Cape Coral Market Watch.....(Absorption Rate)

By
Real Estate Agent with REMAX Realty Team-Cape Coral, FL

Paradise is selling fast! 

There are currently:

2525 single family homes for sale in Cape Coral, FL

1582 homes have sold in the past three months

That leaves us with an absorption rate of: 4.7 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 4.7 months.... 

Rule of thumb:

A ‘normal' real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6% 

You can have some of this FABULOUS weather too but you better hurry. 

RUN don't walk.....

Paradise is selling fast!

CALL OR EMAIL FOR A 'FREE' CAPE CORAL MAP ....

Debbie Cullen, CRS, GRI, ABR, e-PRO, SRES, RSPS, SFR

Century 21 Sunbelt, Realtor

Serving SW Florida (Cape Coral...aka Paradise)

239.233.2322

deb@CapeDeb.com

www.CapeDeb.com

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Tags:
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Rainer
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Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ
Broker/Owner

Hope the good news continues in Paradise

Jul 24, 2010 01:10 AM #1
Rainmaker
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Lewis Beynon
CENTURY 21 Triangle Group - Raleigh, NC
Triangle Real Estate 411

WOW, that is really good news.  Our inventory is upwards of 10 months in Clifton Park NY.

Hope you enjoyed your trip up North!!!

Lewis

Jul 26, 2010 02:30 AM #2
Ambassador
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Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Inventory under 5 months, wow, what a difference.  Are you also seeing prices starting to rise a bit?

Aug 25, 2010 11:57 PM #3
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Debbie Cullen

Your Cape Coral, FL Specialist
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