Absorption Report

Fort Myers, Parker Lakes

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 27% 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
301k-325k 3 0.5 0
326k-350k 1 4 0.7 1.5
351k-375k 1 2 1 0.3 3
401k-425k 5 6 2 0.2 5
426k-450k 9 14 5 0.3 3.9
451k-475k 6 13 3 0.4 2.8
476k-500k 7 10 1 0.2 4.2
501k-550k 18 21 3 0.2 5.1
551k-600k 25 38 8 0.3 3.9
601k-650k 28 32 3 0.2 5.3
651k-700k 28 35 7 0.2 4.8
701k-750k 21 20 4 0.2 6.3
751k-800k 24 23 4 0.2 6.3
801k-850k 17 23 1 0.2 4.4
851k-900k 16 11 2 0.1 8.7
901k-950k 11 11 5 0.2 6
951k-1m 9 9 4 0.2 6
1m-1.1m 7 13 1 0.3 3.2
1.1m-1.2m 6 12 3 0.3 3
1.2m-1.3m 8 13 1 0.3 3.7
1.3m-1.4m 3 12 1 0.7 1.5
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 3 7 0.4 2.6
1.6m-1.7m 3 5 0.3 3.6
1.7m-1.8m 2 5 1 0.4 2.4
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 10 1.7 0.6
2.25m-2.5m 2 6 1 0.5 2
2.5m-2.75m 1 0.2 0
2.75m-3m 2 1 1 0.1 12
3m-3.5m 4 1 0 24
4m-4.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 30% 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
251k-275k 1 0
301k-325k 1 2 0.3 3
326k-350k 1 2 0.3 3
351k-375k 1 1 0.2 6
376k-400k 3 5 0.3 3.6
401k-425k 2 0.3 0
426k-450k 1 4 2 0.7 1.5
451k-475k 1 2 0.3 3
476k-500k 3 4 1 0.2 4.5
501k-550k 2 0

Condos 22% 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
176k-200k 1 0.2 0
201k-225k 3 4 1 0.2 4.5
226k-250k 4 5 0.2 4.8
251k-275k 3 5 0.3 3.6
276k-300k 15 21 3 0.2 4.3
301k-325k 17 13 4 0.1 7.8
326k-350k 20 24 8 0.2 5
351k-375k 13 13 6 0.2 6
376k-400k 11 20 3 0.3 3.3
401k-425k 12 10 3 0.1 7.2
426k-450k 14 14 2 0.2 6
451k-475k 10 14 1 0.2 4.3
476k-500k 21 7 0.1 18
501k-550k 18 17 1 0.2 6.4
551k-600k 11 16 4 0.2 4.1
601k-650k 6 11 2 0.3 3.3
651k-700k 2 6 1 0.5 2
701k-750k 3 0.5 0
751k-800k 4 4 0.2 6
801k-850k 7 3 1 0.1 14
851k-900k 4 8 2 0.3 3
901k-950k 2 3 1 0.3 4
951k-1m 2 3 0.3 4
1m-1.1m 1 2 0.3 3
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 2 0
4.5m-5m 1 0

Land 6% 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 6 1 0
26k-50k 1 1 0.2 6
51k-75k 11 1 0 66
76k-100k 5 0
101k-125k 2 0.3 0
126k-150k 1 0
151k-175k 1 0
251k-275k 1 0
276k-300k 1 0.2 0
426k-450k 1 1 0.2 0
551k-600k 1 0
601k-650k 4 0
951k-1m 1 0
1.1m-1.2m 2 0
1.4m-1.5m 2 0
2.5m-2.75m 1 0
3.5m-4m 1 0