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Market Update: May 2019

Monday, May 13, 2019   /   by Hunter Habib

Market Update: May 2019

It’s hard to believe that we’re nearly halfway through 2019— but now that it’s May, you may be wondering if the summer is good time to sell your house or condo.

The data might surprise you.

When it comes to selling a home in SWFL, the summer months are an ideal time to list your property—and the reason for this is linked to something known as the absorption rate. 

Simply defined, the absorption rate is the rate at which properties in a certain area, sell in a defined period of time. To calculate the absorption rate, realtors divide the number of monthly sales by the number of properties that were on the market.

If there were 100 homes on the market in a SWFL community in a given month, and 10 of those homes were sold, the absorption rate would be 10/100, or 10%. When areas have a high absorption rate (20% or greater), this means that homes are not only selling quickly- but homeowners are operating in a sellers’ market.

So, what does this have to do with listing your home in the summer?

There are two key things that happen in the local real estate market during the warmest months of the year. First, snowbirds tend to take their homes of the market. Second, part-time real estate agents aren’t typically selling.

When fewer homes are available, and fewer real estate agents are selling, absorption rates start to climb. As a result, people who list their homes during the summer not only increase their odds of selling, they increase their odds of selling at a higher price.

As of April 2019, home inventory levels in Bonita Springs, Estero, Cape Coral, Fort Myers and Naples, FL as of April 2019 were as follows:

·         Bonita Springs- The cumulative monthly supply of single-family homes and condos during the month of April was recorded at 7.7 months, which reflects a buyers’ market. The April 2019 absorption rate for this community was recorded at 13.1%.

·         Estero- The cumulative monthly supply of single-family homes and condos during the month of April was recorded at 6.5 months, which reflects a buyers’ market. The April 2019 absorption rate for this community was recorded at 15.4%

·         Cape Coral- The cumulative monthly supply of single-family homes and condos during the month of April was recorded at 5.4 months, which reflects a buyers’ market. The April 2019 absorption rate for this community was recorded at 18.4%.

·         Fort Myers- The cumulative monthly supply of single-family homes and condos during the month of April was recorded at 5.7 months, which reflects a buyers’ market. The April 2019 absorption rate for this community was recorded at 17.5%.

·         Naples- The cumulative monthly supply of single-family homes and condos during the month of April was recorded at 8.1 months, which reflects a buyers’ market. The April 2019 absorption rate for this community was recorded at 12.4%.


Let our team help you achieve your residential real estate goals this spring and make it happen with the best possible outcome!  Here is a handy list of unique sales tools we provide our buying and selling clients. Whether buying or selling, our tools are PROVEN to help you get the most from your transaction!


  2019, market update

Paradise Luxury Group with Keller Williams
Michael Burke
879 Vanderbilt Beach Rd
NAPLES, FL 34108
239-498-7600

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2020 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 9/25/2020 12:31 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Data last updated 9/25/2020 12:31 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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