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
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Buyer's
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< 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 0.2 0
126k-150k 1 0
151k-175k 2 10 1 0.8 1.2
176k-200k 2 12 3 1 1
201k-225k 5 34 8 1.1 0.9
226k-250k 33 72 18 0.4 2.8
251k-275k 65 106 25 0.3 3.7
276k-300k 183 238 54 0.2 4.6
301k-325k 200 239 41 0.2 5
326k-350k 335 235 44 0.1 8.6
351k-375k 254 173 32 0.1 8.8
376k-400k 306 165 33 0.1 11.1
401k-425k 198 89 16 0.1 13.3
426k-450k 214 98 18 0.1 13.1
451k-475k 167 50 11 0 20
476k-500k 190 75 11 0.1 15.2
501k-550k 254 99 17 0.1 15.4
551k-600k 209 90 16 0.1 13.9
601k-650k 159 65 10 0.1 14.7
651k-700k 136 59 13 0.1 13.8
701k-750k 96 31 10 0.1 18.6
751k-800k 87 28 7 0.1 18.6
801k-850k 66 16 5 0 24.8
851k-900k 63 20 9 0.1 18.9
901k-950k 42 16 2 0.1 15.8
951k-1m 72 17 4 0 25.4
1m-1.1m 38 17 4 0.1 13.4
1.1m-1.2m 49 13 3 0 22.6
1.2m-1.3m 47 11 4 0 25.6
1.3m-1.4m 42 11 3 0 22.9
1.4m-1.5m 34 3 0 68
1.5m-1.6m 16 3 1 0 32
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 8 5 4 0.1 9.6
1.8m-1.9m 10 4 1 0.1 15
1.9m-2m 17 1 0 102
2m-2.25m 11 2 1 0 33
2.25m-2.5m 10 3 1 0.1 20
2.5m-2.75m 12 0
2.75m-3m 9 0
3m-3.5m 7 1 0 42
3.5m-4m 3 1 0.1 18
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 3 0
8.01m-9m 1 0

Townhouses 29% 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
101k-125k 2 0
126k-150k 1 2 1 0.3 3
151k-175k 3 2 0.1 9
176k-200k 6 3 0.1 12
201k-225k 6 1 0 36
226k-250k 4 20 4 0.8 1.2
251k-275k 13 7 1 0.1 11.1
276k-300k 3 4 2 0.2 4.5
301k-325k 2 0
326k-350k 2 1 0.1 12
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 1 0
426k-450k 1 0
476k-500k 1 2 0.3 3
501k-550k 1 0
651k-700k 1 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0

Condos 12% 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 1 0.2 0
76k-100k 5 7 2 0.2 4.3
101k-125k 9 10 1 0.2 5.4
126k-150k 30 22 4 0.1 8.2
151k-175k 64 15 4 0 25.6
176k-200k 65 24 6 0.1 16.3
201k-225k 38 20 4 0.1 11.4
226k-250k 55 16 6 0 20.6
251k-275k 35 11 4 0.1 19.1
276k-300k 40 7 2 0 34.3
301k-325k 7 4 1 0.1 10.5
326k-350k 14 10 3 0.1 8.4
351k-375k 9 1 1 0 54
376k-400k 9 0
401k-425k 1 2 0.3 3
426k-450k 7 3 1 0.1 14
451k-475k 5 2 0.1 15
476k-500k 3 1 1 0.1 18
501k-550k 13 1 1 0 78
551k-600k 6 0
601k-650k 8 0
651k-700k 7 0
701k-750k 5 2 1 0.1 15
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 1 1 0.1 12
1.1m-1.2m 6 0
1.2m-1.3m 3 0
1.3m-1.4m 4 0
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 0

Land 5% 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 62 24 8 0.1 15.5
26k-50k 887 262 56 0 20.3
51k-75k 821 74 11 0 66.6
76k-100k 336 51 10 0 39.5
101k-125k 163 30 7 0 32.6
126k-150k 135 17 2 0 47.6
151k-175k 77 10 2 0 46.2
176k-200k 80 10 2 0 48
201k-225k 51 2 0 153
226k-250k 68 2 0 204
251k-275k 46 8 2 0 34.5
276k-300k 67 4 3 0 100.5
301k-325k 16 1 0 96
326k-350k 22 4 2 0 33
351k-375k 14 2 0 42
376k-400k 35 2 1 0 105
401k-425k 11 0
426k-450k 16 0
451k-475k 10 2 0 30
476k-500k 33 6 2 0 33
501k-550k 7 0
551k-600k 17 0
601k-650k 10 0
651k-700k 6 0
701k-750k 4 0
751k-800k 4 0
801k-850k 6 0
851k-900k 4 0
901k-950k 3 0
951k-1m 3 0
1m-1.1m 4 0
1.1m-1.2m 6 0
1.2m-1.3m 7 0
1.3m-1.4m 6 0
1.4m-1.5m 5 0
1.5m-1.6m 1 0
1.6m-1.7m 4 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
7.01m-8m 1 0
12.01m-13m 1 0