5m-4m 1 0

Townhouses 22% 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 0.2 0
276k-300k 2 0
301k-325k 2 6 3 0.5 2
326k-350k 2 0
351k-375k 5 2 0.1 15
376k-400k 3 2 0.1 9
401k-425k 6 4 1 0.1 9
426k-450k 5 0
451k-475k 1 0.2 0
476k-500k 1 1 1 0.2 6
501k-550k 3 0
601k-650k 1 0.2 0

Condos 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
151k-175k 3 0.5 0
176k-200k 3 5 2 0.3 3.6
201k-225k 2 3 2 0.3 4
226k-250k 15 10 4 0.1 9
251k-275k 13 12 1 0.2 6.5
276k-300k 38 30 9 0.1 7.6
301k-325k 27 22 3 0.1 7.4
326k-350k 34 11 3 0.1 18.5
351k-375k 22 11 0.1 12
376k-400k 34 16 4 0.1 12.8
401k-425k 21 12 3 0.1 10.5
426k-450k 26 10 0.1 15.6
451k-475k 11 6 3 0.1 11
476k-500k 14 10 2 0.1 8.4
501k-550k 18 17 4 0.2 6.4
551k-600k 18 7 1 0.1 15.4
601k-650k 14 8 2 0.1 10.5
651k-700k 8 6 0.1 8
701k-750k 6 6 1 0.2 6
751k-800k 7 7 2 0.2 6
801k-850k 3 1 0.1 18
851k-900k 3 2 1 0.1 9
901k-950k 2 4 1 0.3 3
951k-1m 1 5 1 0.8 1.2
1m-1.1m 2 0
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0

Land 19% 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 5 3 0.8 0
26k-50k 4 1 0 24
51k-75k 8 4 1 0.1 12
76k-100k 3 1 0.1 18
126k-150k 1 0
276k-300k 1 0
351k-375k 1 0
376k-400k 1 0.2 0
426k-450k 1 0
451k-475k 1 0
501k-550k 4 0
601k-650k 1 1 0.2 0
651k-700k 1 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 1 0.2 6
1.9m-2m 1 0.2 0
2.5m-2.75m 1 0