Absorption Report

Fort Myers

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 3 1 0.5 0
151k-175k 1 4 2 0.7 1.5
176k-200k 5 6 1 0.2 5
201k-225k 5 10 3 0.3 3
226k-250k 14 22 1 0.3 3.8
251k-275k 16 23 2 0.2 4.2
276k-300k 28 27 2 0.2 6.2
301k-325k 19 25 5 0.2 4.6
326k-350k 42 35 3 0.1 7.2
351k-375k 23 15 1 0.1 9.2
376k-400k 36 19 3 0.1 11.4
401k-425k 11 16 1 0.2 4.1
426k-450k 16 5 0.1 19.2
451k-475k 10 11 1 0.2 5.5
476k-500k 10 9 1 0.2 6.7
501k-550k 11 8 0.1 8.3
551k-600k 15 4 0 22.5
601k-650k 3 4 2 0.2 4.5
701k-750k 1 2 0.3 3
751k-800k 4 1 0 24
801k-850k 1 2 0.3 3
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.4m-1.5m 1 0.2 0
1.8m-1.9m 1 0
2.25m-2.5m 2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
126k-150k 2 2 1 0.2 6
151k-175k 4 0.7 0
176k-200k 5 3 0.1 10
201k-225k 5 2 1 0.1 15
226k-250k 2 2 0.2 6
251k-275k 2 2 0.2 6
276k-300k 5 1 0 30
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
401k-425k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 277 157 17 0.1 10.6
26k-50k 105 21 0 30
51k-75k 33 5 1 0 39.6
76k-100k 16 5 1 0.1 19.2
101k-125k 11 2 0 33
126k-150k 3 1 0.1 18
151k-175k 3 1 0.1 18
176k-200k 2 0
201k-225k 4 0
226k-250k 4 0
251k-275k 2 0
276k-300k 2 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
551k-600k 1 0