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 38 8 0.5 2.2
226k-250k 34 77 17 0.4 2.6
251k-275k 75 166 39 0.4 2.7
276k-300k 194 273 74 0.2 4.3
301k-325k 191 224 45 0.2 5.1
326k-350k 306 255 69 0.1 7.2
351k-375k 258 176 41 0.1 8.8
376k-400k 288 155 26 0.1 11.1
401k-425k 183 112 25 0.1 9.8
426k-450k 223 85 17 0.1 15.7
451k-475k 133 67 16 0.1 11.9
476k-500k 179 93 29 0.1 11.5
501k-550k 258 144 29 0.1 10.8
551k-600k 209 96 20 0.1 13.1
601k-650k 159 99 25 0.1 9.6
651k-700k 143 57 14 0.1 15.1
701k-750k 99 46 13 0.1 12.9
751k-800k 95 35 9 0.1 16.3
801k-850k 62 26 8 0.1 14.3
851k-900k 65 33 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 28 32 10 0.2 5.3
1.1m-1.2m 40 20 4 0.1 12
1.2m-1.3m 44 13 7 0 20.3
1.3m-1.4m 40 11 5 0 21.8
1.4m-1.5m 20 7 2 0.1 17.1
1.5m-1.6m 13 9 1 0.1 8.7
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 40 34 10 0.1 7.1
226k-250k 50 23 9 0.1 13
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 18 12 4 0.1 9
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 920 268 68 0 20.6
51k-75k 781 122 58 0 38.4
76k-100k 337 45 11 0 44.9
101k-125k 156 33 8 0 28.4
126k-150k 145 15 3 0 58
151k-175k 62 14 3 0 26.6
176k-200k 75 8 4 0 56.3
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 17 3 1 0 34
376k-400k 33 4 3 0 49.5
401k-425k 9 4 1 0.1 13.5
426k-450k 11 2 0 33
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