You can have some of this AWESOME weather too but you better hurry. Paradise is selling fast! There are currently: 2275 single family homes for sale in Cape Coral, FL 1594 homes have sold in the past three months That leaves us with an absorption rate of: 4.2 months What does that mean? Let's say that not another house went on the market. How long would it take to sell the existing inventory? Only 4.2 months.... Rule of thumb: A ‘normal' real estate market (if there is such a thing) has an absorption rate of 6% When is (8 comments)
absorption rate: Cape Coral, FL Absorption Rate........
- 11/01/08 02:27 AM
Cape Coral, FL Absorption Rate.... First, what is an absorption rate? It is the amount of real estate that will be sold in a certain amount of time.Let's say that not another house went on the market. How long would it take to sell the existing inventory? In the past month there were 480 single family homes that sold in Cape Coral....with a little over 4200 homes currently on the market; this means that there is a 8.8 months absorption rate (it would take 8.8 months to sell everything on the market). Not bad compared to where we were at a (2 comments)