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 7 1.2 0
126k-150k 3 12 1 0.7 1.5
151k-175k 9 11 1 0.2 4.9
176k-200k 11 23 4 0.3 2.9
201k-225k 8 20 3 0.4 2.4
226k-250k 22 33 4 0.3 4
251k-275k 20 29 6 0.2 4.1
276k-300k 42 48 11 0.2 5.3
301k-325k 48 53 9 0.2 5.4
326k-350k 67 80 13 0.2 5
351k-375k 84 78 15 0.2 6.5
376k-400k 131 90 11 0.1 8.7
401k-425k 71 79 12 0.2 5.4
426k-450k 106 73 10 0.1 8.7
451k-475k 73 44 5 0.1 10
476k-500k 103 62 11 0.1 10
501k-550k 126 94 13 0.1 8
551k-600k 134 86 14 0.1 9.3
601k-650k 96 75 11 0.1 7.7
651k-700k 84 42 8 0.1 12
701k-750k 53 28 4 0.1 11.4
751k-800k 52 35 6 0.1 8.9
801k-850k 32 23 3 0.1 8.3
851k-900k 37 14 7 0.1 15.9
901k-950k 21 16 2 0.1 7.9
951k-1m 28 13 5 0.1 12.9
1m-1.1m 20 11 2 0.1 10.9
1.1m-1.2m 19 18 4 0.2 6.3
1.2m-1.3m 16 16 7 0.2 6
1.3m-1.4m 16 8 1 0.1 12
1.4m-1.5m 17 14 5 0.1 7.3
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 13 5 0.1 15.6
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 9 2 0 27
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 10 2 1 0 30
2.75m-3m 11 1 0 66
3m-3.5m 9 3 0.1 18
3.5m-4m 9 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 5 1 0 30
5.01m-6m 4 2 1 0.1 12
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 6 1 0.1 10
201k-225k 24 14 0.1 10.3
226k-250k 27 16 1 0.1 10.1
251k-275k 23 18 3 0.1 7.7
276k-300k 32 20 3 0.1 9.6
301k-325k 25 10 1 0.1 15
326k-350k 33 14 3 0.1 14.1
351k-375k 18 8 0.1 13.5
376k-400k 13 2 1 0 39
401k-425k 2 1 0.1 12
426k-450k 2 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 0.2 6
76k-100k 11 7 2 0.1 9.4
101k-125k 26 26 2 0.2 6
126k-150k 59 35 6 0.1 10.1
151k-175k 72 45 6 0.1 9.6
176k-200k 122 53 9 0.1 13.8
201k-225k 107 60 8 0.1 10.7
226k-250k 148 45 7 0.1 19.7
251k-275k 101 46 5 0.1 13.2
276k-300k 175 52 12 0 20.2
301k-325k 118 44 5 0.1 16.1
326k-350k 135 36 7 0 22.5
351k-375k 70 17 2 0 24.7
376k-400k 94 24 5 0 23.5
401k-425k 41 15 3 0.1 16.4
426k-450k 54 22 6 0.1 14.7
451k-475k 27 23 6 0.1 7
476k-500k 26 8 1 0.1 19.5
501k-550k 39 18 3 0.1 13
551k-600k 18 5 1 0 21.6
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 4 1 0.1 12
851k-900k 12 2 1 0 36
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 5 0
1.1m-1.2m 9 3 0.1 18
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 59 62 11 0.2 5.7
51k-75k 77 30 5 0.1 15.4
76k-100k 58 8 4 0 43.5
101k-125k 16 7 3 0.1 13.7
126k-150k 25 5 0 30
151k-175k 27 8 0 20.3
176k-200k 31 6 1 0 31
201k-225k 17 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 2 1 0.1 15
326k-350k 3 1 1 0.1 18
351k-375k 2 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 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 6 1 0 36
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
2.5m-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