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 20% 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
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
251k-275k 1 4 2 0.7 1.5
276k-300k 6 3 1 0
301k-325k 4 4 0.2 6
326k-350k 3 10 1 0.6 1.8
351k-375k 7 15 2 0.4 2.8
376k-400k 12 14 2 0.2 5.1
401k-425k 10 13 1 0.2 4.6
426k-450k 18 24 4 0.2 4.5
451k-475k 14 20 6 0.2 4.2
476k-500k 36 32 6 0.1 6.8
501k-550k 23 42 4 0.3 3.3
551k-600k 44 52 11 0.2 5.1
601k-650k 42 39 7 0.2 6.5
651k-700k 34 31 9 0.2 6.6
701k-750k 24 40 4 0.3 3.6
751k-800k 37 37 7 0.2 6
801k-850k 26 28 5 0.2 5.6
851k-900k 29 28 9 0.2 6.2
901k-950k 21 9 2 0.1 14
951k-1m 26 15 2 0.1 10.4
1m-1.1m 28 26 3 0.2 6.5
1.1m-1.2m 22 16 2 0.1 8.3
1.2m-1.3m 15 13 3 0.1 6.9
1.3m-1.4m 13 11 1 0.1 7.1
1.4m-1.5m 8 8 1 0.2 6
1.5m-1.6m 9 8 1 0.1 6.8
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 10 2 2 0 30
1.8m-1.9m 6 5 1 0.1 7.2
1.9m-2m 6 7 1 0.2 5.1
2m-2.25m 6 12 1 0.3 3
2.25m-2.5m 13 5 0.1 15.6
2.5m-2.75m 5 3 1 0.1 10
2.75m-3m 9 3 0.1 18
3m-3.5m 6 5 1 0.1 7.2
3.5m-4m 11 5 0.1 13.2
4m-4.5m 10 1 1 0 60
4.5m-5m 12 3 0 24
5.01m-6m 6 2 0.1 18
6.01m-7m 7 2 0 21
7.01m-8m 6 0
8.01m-9m 3 1 1 0.1 18
9.01m-10m 5 1 0 30
10.01m-11m 2 0
11.01m-12m 3 0
12.01m-13m 1 0
16.01m-17m 5 0
18.01m-19m 1 0
21.01m-22m 1 0

Townhouses 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
226k-250k 1 1 0.2 6
251k-275k 1 0
301k-325k 1 1 0.2 6
326k-350k 2 1 0.1 12
351k-375k 4 2 0.1 12
376k-400k 2 9 2 0.8 1.3
401k-425k 5 6 1 0.2 5
426k-450k 4 6 2 0.3 4
451k-475k 2 0
476k-500k 1 1 0.2 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0.2 0

Condos 14% 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 7 5 2 0.1 8.4
176k-200k 13 16 2 0.2 4.9
201k-225k 17 16 2 0.2 6.4
226k-250k 20 26 6 0.2 4.6
251k-275k 21 12 4 0.1 10.5
276k-300k 31 22 4 0.1 8.5
301k-325k 35 20 3 0.1 10.5
326k-350k 62 25 6 0.1 14.9
351k-375k 40 26 5 0.1 9.2
376k-400k 57 23 8 0.1 14.9
401k-425k 28 20 5 0.1 8.4
426k-450k 20 21 2 0.2 5.7
451k-475k 14 13 4 0.2 6.5
476k-500k 34 22 6 0.1 9.3
501k-550k 28 19 3 0.1 8.8
551k-600k 43 24 7 0.1 10.8
601k-650k 26 17 2 0.1 9.2
651k-700k 27 18 2 0.1 9
701k-750k 18 8 1 0.1 13.5
751k-800k 11 7 1 0.1 9.4
801k-850k 11 4 1 0.1 16.5
851k-900k 6 4 4 0.1 9
901k-950k 6 0
951k-1m 9 4 0.1 13.5
1m-1.1m 6 8 3 0.2 4.5
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 10 3 1 0.1 20
1.3m-1.4m 12 9 2 0.1 8
1.4m-1.5m 6 5 0.1 7.2
1.5m-1.6m 5 1 0 30
1.6m-1.7m 4 5 4 0.2 4.8
1.7m-1.8m 5 5 2 0.2 6
1.8m-1.9m 10 0
1.9m-2m 3 2 0.1 9
2m-2.25m 6 8 1 0.2 4.5
2.25m-2.5m 15 3 0 30
2.5m-2.75m 10 3 1 0.1 20
2.75m-3m 7 1 0 42
3m-3.5m 4 6 1 0.3 4
3.5m-4m 9 1 0 54
4m-4.5m 6 1 1 0 36
4.5m-5m 3 1 0.1 18
5.01m-6m 4 0
7.01m-8m 1 1 0.2 0
8.01m-9m 1 1 0.2 6
18.01m-19m 1 0

Land 2% 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
26k-50k 1 3 0.5 2
76k-100k 3 4 2 0.2 4.5
101k-125k 8 1 0 48
126k-150k 11 2 0 33
151k-175k 5 2 0.1 15
176k-200k 12 2 0 36
201k-225k 8 1 0 48
226k-250k 8 0
251k-275k 4 2 0.1 12
276k-300k 8 2 0 24
301k-325k 3 0
326k-350k 6 1 0 36
351k-375k 8 1 0 48
376k-400k 10 1 0 60
401k-425k 1 2 1 0.3 3
426k-450k 2 1 0.1 12
451k-475k 2 0
476k-500k 1 0
501k-550k 9 1 0 54
551k-600k 4 0
601k-650k 3 0
651k-700k 3 0
701k-750k 2 0
751k-800k 2 1 0.1 12
801k-850k 1 0
851k-900k 2 1 0.1 12
901k-950k 2 0
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 3 0
2.75m-3m 2 0
3m-3.5m 4 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 5 1 0 30
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
14.01m-15m 1 0
15.01m-16m 1 0
20.01m-21m 1 0