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
1k-25k 1 1 0.2 6
101k-125k 7 1 1.2 0
126k-150k 1 8 1 1.3 0.8
151k-175k 8 15 5 0.3 3.2
176k-200k 9 23 5 0.4 2.3
201k-225k 9 20 3 0.4 2.7
226k-250k 18 33 8 0.3 3.3
251k-275k 23 29 4 0.2 4.8
276k-300k 39 49 12 0.2 4.8
301k-325k 46 60 5 0.2 4.6
326k-350k 59 85 11 0.2 4.2
351k-375k 82 75 15 0.2 6.6
376k-400k 115 107 26 0.2 6.4
401k-425k 70 88 16 0.2 4.8
426k-450k 100 86 14 0.1 7
451k-475k 64 59 10 0.2 6.5
476k-500k 103 65 18 0.1 9.5
501k-550k 131 99 10 0.1 7.9
551k-600k 129 93 13 0.1 8.3
601k-650k 88 78 12 0.1 6.8
651k-700k 82 45 8 0.1 10.9
701k-750k 47 36 7 0.1 7.8
751k-800k 50 31 7 0.1 9.7
801k-850k 31 28 8 0.2 6.6
851k-900k 28 11 4 0.1 15.3
901k-950k 21 16 3 0.1 7.9
951k-1m 32 13 5 0.1 14.8
1m-1.1m 19 10 4 0.1 11.4
1.1m-1.2m 24 17 4 0.1 8.5
1.2m-1.3m 17 10 4 0.1 10.2
1.3m-1.4m 11 8 1 0.1 8.3
1.4m-1.5m 17 6 1 0.1 17
1.5m-1.6m 14 7 6 0.1 12
1.6m-1.7m 10 7 1 0.1 8.6
1.7m-1.8m 5 8 2 0.3 3.8
1.8m-1.9m 8 3 0.1 16
1.9m-2m 8 1 0 48
2m-2.25m 10 5 0.1 12
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 10 0
2.75m-3m 11 2 1 0 33
3m-3.5m 8 5 3 0.1 9.6
3.5m-4m 7 1 1 0 42
4m-4.5m 5 1 0 30
4.5m-5m 2 1 0.1 12
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 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 0
101k-125k 1 0
126k-150k 2 4 1 0.3 3
151k-175k 6 4 2 0.1 9
176k-200k 10 11 2 0.2 5.5
201k-225k 15 17 2 0.2 5.3
226k-250k 29 17 2 0.1 10.2
251k-275k 20 16 3 0.1 7.5
276k-300k 29 24 4 0.1 7.3
301k-325k 31 11 0.1 16.9
326k-350k 40 18 0.1 13.3
351k-375k 16 11 0.1 8.7
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
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 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
51k-75k 1 1 1 0.2 6
76k-100k 11 11 2 0.2 6
101k-125k 20 26 5 0.2 4.6
126k-150k 56 38 10 0.1 8.8
151k-175k 70 51 8 0.1 8.2
176k-200k 111 60 10 0.1 11.1
201k-225k 108 64 12 0.1 10.1
226k-250k 135 52 14 0.1 15.6
251k-275k 96 49 8 0.1 11.8
276k-300k 153 50 6 0.1 18.4
301k-325k 113 45 8 0.1 15.1
326k-350k 119 29 4 0 24.6
351k-375k 78 19 3 0 24.6
376k-400k 88 24 7 0 22
401k-425k 43 12 4 0 21.5
426k-450k 45 20 6 0.1 13.5
451k-475k 30 19 3 0.1 9.5
476k-500k 25 12 6 0.1 12.5
501k-550k 36 18 3 0.1 12
551k-600k 19 7 0.1 16.3
601k-650k 11 1 0 66
651k-700k 11 2 0 33
701k-750k 12 3 1 0 24
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 12 2 1 0 36
901k-950k 2 0
951k-1m 4 1 0 24
1m-1.1m 3 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 6 0
1.4m-1.5m 3 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
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 18 31 6 0.3 3.5
26k-50k 57 57 17 0.2 6
51k-75k 74 33 9 0.1 13.5
76k-100k 55 7 1 0 47.1
101k-125k 16 6 2 0.1 16
126k-150k 27 6 0 27
151k-175k 22 11 5 0.1 12
176k-200k 26 4 1 0 39
201k-225k 20 2 1 0 60
226k-250k 15 4 1 0 22.5
251k-275k 17 4 0 25.5
276k-300k 7 3 0.1 14
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 2 1 1 0.1 12
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 8 3 0.1 16
501k-550k 5 1 0 30
551k-600k 8 2 0 24
601k-650k 2 3 0.3 4
651k-700k 1 0
701k-750k 5 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 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0
2.75m-3m 4 0
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0