Supply & Demand in Marco Island, 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
451k-475k 1 1 0.2 6
476k-500k 2 1 0.3 0
501k-550k 1 1 0.2 6
601k-650k 1 0
651k-700k 3 4 1 0.2 4.5
701k-750k 5 2 0.1 15
751k-800k 4 7 2 0.3 3.4
801k-850k 2 10 1 0.8 1.2
851k-900k 7 4 0.1 10.5
901k-950k 3 7 1 0.4 2.6
951k-1m 3 4 0.2 4.5
1m-1.1m 8 5 1 0.1 9.6
1.1m-1.2m 8 24 3 0.5 2
1.2m-1.3m 12 9 1 0.1 8
1.3m-1.4m 5 10 0.3 3
1.4m-1.5m 8 12 3 0.3 4
1.5m-1.6m 6 18 4 0.5 2
1.6m-1.7m 6 5 1 0.1 7.2
1.7m-1.8m 9 8 1 0.1 6.8
1.8m-1.9m 11 7 3 0.1 9.4
1.9m-2m 11 11 4 0.2 6
2m-2.25m 10 13 2 0.2 4.6
2.25m-2.5m 16 9 3 0.1 10.7
2.5m-2.75m 7 3 2 0.1 14
2.75m-3m 14 6 2 0.1 14
3m-3.5m 12 12 5 0.2 6
3.5m-4m 16 9 2 0.1 10.7
4m-4.5m 7 5 1 0.1 8.4
4.5m-5m 14 5 1 0.1 16.8
5.01m-6m 17 9 1 0.1 11.3
6.01m-7m 11 2 0 33
7.01m-8m 6 0
8.01m-9m 1 0
9.01m-10m 2 0
10.01m-11m 3 0
11.01m-12m 3 1 0.1 18
13.01m-14m 1 0

Townhouses 25% 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
301k-325k 1 1 0.2 6
326k-350k 2 1 0.3 0
351k-375k 1 0
401k-425k 1 1 0.2 0
476k-500k 2 0
551k-600k 1 0
951k-1m 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 6 0
101k-125k 1 0
151k-175k 2 1 0.1 12
176k-200k 6 4 3 0.1 9
201k-225k 9 4 1 0.1 13.5
226k-250k 9 4 3 0.1 13.5
251k-275k 7 3 0.1 14
276k-300k 8 7 2 0.1 6.9
301k-325k 11 8 1 0.1 8.3
326k-350k 8 6 1 0.1 8
351k-375k 12 8 1 0.1 9
376k-400k 20 8 2 0.1 15
401k-425k 10 7 0.1 8.6
426k-450k 13 7 0.1 11.1
451k-475k 7 5 1 0.1 8.4
476k-500k 14 12 4 0.1 7
501k-550k 28 12 5 0.1 14
551k-600k 22 16 7 0.1 8.3
601k-650k 32 17 2 0.1 11.3
651k-700k 25 11 2 0.1 13.6
701k-750k 14 8 2 0.1 10.5
751k-800k 23 7 1 0.1 19.7
801k-850k 23 9 2 0.1 15.3
851k-900k 20 3 0 40
901k-950k 11 3 0 22
951k-1m 19 8 2 0.1 14.3
1m-1.1m 13 9 2 0.1 8.7
1.1m-1.2m 14 11 1 0.1 7.6
1.2m-1.3m 7 2 0 21
1.3m-1.4m 6 7 1 0.2 5.1
1.4m-1.5m 5 4 0.1 7.5
1.5m-1.6m 3 3 1 0.2 6
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 3 4 0.2 4.5
1.8m-1.9m 2 4 0.3 3
1.9m-2m 3 2 0.1 9
2m-2.25m 2 2 0.2 6
2.25m-2.5m 4 11 3 0.5 2.2
2.5m-2.75m 2 2 0.2 6
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 3 3 1 0.2 6
3.5m-4m 1 2 2 0.3 3
4m-4.5m 6 2 0.1 18
4.5m-5m 4 0
5.01m-6m 2 0
6.01m-7m 1 1 0.2 0
8.01m-9m 2 0
9.01m-10m 1 0

Land 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
76k-100k 1 0
126k-150k 5 0
151k-175k 1 1 1 0.2 6
176k-200k 3 3 1 0.2 6
226k-250k 4 0
276k-300k 1 1 0.2 6
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 5 1 0 30
376k-400k 3 0
401k-425k 3 0
426k-450k 4 0
451k-475k 3 2 0.1 9
476k-500k 2 1 0.1 12
501k-550k 2 0
551k-600k 3 1 0.1 18
601k-650k 5 2 0.1 15
651k-700k 1 1 0.2 0
701k-750k 3 1 1 0.1 18
751k-800k 5 0
801k-850k 2 0.3 0
851k-900k 4 0
901k-950k 3 1 1 0.1 18
951k-1m 4 2 2 0.1 12
1m-1.1m 4 0
1.1m-1.2m 3 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 1 0
1.4m-1.5m 5 2 2 0.1 15
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.5m-2.75m 3 0
2.75m-3m 1 0
3m-3.5m 4 3 1 0.1 8
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0.2 0
6.01m-7m 1 2 0.3 3
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0