Bonita Springs FL Home Sales x Month - November 2019
Bonita Springs FL home sales were up 5.4% in the month of November. The number of homes sold came in at 136 (Nov 2019), 7 more than the previous month, when home sales were at 129 (Oct 2019). One year ago, Bonita Springs FL home sales were at 159 (Nov 2018). Refer to bar graph below.
Bonita Springs FL Home Prices x Price Range - November 2019
According to MLS in November, the average sale price of a home in Bonita Springs FL was $416,766. The average sale price for the previous month (October 2019) was $442,443.
In order to put the information regarding home sale prices in a more meaningful context, I have taken the total number of homes sold for the month 136 (November 2019) and broken that number down by price ranges. Refer to the chart below.
There was a total of 136 transactions in Bonita Springs in the month of November.
The chart below shows the breakdown of those sales x price ranges.
17.6% of the translations were under $200,000.
50.7% of the transactions were in the price range of $200,000 to $400,000.
24.3% of the transactions were in the price range of $400,000 to $600,000
2.9% of the transactions were in the price range of $600,000 to $800,000
0.7% of the transactions were in the price range of $800,000 to $1,000,000
3.7% of the transactions were in price ranges over $1,000,000.
Bonita Springs FL - Home Sales x Price Range - November 2019
Bonita Springs FL Active Listings x Month - November 2019
Active listings in Bonita Springs FL increased by 2% in the month of November. The number of active listings was 1,129 (Nov 2019), 22 more than the previous month when the number of active listings was 1,107 (Oct 2019). One year ago, (Oct 2018) there were 1,332 active listings on the market in Bonita Springs FL.
The number of active listings will likely continue to increase as much as 40% all the way through the 1st quarter of 2020. This is normal market activity for this time of year. Refer to the chart below to see the trend beginning to shape up.
Bonita Springs FL - Inventory & Absorption Rate - November 2019
The number of active listings represents the inventory of homes for sale in Bonita Springs FL. Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes.
Based on a current inventory of 1,129 active listings or homes for sale in Bonita Springs FL, there are 8 months of inventory. An 8 month supply of homes available for sale represents a market that favors buyers.
Bonita Springs FL - Market Report Summary - November 2019
*Not a measure of market appreciation or depreciation.
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