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 24% 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 0.2 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 3 3 1 0.2 6
301k-325k 3 8 0.4 2.3
326k-350k 10 15 3 0.3 4
351k-375k 10 20 3 0.3 3
376k-400k 22 13 3 0.1 10.2
401k-425k 16 5 1 0.1 19.2
426k-450k 13 20 3 0.3 3.9
451k-475k 15 13 2 0.1 6.9
476k-500k 26 20 4 0.1 7.8
501k-550k 43 42 11 0.2 6.1
551k-600k 58 43 14 0.1 8.1
601k-650k 37 38 9 0.2 5.8
651k-700k 42 25 4 0.1 10.1
701k-750k 38 29 6 0.1 7.9
751k-800k 27 24 4 0.1 6.8
801k-850k 17 18 8 0.2 5.7
851k-900k 16 15 6 0.2 6.4
901k-950k 12 15 2 0.2 4.8
951k-1m 12 5 2 0.1 14.4
1m-1.1m 11 12 2 0.2 5.5
1.1m-1.2m 8 16 6 0.3 3
1.2m-1.3m 13 12 5 0.2 6.5
1.3m-1.4m 6 7 1 0.2 5.1
1.4m-1.5m 3 7 1 0.4 2.6
1.5m-1.6m 4 4 0.2 6
1.6m-1.7m 3 5 4 0.3 3.6
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 4 2 0.1 12
1.9m-2m 3 1 0.1 18
2m-2.25m 3 6 1 0.3 3
2.25m-2.5m 3 3 2 0.2 6
2.5m-2.75m 2 1 1 0.1 12
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 1 2 0.3 3
3.5m-4m 3 0
4m-4.5m 2 2 0.2 6
6.01m-7m 1 1 0.2 0

Townhouses 31% 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 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0.2 0
276k-300k 1 1 0.2 6
301k-325k 6 4 2 0.1 9
326k-350k 3 3 1 0.2 6
351k-375k 4 2 0.1 12
376k-400k 5 5 3 0.2 6
401k-425k 2 4 1 0.3 3
426k-450k 1 2 2 0.3 3
501k-550k 1 0
551k-600k 1 0

Condos 21% 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 2 2 1 0.2 6
176k-200k 5 8 2 0.3 3.8
201k-225k 7 20 8 0.5 2.1
226k-250k 15 22 1 0.2 4.1
251k-275k 19 25 5 0.2 4.6
276k-300k 39 21 10 0.1 11.1
301k-325k 29 10 3 0.1 17.4
326k-350k 41 20 4 0.1 12.3
351k-375k 23 15 7 0.1 9.2
376k-400k 35 21 7 0.1 10
401k-425k 12 17 1 0.2 4.2
426k-450k 17 11 5 0.1 9.3
451k-475k 12 9 1 0.1 8
476k-500k 12 12 4 0.2 6
501k-550k 11 16 2 0.2 4.1
551k-600k 13 12 3 0.2 6.5
601k-650k 11 8 2 0.1 8.3
651k-700k 9 4 0.1 13.5
701k-750k 8 7 2 0.1 6.9
751k-800k 10 7 2 0.1 8.6
801k-850k 5 4 3 0.1 7.5
851k-900k 4 4 2 0.2 6
901k-950k 3 1 0.1 18
951k-1m 3 5 0.3 3.6
1m-1.1m 2 0.3 0
1.1m-1.2m 2 4 1 0.3 3
1.2m-1.3m 3 2 1 0.1 9
1.4m-1.5m 1 0.2 0
1.8m-1.9m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 2 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 2 3 0.3 4
26k-50k 7 2 0 21
51k-75k 3 2 0.1 9
76k-100k 2 0
101k-125k 1 0
126k-150k 1 0
151k-175k 1 0.2 0
176k-200k 5 0.8 0
276k-300k 1 0.2 0
351k-375k 1 0
426k-450k 4 4 0.7 0
451k-475k 1 0
501k-550k 1 0
601k-650k 1 1 0.2 6
801k-850k 2 1 0.3 0
901k-950k 1 0
1m-1.1m 2 0
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 1 0.2 0