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 16% 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 7 1.2 0
126k-150k 3 12 2 0.7 1.5
151k-175k 9 12 1 0.2 4.5
176k-200k 12 22 3 0.3 3.3
201k-225k 10 21 3 0.4 2.9
226k-250k 19 35 6 0.3 3.3
251k-275k 22 29 7 0.2 4.6
276k-300k 41 45 9 0.2 5.5
301k-325k 44 56 8 0.2 4.7
326k-350k 66 81 11 0.2 4.9
351k-375k 84 79 18 0.2 6.4
376k-400k 129 95 21 0.1 8.1
401k-425k 70 82 14 0.2 5.1
426k-450k 106 76 12 0.1 8.4
451k-475k 75 48 11 0.1 9.4
476k-500k 102 60 12 0.1 10.2
501k-550k 122 94 14 0.1 7.8
551k-600k 135 91 20 0.1 8.9
601k-650k 93 81 11 0.1 6.9
651k-700k 87 44 7 0.1 11.9
701k-750k 49 30 5 0.1 9.8
751k-800k 53 34 8 0.1 9.4
801k-850k 30 24 6 0.1 7.5
851k-900k 38 14 7 0.1 16.3
901k-950k 22 17 3 0.1 7.8
951k-1m 30 11 2 0.1 16.4
1m-1.1m 20 13 5 0.1 9.2
1.1m-1.2m 19 19 5 0.2 6
1.2m-1.3m 15 16 8 0.2 5.6
1.3m-1.4m 15 9 1 0.1 10
1.4m-1.5m 16 13 4 0.1 7.4
1.5m-1.6m 12 9 5 0.1 8
1.6m-1.7m 13 4 0.1 19.5
1.7m-1.8m 4 6 2 0.3 4
1.8m-1.9m 8 3 0.1 16
1.9m-2m 7 2 1 0 21
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 2 0.1 16.5
2.5m-2.75m 10 1 1 0 60
2.75m-3m 10 2 1 0 30
3m-3.5m 8 4 0.1 12
3.5m-4m 9 1 1 0 54
4m-4.5m 5 3 2 0.1 10
4.5m-5m 4 1 0 24
5.01m-6m 5 1 0 30
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 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 10 7 1 0.1 8.6
201k-225k 24 14 0.1 10.3
226k-250k 27 19 1 0.1 8.5
251k-275k 23 19 4 0.1 7.3
276k-300k 31 21 3 0.1 8.9
301k-325k 24 10 1 0.1 14.4
326k-350k 35 15 3 0.1 14
351k-375k 18 10 0.1 10.8
376k-400k 13 2 1 0 39
401k-425k 2 1 0.1 12
426k-450k 1 0
451k-475k 2 0
476k-500k 3 0
501k-550k 3 0
551k-600k 1 0.2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0

Condos 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
51k-75k 2 2 1 0.2 6
76k-100k 11 8 2 0.1 8.3
101k-125k 25 27 2 0.2 5.6
126k-150k 59 34 5 0.1 10.4
151k-175k 72 48 7 0.1 9
176k-200k 124 53 13 0.1 14
201k-225k 105 61 13 0.1 10.3
226k-250k 149 43 7 0 20.8
251k-275k 103 49 7 0.1 12.6
276k-300k 177 54 12 0.1 19.7
301k-325k 119 43 5 0.1 16.6
326k-350k 135 38 10 0 21.3
351k-375k 72 17 2 0 25.4
376k-400k 88 24 5 0 22
401k-425k 41 17 6 0.1 14.5
426k-450k 55 21 6 0.1 15.7
451k-475k 28 21 4 0.1 8
476k-500k 26 8 1 0.1 19.5
501k-550k 37 18 4 0.1 12.3
551k-600k 18 6 1 0.1 18
601k-650k 11 2 1 0 33
651k-700k 13 3 0 26
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 8 2 0 24
851k-900k 13 3 2 0 26
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 5 0
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 6 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0

Land 9% 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 17 32 5 0.3 3.2
26k-50k 62 59 12 0.2 6.3
51k-75k 80 31 6 0.1 15.5
76k-100k 57 8 3 0 42.8
101k-125k 17 7 3 0.1 14.6
126k-150k 24 6 0 24
151k-175k 26 8 3 0.1 19.5
176k-200k 31 7 3 0 26.6
201k-225k 17 1 1 0 102
226k-250k 19 4 2 0 28.5
251k-275k 16 3 0 32
276k-300k 12 1 0 72
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 2 1 1 0.1 12
376k-400k 3 0
426k-450k 3 0
451k-475k 3 0
476k-500k 10 2 0 30
501k-550k 4 2 0.1 12
551k-600k 8 1 0 48
601k-650k 2 3 0.3 4
651k-700k 4 0
701k-750k 2 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 1 0.1 12
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
2.5m-2.75m 1 0
2.75m-3m 4 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0