Absorption Report

Fort Myers, 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 15% 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
101k-125k 1 8 1.3 0.8
126k-150k 3 12 1 0.7 1.5
151k-175k 9 13 2 0.2 4.2
176k-200k 13 24 4 0.3 3.3
201k-225k 9 19 1 0.4 2.8
226k-250k 26 26 2 0.2 6
251k-275k 27 28 3 0.2 5.8
276k-300k 43 53 14 0.2 4.9
301k-325k 49 52 7 0.2 5.7
326k-350k 76 75 11 0.2 6.1
351k-375k 91 79 14 0.1 6.9
376k-400k 137 85 12 0.1 9.7
401k-425k 79 81 12 0.2 5.9
426k-450k 121 64 9 0.1 11.3
451k-475k 79 47 5 0.1 10.1
476k-500k 101 61 13 0.1 9.9
501k-550k 144 92 9 0.1 9.4
551k-600k 132 85 15 0.1 9.3
601k-650k 91 75 10 0.1 7.3
651k-700k 101 41 9 0.1 14.8
701k-750k 64 30 3 0.1 12.8
751k-800k 48 35 8 0.1 8.2
801k-850k 40 26 3 0.1 9.2
851k-900k 40 13 5 0.1 18.5
901k-950k 24 17 2 0.1 8.5
951k-1m 27 10 3 0.1 16.2
1m-1.1m 21 11 2 0.1 11.5
1.1m-1.2m 26 17 4 0.1 9.2
1.2m-1.3m 18 18 3 0.2 6
1.3m-1.4m 16 6 3 0.1 16
1.4m-1.5m 13 15 2 0.2 5.2
1.5m-1.6m 15 10 2 0.1 9
1.6m-1.7m 12 5 1 0.1 14.4
1.7m-1.8m 9 5 1 0.1 10.8
1.8m-1.9m 8 3 2 0.1 16
1.9m-2m 7 1 0 42
2m-2.25m 7 4 1 0.1 10.5
2.25m-2.5m 10 3 1 0.1 20
2.5m-2.75m 16 2 1 0 48
2.75m-3m 9 2 1 0 27
3m-3.5m 8 3 0.1 16
3.5m-4m 10 2 1 0 30
4m-4.5m 6 3 2 0.1 12
4.5m-5m 7 0
5.01m-6m 4 2 2 0.1 12
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 0
15.01m-16m 1 0

Townhouses 8% 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 1 0.2 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 10 4 1 0.1 15
176k-200k 9 6 1 0.1 9
201k-225k 28 11 0.1 15.3
226k-250k 33 14 1 0.1 14.1
251k-275k 27 16 2 0.1 10.1
276k-300k 40 22 4 0.1 10.9
301k-325k 20 9 1 0.1 13.3
326k-350k 30 13 2 0.1 13.8
351k-375k 16 9 1 0.1 10.7
376k-400k 13 2 0 39
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 4 0
476k-500k 2 0
501k-550k 2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0

Condos 7% 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
51k-75k 3 2 0.1 9
76k-100k 11 7 2 0.1 9.4
101k-125k 31 25 2 0.1 7.4
126k-150k 65 33 3 0.1 11.8
151k-175k 72 49 8 0.1 8.8
176k-200k 121 53 7 0.1 13.7
201k-225k 115 57 5 0.1 12.1
226k-250k 145 50 12 0.1 17.4
251k-275k 112 42 1 0.1 16
276k-300k 196 55 11 0 21.4
301k-325k 128 48 8 0.1 16
326k-350k 144 35 3 0 24.7
351k-375k 74 17 5 0 26.1
376k-400k 96 29 8 0.1 19.9
401k-425k 44 14 2 0.1 18.9
426k-450k 48 23 4 0.1 12.5
451k-475k 27 21 7 0.1 7.7
476k-500k 27 9 0.1 18
501k-550k 39 15 2 0.1 15.6
551k-600k 20 7 3 0.1 17.1
601k-650k 12 2 1 0 36
651k-700k 13 3 1 0 26
701k-750k 15 4 1 0 22.5
751k-800k 11 1 0 66
801k-850k 8 3 1 0.1 16
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 5 2 1 0.1 15
1m-1.1m 5 0
1.1m-1.2m 9 3 0.1 18
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0

Land 10% 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 16 29 2 0.3 3.3
26k-50k 75 65 13 0.1 6.9
51k-75k 67 38 12 0.1 10.6
76k-100k 55 6 2 0 55
101k-125k 17 6 0.1 17
126k-150k 23 8 3 0.1 17.3
151k-175k 28 9 1 0.1 18.7
176k-200k 34 4 1 0 51
201k-225k 19 2 0 57
226k-250k 22 3 0 44
251k-275k 13 3 0 26
276k-300k 14 1 0 84
301k-325k 7 1 0 42
326k-350k 4 1 1 0 24
351k-375k 2 1 0.1 12
376k-400k 2 0
426k-450k 3 0
451k-475k 3 0
476k-500k 10 3 1 0.1 20
501k-550k 4 2 0.1 12
551k-600k 9 1 0 54
601k-650k 2 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 1 0 30
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1m-1.1m 2 0
1.1m-1.2m 4 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0