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 15% 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 0.2 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 0
276k-300k 1 5 2 0.8 1.2
301k-325k 4 2 0.1 12
326k-350k 4 5 2 0.2 4.8
351k-375k 8 12 1 0.3 4
376k-400k 15 15 2 0.2 6
401k-425k 9 10 3 0.2 5.4
426k-450k 18 13 1 0.1 8.3
451k-475k 12 11 1 0.2 6.5
476k-500k 25 19 5 0.1 7.9
501k-550k 32 24 8 0.1 8
551k-600k 52 36 7 0.1 8.7
601k-650k 54 15 1 0 21.6
651k-700k 28 24 12 0.1 7
701k-750k 28 28 6 0.2 6
751k-800k 38 18 4 0.1 12.7
801k-850k 36 18 3 0.1 12
851k-900k 32 17 7 0.1 11.3
901k-950k 22 9 0.1 14.7
951k-1m 29 10 1 0.1 17.4
1m-1.1m 29 16 3 0.1 10.9
1.1m-1.2m 23 12 4 0.1 11.5
1.2m-1.3m 12 11 5 0.2 6.5
1.3m-1.4m 11 2 1 0 33
1.4m-1.5m 8 2 2 0 24
1.5m-1.6m 10 5 0.1 12
1.6m-1.7m 12 5 2 0.1 14.4
1.7m-1.8m 7 2 1 0 21
1.8m-1.9m 5 1 1 0 30
1.9m-2m 9 5 1 0.1 10.8
2m-2.25m 9 9 2 0.2 6
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 5 1 0 30
2.75m-3m 5 1 0 30
3m-3.5m 9 3 0.1 18
3.5m-4m 4 2 1 0.1 12
4m-4.5m 14 1 1 0 84
4.5m-5m 13 2 1 0 39
5.01m-6m 4 1 0 24
6.01m-7m 7 1 1 0 42
7.01m-8m 5 0
8.01m-9m 4 0
9.01m-10m 5 1 0 30
10.01m-11m 1 1 1 0.2 6
11.01m-12m 3 0
16.01m-17m 1 0
17.01m-18m 1 0
18.01m-19m 1 0
19.01m-20m 2 0
21.01m-22m 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 2 0.3 3
251k-275k 1 0
301k-325k 2 0.3 0
326k-350k 1 0.2 0
351k-375k 3 1 1 0.1 18
376k-400k 6 4 1 0.1 9
401k-425k 6 10 2 0.3 3.6
426k-450k 5 5 1 0.2 6
451k-475k 2 0.3 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
4m-4.5m 1 0

Condos 8% 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 4 2 1 0.1 12
176k-200k 12 11 0.2 6.5
201k-225k 11 13 2 0.2 5.1
226k-250k 27 10 3 0.1 16.2
251k-275k 21 8 1 0.1 15.8
276k-300k 31 11 2 0.1 16.9
301k-325k 39 7 3 0 33.4
326k-350k 44 12 3 0 22
351k-375k 44 12 2 0 22
376k-400k 70 11 4 0 38.2
401k-425k 26 12 1 0.1 13
426k-450k 31 11 5 0.1 16.9
451k-475k 15 4 2 0 22.5
476k-500k 34 10 3 0 20.4
501k-550k 37 14 3 0.1 15.9
551k-600k 42 10 2 0 25.2
601k-650k 28 5 2 0 33.6
651k-700k 26 8 0.1 19.5
701k-750k 21 3 1 0 42
751k-800k 13 3 2 0 26
801k-850k 16 1 1 0 96
851k-900k 12 3 1 0 24
901k-950k 2 0
951k-1m 15 3 0 30
1m-1.1m 10 2 0 30
1.1m-1.2m 9 3 0.1 18
1.2m-1.3m 8 1 1 0 48
1.3m-1.4m 7 5 3 0.1 8.4
1.4m-1.5m 10 1 0 60
1.5m-1.6m 11 2 2 0 33
1.6m-1.7m 5 0
1.7m-1.8m 8 1 0 48
1.8m-1.9m 4 0
1.9m-2m 4 2 1 0.1 12
2m-2.25m 7 3 0.1 14
2.25m-2.5m 17 4 0 25.5
2.5m-2.75m 5 0
2.75m-3m 9 2 1 0 27
3m-3.5m 2 1 0.1 12
3.5m-4m 9 0
4m-4.5m 6 0
4.5m-5m 7 0
5.01m-6m 3 1 0.1 18
7.01m-8m 1 0
8.01m-9m 1 0
10.01m-11m 1 0
18.01m-19m 1 0

Land 4% 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 4 0.7 1.5
76k-100k 3 3 1 0.2 6
101k-125k 9 2 1 0 27
126k-150k 7 3 0.1 14
151k-175k 6 4 0.1 9
176k-200k 6 5 0.1 7.2
201k-225k 5 1 1 0 30
226k-250k 9 1 0 54
251k-275k 6 1 0 36
276k-300k 8 1 0 48
301k-325k 2 1 0.1 12
326k-350k 4 1 0 24
351k-375k 3 2 0.1 9
376k-400k 9 0
401k-425k 1 0
426k-450k 3 0
451k-475k 1 1 0.2 6
476k-500k 4 0
501k-550k 6 0
551k-600k 2 0
601k-650k 3 0
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.4m-1.5m 4 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 4 0
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 5 1 1 0 30
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
14.01m-15m 1 0
15.01m-16m 1 0