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
126k-150k 1 3 0.5 2
151k-175k 3 6 1 0.3 3
176k-200k 3 13 3 0.7 1.4
201k-225k 14 37 7 0.4 2.3
226k-250k 36 76 16 0.4 2.8
251k-275k 76 164 37 0.4 2.8
276k-300k 194 272 73 0.2 4.3
301k-325k 189 223 44 0.2 5.1
326k-350k 306 255 70 0.1 7.2
351k-375k 261 174 39 0.1 9
376k-400k 288 154 26 0.1 11.2
401k-425k 182 113 25 0.1 9.7
426k-450k 223 85 17 0.1 15.7
451k-475k 132 67 16 0.1 11.8
476k-500k 180 93 29 0.1 11.6
501k-550k 258 142 28 0.1 10.9
551k-600k 206 97 20 0.1 12.7
601k-650k 160 99 25 0.1 9.7
651k-700k 143 56 13 0.1 15.3
701k-750k 99 46 13 0.1 12.9
751k-800k 95 35 9 0.1 16.3
801k-850k 61 25 8 0.1 14.6
851k-900k 67 34 11 0.1 11.8
901k-950k 26 20 7 0.1 7.8
951k-1m 78 19 5 0 24.6
1m-1.1m 27 32 10 0.2 5.1
1.1m-1.2m 41 20 4 0.1 12.3
1.2m-1.3m 44 13 7 0 20.3
1.3m-1.4m 39 11 5 0 21.3
1.4m-1.5m 19 7 2 0.1 16.3
1.5m-1.6m 14 9 1 0.1 9.3
1.6m-1.7m 16 6 3 0.1 16
1.7m-1.8m 14 4 1 0 21
1.8m-1.9m 19 3 0 38
1.9m-2m 16 3 2 0 32
2m-2.25m 12 3 1 0 24
2.25m-2.5m 16 5 2 0.1 19.2
2.5m-2.75m 8 1 0 48
2.75m-3m 8 2 2 0 24
3m-3.5m 6 4 0.1 9
3.5m-4m 6 0
4m-4.5m 4 0
4.5m-5m 3 0
5.01m-6m 2 0
6.01m-7m 2 0
8.01m-9m 1 0

Townhouses 26% 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 3 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 6 1 0 36
151k-175k 3 2 0.1 9
176k-200k 2 2 1 0.2 6
201k-225k 5 3 0.1 10
226k-250k 9 10 2 0.2 5.4
251k-275k 7 12 3 0.3 3.5
276k-300k 5 3 1 0.1 10
301k-325k 1 0
326k-350k 1 0.2 0
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 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 2 1 0.3 0
76k-100k 6 8 2 0.2 4.5
101k-125k 16 11 2 0.1 8.7
126k-150k 31 36 6 0.2 5.2
151k-175k 52 29 8 0.1 10.8
176k-200k 73 27 9 0.1 16.2
201k-225k 39 34 10 0.1 6.9
226k-250k 51 23 9 0.1 13.3
251k-275k 37 15 2 0.1 14.8
276k-300k 33 10 2 0.1 19.8
301k-325k 8 8 0.2 6
326k-350k 17 12 4 0.1 8.5
351k-375k 3 1 0.1 18
376k-400k 11 2 1 0 33
401k-425k 5 3 0.1 10
426k-450k 2 5 3 0.4 2.4
451k-475k 5 2 0.1 15
476k-500k 6 1 1 0 36
501k-550k 12 2 0 36
551k-600k 7 0
601k-650k 9 1 1 0 54
651k-700k 6 2 1 0.1 18
701k-750k 4 3 1 0.1 8
751k-800k 3 1 0.1 18
901k-950k 3 3 1 0.2 6
951k-1m 3 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 6 1 1 0 36

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 63 27 8 0.1 14
26k-50k 916 266 68 0 20.7
51k-75k 783 124 58 0 37.9
76k-100k 336 45 11 0 44.8
101k-125k 157 33 8 0 28.5
126k-150k 142 15 3 0 56.8
151k-175k 61 14 3 0 26.1
176k-200k 78 8 4 0 58.5
201k-225k 46 10 1 0 27.6
226k-250k 79 6 1 0 79
251k-275k 35 10 2 0 21
276k-300k 52 7 3 0 44.6
301k-325k 14 7 3 0.1 12
326k-350k 21 2 0 63
351k-375k 18 2 0 54
376k-400k 33 4 3 0 49.5
401k-425k 9 4 1 0.1 13.5
426k-450k 12 2 0 36
451k-475k 6 2 1 0.1 18
476k-500k 23 5 2 0 27.6
501k-550k 9 5 2 0.1 10.8
551k-600k 17 1 1 0 102
601k-650k 12 2 2 0 36
651k-700k 6 0
701k-750k 6 1 0 36
751k-800k 3 0
801k-850k 7 1 0 42
851k-900k 2 0
901k-950k 2 0
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 6 3 2 0.1 12
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 7 0
1.4m-1.5m 4 0
1.5m-1.6m 2 0
1.6m-1.7m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
12.01m-13m 1 0
17.01m-18m 1 0