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 18% 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
251k-275k 1 2 0.3 3
276k-300k 2 1 0.1 12
301k-325k 3 0.5 0
326k-350k 4 10 0.4 2.4
351k-375k 7 6 0.1 7
376k-400k 11 10 0.2 6.6
401k-425k 13 13 0.2 6
426k-450k 5 16 0.5 1.9
451k-475k 12 16 0.2 4.5
476k-500k 16 13 0.1 7.4
501k-550k 33 32 1 0.2 6.2
551k-600k 32 24 0.1 8
601k-650k 38 25 1 0.1 9.1
651k-700k 37 20 0.1 11.1
701k-750k 32 18 0.1 10.7
751k-800k 31 19 0.1 9.8
801k-850k 11 13 0.2 5.1
851k-900k 16 13 0.1 7.4
901k-950k 10 8 0.1 7.5
951k-1m 10 5 0.1 12
1m-1.1m 8 8 0.2 6
1.1m-1.2m 7 5 0.1 8.4
1.2m-1.3m 8 6 0.1 8
1.3m-1.4m 4 6 0.3 4
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 4 1 0 24
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 1 0.2 6
2m-2.25m 7 4 0.1 10.5
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 1 2 0.3 3
2.75m-3m 4 0
3m-3.5m 3 2 0.1 9

Townhouses 4% 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
251k-275k 1 0
276k-300k 2 2 0.2 6
301k-325k 3 3 0.2 6
326k-350k 2 2 0.2 6
351k-375k 4 1 0 24
376k-400k 4 2 0.1 12
401k-425k 2 2 0.2 6
426k-450k 3 0
451k-475k 1 1 0.2 6
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
151k-175k 1 0.2 0
176k-200k 3 5 0.3 3.6
201k-225k 4 8 0.3 3
226k-250k 9 13 0.2 4.2
251k-275k 15 16 0.2 5.6
276k-300k 32 20 0.1 9.6
301k-325k 29 12 0.1 14.5
326k-350k 22 6 0 22
351k-375k 12 13 0.2 5.5
376k-400k 26 7 0 22.3
401k-425k 14 10 0.1 8.4
426k-450k 12 3 0 24
451k-475k 4 9 0.4 2.7
476k-500k 13 5 0.1 15.6
501k-550k 4 17 0.7 1.4
551k-600k 11 9 0.1 7.3
601k-650k 7 3 0.1 14
651k-700k 5 2 0.1 15
701k-750k 5 1 0 30
751k-800k 4 6 0.3 4
801k-850k 2 0.3 0
851k-900k 2 1 0.1 12
901k-950k 2 1 0.1 12
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 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 3 0.5 0
26k-50k 5 0
51k-75k 9 1 0 54
76k-100k 2 0
126k-150k 1 0
201k-225k 1 0
226k-250k 5 0
276k-300k 1 0
351k-375k 1 1 0.2 6
426k-450k 4 1 0 24
501k-550k 1 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
801k-850k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0