Supply & Demand in Estero, 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
151k-175k 1 0
226k-250k 1 0
251k-275k 1 1 0.2 6
276k-300k 4 2 0.1 12
301k-325k 6 5 1 0.1 7.2
326k-350k 8 10 2 0.2 4.8
351k-375k 14 12 5 0.1 7
376k-400k 16 15 5 0.2 6.4
401k-425k 14 6 1 0.1 14
426k-450k 13 11 0.1 7.1
451k-475k 16 10 1 0.1 9.6
476k-500k 19 18 5 0.2 6.3
501k-550k 47 36 7 0.1 7.8
551k-600k 55 28 7 0.1 11.8
601k-650k 33 32 8 0.2 6.2
651k-700k 37 23 6 0.1 9.7
701k-750k 36 21 3 0.1 10.3
751k-800k 37 16 2 0.1 13.9
801k-850k 28 12 3 0.1 14
851k-900k 11 9 3 0.1 7.3
901k-950k 13 10 1 0.1 7.8
951k-1m 10 7 3 0.1 8.6
1m-1.1m 10 9 1 0.2 6.7
1.1m-1.2m 17 5 2 0 20.4
1.2m-1.3m 12 10 2 0.1 7.2
1.3m-1.4m 9 5 2 0.1 10.8
1.4m-1.5m 3 4 1 0.2 4.5
1.5m-1.6m 4 5 0.2 4.8
1.6m-1.7m 4 1 0 24
1.7m-1.8m 5 1 0 30
1.8m-1.9m 3 1 0.1 18
1.9m-2m 3 3 0.2 6
2m-2.25m 5 3 0.1 10
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 4 1 0 24
2.75m-3m 4 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 2 2 0.3 3
4m-4.5m 2 1 1 0.1 12

Townhouses 17% 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
201k-225k 1 0
226k-250k 1 0.2 0
276k-300k 1 3 0.5 2
301k-325k 5 0
326k-350k 3 4 1 0.2 4.5
351k-375k 3 2 0.1 9
376k-400k 3 4 1 0.2 4.5
401k-425k 2 3 1 0.3 4
426k-450k 4 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0

Condos 14% 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 1 0.2 0
151k-175k 3 1 0.1 18
176k-200k 7 4 0.1 10.5
201k-225k 7 7 1 0.2 6
226k-250k 19 17 7 0.1 6.7
251k-275k 14 18 7 0.2 4.7
276k-300k 39 9 2 0 26
301k-325k 25 7 3 0 21.4
326k-350k 30 11 2 0.1 16.4
351k-375k 25 9 4 0.1 16.7
376k-400k 36 12 2 0.1 18
401k-425k 22 9 4 0.1 14.7
426k-450k 18 7 3 0.1 15.4
451k-475k 11 7 1 0.1 9.4
476k-500k 15 4 0 22.5
501k-550k 11 10 4 0.2 6.6
551k-600k 22 6 1 0 22
601k-650k 11 5 1 0.1 13.2
651k-700k 11 2 0 33
701k-750k 5 5 1 0.2 6
751k-800k 6 6 2 0.2 6
801k-850k 6 1 0 36
851k-900k 6 1 0 36
901k-950k 5 1 0 30
951k-1m 4 4 0.2 6
1m-1.1m 2 2 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 2 0.1 9
3.5m-4m 4 2 0.1 12
4m-4.5m 4 1 0 24
4.5m-5m 2 0
10.01m-11m 1 0

Land 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
1k-25k 1 1 1 0.2 6
26k-50k 5 2 0.1 15
51k-75k 4 2 0.1 12
76k-100k 2 0
101k-125k 1 0
126k-150k 1 0
151k-175k 1 0.2 0
226k-250k 5 0.8 0
276k-300k 1 1 0.2 6
326k-350k 1 0
351k-375k 1 0
426k-450k 4 0
451k-475k 1 0
501k-550k 1 0
601k-650k 1 0
751k-800k 1 1 0.2 0
801k-850k 1 1 0.2 6
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0
1.9m-2m 1 0