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 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
126k-150k 2 1 0.3 0
151k-175k 2 9 1 0.8 1.3
176k-200k 3 13 3 0.7 1.4
201k-225k 6 33 5 0.9 1.1
226k-250k 41 68 9 0.3 3.6
251k-275k 72 132 32 0.3 3.3
276k-300k 209 226 40 0.2 5.5
301k-325k 216 198 33 0.2 6.5
326k-350k 330 207 41 0.1 9.6
351k-375k 261 163 26 0.1 9.6
376k-400k 280 141 26 0.1 11.9
401k-425k 181 87 10 0.1 12.5
426k-450k 224 74 16 0.1 18.2
451k-475k 145 46 13 0.1 18.9
476k-500k 176 74 17 0.1 14.3
501k-550k 249 108 18 0.1 13.8
551k-600k 192 96 16 0.1 12
601k-650k 153 70 14 0.1 13.1
651k-700k 149 49 10 0.1 18.2
701k-750k 109 28 5 0 23.4
751k-800k 80 30 6 0.1 16
801k-850k 62 21 6 0.1 17.7
851k-900k 63 21 2 0.1 18
901k-950k 45 14 2 0.1 19.3
951k-1m 74 13 3 0 34.2
1m-1.1m 39 16 2 0.1 14.6
1.1m-1.2m 44 22 8 0.1 12
1.2m-1.3m 45 8 3 0 33.8
1.3m-1.4m 43 10 3 0 25.8
1.4m-1.5m 28 5 3 0 33.6
1.5m-1.6m 12 5 0.1 14.4
1.6m-1.7m 8 5 2 0.1 9.6
1.7m-1.8m 12 2 0 36
1.8m-1.9m 14 2 0 42
1.9m-2m 23 3 2 0 46
2m-2.25m 8 2 0 24
2.25m-2.5m 16 3 1 0 32
2.5m-2.75m 9 0
2.75m-3m 9 1 1 0 54
3m-3.5m 7 5 3 0.1 8.4
3.5m-4m 5 0
4m-4.5m 3 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 2 0
11.01m-12m 1 0

Townhouses 19% 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 2 1 1 0.1 12
101k-125k 1 1 0.2 0
126k-150k 5 1 0 30
151k-175k 2 2 0.2 6
176k-200k 3 2 0.1 9
201k-225k 4 3 1 0.1 8
226k-250k 8 12 0.3 4
251k-275k 10 6 1 0.1 10
276k-300k 5 4 0.1 7.5
301k-325k 2 0
326k-350k 1 1 0.2 6
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
651k-700k 1 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0

Condos 9% 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 0.3 0
76k-100k 4 5 0.2 4.8
101k-125k 11 11 2 0.2 6
126k-150k 33 26 7 0.1 7.6
151k-175k 53 23 7 0.1 13.8
176k-200k 66 19 7 0 20.8
201k-225k 42 23 5 0.1 11
226k-250k 51 17 4 0.1 18
251k-275k 36 12 4 0.1 18
276k-300k 37 14 7 0.1 15.9
301k-325k 9 5 1 0.1 10.8
326k-350k 15 9 3 0.1 10
351k-375k 5 1 1 0 30
376k-400k 10 1 1 0 60
401k-425k 4 2 0.1 12
426k-450k 6 2 0.1 18
451k-475k 6 3 0.1 12
476k-500k 6 0
501k-550k 12 2 0 36
551k-600k 6 0
601k-650k 10 0
651k-700k 7 1 0 42
701k-750k 7 2 0 21
751k-800k 4 0
801k-850k 1 1 0.2 0
901k-950k 1 1 0.2 6
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 4 0
1.4m-1.5m 1 0
1.5m-1.6m 1 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 61 19 3 0.1 19.3
26k-50k 896 236 39 0 22.8
51k-75k 757 80 17 0 56.8
76k-100k 308 44 9 0 42
101k-125k 172 24 1 0 43
126k-150k 134 14 2 0 57.4
151k-175k 70 13 3 0 32.3
176k-200k 68 5 0 81.6
201k-225k 45 8 3 0 33.8
226k-250k 77 3 0 154
251k-275k 39 9 5 0 26
276k-300k 53 7 4 0 45.4
301k-325k 13 3 1 0 26
326k-350k 23 2 0 69
351k-375k 14 3 0 28
376k-400k 30 1 1 0 180
401k-425k 10 0
426k-450k 13 2 1 0 39
451k-475k 8 1 0 48
476k-500k 28 2 0 84
501k-550k 12 2 1 0 36
551k-600k 13 0
601k-650k 12 0
651k-700k 6 0
701k-750k 6 0
751k-800k 3 0
801k-850k 5 2 1 0.1 15
851k-900k 3 0
901k-950k 2 0
951k-1m 2 0
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 4 1 1 0 24
1.2m-1.3m 5 1 1 0 30
1.3m-1.4m 6 0
1.4m-1.5m 6 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 3 0
2m-2.25m 4 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
12.01m-13m 1 0