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 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
76k-100k 1 0
101k-125k 3 0.5 0
126k-150k 3 0.5 0
151k-175k 2 12 1 1
176k-200k 5 16 0.5 1.9
201k-225k 5 22 1 0.7 1.4
226k-250k 18 41 0.4 2.6
251k-275k 48 96 0.3 3
276k-300k 127 245 4 0.3 3.1
301k-325k 153 249 2 0.3 3.7
326k-350k 267 274 4 0.2 5.8
351k-375k 217 178 2 0.1 7.3
376k-400k 288 205 3 0.1 8.4
401k-425k 182 98 2 0.1 11.1
426k-450k 175 120 4 0.1 8.8
451k-475k 122 72 0.1 10.2
476k-500k 172 65 0.1 15.9
501k-550k 232 104 1 0.1 13.4
551k-600k 169 92 4 0.1 11
601k-650k 147 74 2 0.1 11.9
651k-700k 135 51 1 0.1 15.9
701k-750k 86 35 0.1 14.7
751k-800k 87 35 1 0.1 14.9
801k-850k 45 23 0.1 11.7
851k-900k 59 11 0 32.2
901k-950k 37 25 0.1 8.9
951k-1m 62 10 0 37.2
1m-1.1m 42 17 0.1 14.8
1.1m-1.2m 35 14 0.1 15
1.2m-1.3m 54 25 1 0.1 13
1.3m-1.4m 36 12 0.1 18
1.4m-1.5m 35 8 0 26.3
1.5m-1.6m 16 3 0 32
1.6m-1.7m 7 4 0.1 10.5
1.7m-1.8m 5 2 0.1 15
1.8m-1.9m 10 3 0.1 20
1.9m-2m 9 2 0 27
2m-2.25m 9 7 0.1 7.7
2.25m-2.5m 10 1 0 60
2.5m-2.75m 6 2 0.1 18
2.75m-3m 8 1 0 48
3m-3.5m 4 0
3.5m-4m 4 1 0 24
5.01m-6m 1 0
6.01m-7m 2 0
8.01m-9m 1 0

Townhouses 25% 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 1 0
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 5 1 0 30
201k-225k 4 0
226k-250k 2 16 1.3 0.8
251k-275k 11 8 0.1 8.3
276k-300k 4 1 0 24
301k-325k 1 0
326k-350k 4 1 0 24
376k-400k 3 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 1 0.1 12
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0

Condos 7% 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 6 1 1
101k-125k 10 7 0.1 8.6
126k-150k 21 15 0.1 8.4
151k-175k 43 19 0.1 13.6
176k-200k 53 32 0.1 9.9
201k-225k 34 18 0.1 11.3
226k-250k 48 21 0.1 13.7
251k-275k 27 19 0.1 8.5
276k-300k 39 10 1 0 23.4
301k-325k 13 6 0.1 13
326k-350k 8 2 0 24
351k-375k 7 0
376k-400k 8 3 0.1 16
401k-425k 1 1 0.2 6
426k-450k 8 2 0 24
451k-475k 4 0
476k-500k 4 1 0 24
501k-550k 10 4 0.1 15
551k-600k 6 2 0.1 18
601k-650k 6 0
651k-700k 5 0
701k-750k 5 0
751k-800k 7 0
851k-900k 1 1 0.2 6
951k-1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 7 0
1.3m-1.4m 3 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0

Land 3% 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 58 21 0.1 16.6
26k-50k 704 279 8 0.1 15.1
51k-75k 717 81 5 0 53.1
76k-100k 285 73 1 0 23.4
101k-125k 131 27 0 29.1
126k-150k 114 13 0 52.6
151k-175k 70 10 0 42
176k-200k 78 8 0 58.5
201k-225k 46 2 0 138
226k-250k 62 2 0 186
251k-275k 46 7 0 39.4
276k-300k 58 4 0 87
301k-325k 16 3 0 32
326k-350k 23 2 0 69
351k-375k 14 0
376k-400k 34 2 0 102
401k-425k 8 1 0 48
426k-450k 17 0
451k-475k 8 2 0 24
476k-500k 25 3 0 50
501k-550k 6 4 0.1 9
551k-600k 10 1 0 60
601k-650k 7 1 0 42
651k-700k 7 0
701k-750k 4 0
751k-800k 5 0
801k-850k 5 0
851k-900k 4 0
901k-950k 3 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 7 1 0 42
1.3m-1.4m 6 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3m-3.5m 1 0
3.5m-4m 1 1 0.2 6
4.5m-5m 1 0