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
101k-125k 1 0.2 0
151k-175k 2 3 0.3 4
176k-200k 5 9 0.3 3.3
201k-225k 5 19 1 0.6 1.6
226k-250k 19 25 3 0.2 4.6
251k-275k 48 69 1 0.2 4.2
276k-300k 127 160 1 0.2 4.8
301k-325k 157 163 6 0.2 5.8
326k-350k 268 176 1 0.1 9.1
351k-375k 221 123 4 0.1 10.8
376k-400k 283 140 2 0.1 12.1
401k-425k 184 58 2 0.1 19
426k-450k 172 80 1 0.1 12.9
451k-475k 122 44 0.1 16.6
476k-500k 176 40 1 0 26.4
501k-550k 233 74 4 0.1 18.9
551k-600k 165 70 2 0.1 14.1
601k-650k 157 54 2 0.1 17.4
651k-700k 137 31 0 26.5
701k-750k 86 25 1 0 20.6
751k-800k 86 18 1 0 28.7
801k-850k 46 14 1 0.1 19.7
851k-900k 57 5 0 68.4
901k-950k 35 15 0.1 14
951k-1m 58 9 0 38.7
1m-1.1m 43 10 0 25.8
1.1m-1.2m 37 7 0 31.7
1.2m-1.3m 54 14 0 23.1
1.3m-1.4m 38 5 0 45.6
1.4m-1.5m 34 5 0 40.8
1.5m-1.6m 15 2 0 45
1.6m-1.7m 7 2 0 21
1.7m-1.8m 6 0
1.8m-1.9m 11 2 0 33
1.9m-2m 9 2 0 27
2m-2.25m 9 2 0 27
2.25m-2.5m 10 1 0 60
2.5m-2.75m 8 1 0 48
2.75m-3m 7 1 0 42
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 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 6 1 0 36
201k-225k 3 0
226k-250k 2 13 1.1 0.9
251k-275k 11 6 0.1 11
276k-300k 4 0
301k-325k 1 0
326k-350k 4 0
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 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
76k-100k 1 3 0.5 2
101k-125k 10 5 0.1 12
126k-150k 21 14 1 0.1 9
151k-175k 42 10 0 25.2
176k-200k 53 22 0.1 14.5
201k-225k 34 11 1 0.1 18.5
226k-250k 48 9 0 32
251k-275k 27 12 0.1 13.5
276k-300k 40 4 0 60
301k-325k 12 3 0 24
326k-350k 8 2 0 24
351k-375k 7 0
376k-400k 8 1 0 48
401k-425k 1 1 0.2 6
426k-450k 8 1 0 48
451k-475k 5 0
476k-500k 3 0
501k-550k 10 2 0 30
551k-600k 6 1 0 36
601k-650k 6 0
651k-700k 5 0
701k-750k 4 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 53 17 1 0.1 18.7
26k-50k 709 192 7 0 22.2
51k-75k 738 49 1 0 90.4
76k-100k 292 44 0 39.8
101k-125k 129 19 1 0 40.7
126k-150k 119 9 0 79.3
151k-175k 71 6 0 71
176k-200k 77 6 1 0 77
201k-225k 46 1 0 276
226k-250k 65 1 0 390
251k-275k 46 6 0 46
276k-300k 59 1 0 354
301k-325k 16 1 0 96
326k-350k 23 2 0 69
351k-375k 14 0
376k-400k 34 2 0 102
401k-425k 8 1 0 48
426k-450k 18 0
451k-475k 7 2 0 21
476k-500k 25 4 1 0 37.5
501k-550k 5 1 0 30
551k-600k 10 0
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 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 7 0
1.3m-1.4m 6 0
1.4m-1.5m 4 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 0
4.5m-5m 1 0