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 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
76k-100k 1 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 1 7 1 1.2 0.9
151k-175k 1 6 1 1 1
176k-200k 5 21 5 0.7 1.4
201k-225k 14 35 4 0.4 2.4
226k-250k 33 83 20 0.4 2.4
251k-275k 75 182 33 0.4 2.5
276k-300k 186 315 69 0.3 3.5
301k-325k 187 254 45 0.2 4.4
326k-350k 298 288 56 0.2 6.2
351k-375k 278 213 45 0.1 7.8
376k-400k 280 187 47 0.1 9
401k-425k 167 117 22 0.1 8.6
426k-450k 209 119 39 0.1 10.5
451k-475k 145 81 11 0.1 10.7
476k-500k 162 106 28 0.1 9.2
501k-550k 242 149 27 0.1 9.7
551k-600k 205 119 34 0.1 10.3
601k-650k 151 99 21 0.1 9.2
651k-700k 133 63 11 0.1 12.7
701k-750k 91 54 9 0.1 10.1
751k-800k 87 46 9 0.1 11.3
801k-850k 62 31 6 0.1 12
851k-900k 51 41 12 0.1 7.5
901k-950k 40 29 8 0.1 8.3
951k-1m 70 20 4 0 21
1m-1.1m 25 33 4 0.2 4.5
1.1m-1.2m 45 28 6 0.1 9.6
1.2m-1.3m 44 15 3 0.1 17.6
1.3m-1.4m 33 14 4 0.1 14.1
1.4m-1.5m 22 11 5 0.1 12
1.5m-1.6m 16 11 2 0.1 8.7
1.6m-1.7m 11 7 2 0.1 9.4
1.7m-1.8m 14 5 0.1 16.8
1.8m-1.9m 18 7 4 0.1 15.4
1.9m-2m 12 3 1 0 24
2m-2.25m 14 9 6 0.1 9.3
2.25m-2.5m 15 5 1 0.1 18
2.5m-2.75m 4 5 1 0.2 4.8
2.75m-3m 6 2 2 0.1 18
3m-3.5m 8 5 1 0.1 9.6
3.5m-4m 7 0
4m-4.5m 5 1 1 0 30
4.5m-5m 2 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses 33% 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 1 1 0.2 6
101k-125k 1 1 0.2 6
126k-150k 5 0
151k-175k 3 3 1 0.2 6
176k-200k 3 0
201k-225k 4 3 1 0.1 8
226k-250k 5 15 1 0.5 2
251k-275k 11 15 2 0.2 4.4
276k-300k 5 2 1 0.1 15
301k-325k 1 0
326k-350k 1 0.2 0
351k-375k 1 1 1 0.2 6
376k-400k 1 0
401k-425k 1 0.2 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
651k-700k 1 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0

Condos 13% 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
51k-75k 3 1 0.5 0
76k-100k 6 9 1 0.3 4
101k-125k 19 14 1 0.1 8.1
126k-150k 36 37 3 0.2 5.8
151k-175k 52 39 9 0.1 8
176k-200k 60 39 13 0.1 9.2
201k-225k 42 36 4 0.1 7
226k-250k 43 28 7 0.1 9.2
251k-275k 28 22 5 0.1 7.6
276k-300k 37 11 2 0 20.2
301k-325k 10 12 3 0.2 5
326k-350k 9 16 5 0.3 3.4
351k-375k 4 2 0.1 12
376k-400k 7 4 1 0.1 10.5
401k-425k 5 2 1 0.1 15
426k-450k 5 3 0.1 10
451k-475k 4 1 0 24
476k-500k 8 3 0.1 16
501k-550k 13 1 0 78
551k-600k 5 1 0 30
601k-650k 7 2 1 0 21
651k-700k 4 1 0 24
701k-750k 4 3 0.1 8
751k-800k 4 1 0 24
851k-900k 1 0.2 0
901k-950k 3 2 0.1 9
951k-1m 3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 4 1 0 24
1.3m-1.4m 1 1 1 0.2 6

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 65 28 4 0.1 13.9
26k-50k 928 305 64 0.1 18.3
51k-75k 760 128 24 0 35.6
76k-100k 334 63 19 0 31.8
101k-125k 155 37 9 0 25.1
126k-150k 140 23 7 0 36.5
151k-175k 58 15 1 0 23.2
176k-200k 83 6 2 0 83
201k-225k 44 10 0 26.4
226k-250k 69 7 2 0 59.1
251k-275k 38 12 0.1 19
276k-300k 48 8 0 36
301k-325k 20 6 1 0.1 20
326k-350k 21 4 1 0 31.5
351k-375k 16 5 1 0.1 19.2
376k-400k 28 3 0 56
401k-425k 12 4 0.1 18
426k-450k 11 3 1 0 22
451k-475k 7 3 0.1 14
476k-500k 25 4 0 37.5
501k-550k 13 5 1 0.1 15.6
551k-600k 17 1 1 0 102
601k-650k 10 3 1 0.1 20
651k-700k 6 0
701k-750k 7 1 0 42
751k-800k 5 0
801k-850k 4 4 2 0.2 6
851k-900k 2 0
901k-950k 2 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 7 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 1 0
2.75m-3m 2 0
3m-3.5m 1 1 0.2 6
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
17.01m-18m 1 0