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 17% 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 2 2 0.2 6
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 9 1 1.5 0.7
151k-175k 7 14 6 0.3 3
176k-200k 6 23 5 0.6 1.6
201k-225k 9 20 2 0.4 2.7
226k-250k 21 32 5 0.3 3.9
251k-275k 21 33 5 0.3 3.8
276k-300k 32 50 10 0.3 3.8
301k-325k 45 62 6 0.2 4.4
326k-350k 59 88 8 0.2 4
351k-375k 81 71 12 0.1 6.8
376k-400k 113 107 21 0.2 6.3
401k-425k 68 80 8 0.2 5.1
426k-450k 95 89 18 0.2 6.4
451k-475k 64 58 6 0.2 6.6
476k-500k 99 65 17 0.1 9.1
501k-550k 128 108 9 0.1 7.1
551k-600k 129 94 13 0.1 8.2
601k-650k 90 80 16 0.1 6.8
651k-700k 78 47 9 0.1 10
701k-750k 41 36 6 0.1 6.8
751k-800k 46 31 8 0.1 8.9
801k-850k 30 28 10 0.2 6.4
851k-900k 27 9 1 0.1 18
901k-950k 22 17 3 0.1 7.8
951k-1m 33 10 4 0.1 19.8
1m-1.1m 14 13 5 0.2 6.5
1.1m-1.2m 29 18 7 0.1 9.7
1.2m-1.3m 16 10 5 0.1 9.6
1.3m-1.4m 9 9 1 0.2 6
1.4m-1.5m 16 6 3 0.1 16
1.5m-1.6m 12 7 5 0.1 10.3
1.6m-1.7m 10 8 3 0.1 7.5
1.7m-1.8m 3 8 2 0.4 2.3
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 0
2m-2.25m 7 6 1 0.1 7
2.25m-2.5m 9 4 0.1 13.5
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 5 5 4 0.2 6
3.5m-4m 8 0
4m-4.5m 2 1 0.1 12
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
17.01m-18m 1 0.2 0

Townhouses 8% 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
126k-150k 3 4 1 0.2 4.5
151k-175k 6 5 2 0.1 7.2
176k-200k 11 9 0.1 7.3
201k-225k 13 16 2 0.2 4.9
226k-250k 26 18 4 0.1 8.7
251k-275k 19 16 5 0.1 7.1
276k-300k 30 24 3 0.1 7.5
301k-325k 29 12 0.1 14.5
326k-350k 39 19 0.1 12.3
351k-375k 18 11 0.1 9.8
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
426k-450k 3 0
451k-475k 3 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 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
51k-75k 2 0
76k-100k 10 11 2 0.2 5.5
101k-125k 20 24 4 0.2 5
126k-150k 52 35 7 0.1 8.9
151k-175k 67 49 5 0.1 8.2
176k-200k 106 59 10 0.1 10.8
201k-225k 109 62 10 0.1 10.5
226k-250k 129 49 11 0.1 15.8
251k-275k 94 49 9 0.1 11.5
276k-300k 144 47 5 0.1 18.4
301k-325k 110 43 7 0.1 15.3
326k-350k 117 28 2 0 25.1
351k-375k 72 20 3 0 21.6
376k-400k 83 24 6 0 20.8
401k-425k 35 11 5 0.1 19.1
426k-450k 49 18 4 0.1 16.3
451k-475k 31 19 4 0.1 9.8
476k-500k 28 11 4 0.1 15.3
501k-550k 34 18 3 0.1 11.3
551k-600k 16 7 1 0.1 13.7
601k-650k 11 2 1 0 33
651k-700k 11 2 0 33
701k-750k 10 3 1 0.1 20
751k-800k 7 0
801k-850k 4 3 0.1 8
851k-900k 12 1 0 72
901k-950k 3 0
951k-1m 4 1 1 0 24
1m-1.1m 1 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 3 0
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 9% 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 16 31 5 0.3 3.1
26k-50k 56 58 16 0.2 5.8
51k-75k 73 37 13 0.1 11.8
76k-100k 54 7 1 0 46.3
101k-125k 12 6 1 0.1 12
126k-150k 30 6 0 30
151k-175k 22 7 1 0.1 18.9
176k-200k 27 5 1 0 32.4
201k-225k 20 2 1 0 60
226k-250k 17 3 0 34
251k-275k 16 4 1 0 24
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 3 0
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 10 2 0 30
601k-650k 5 3 0.1 10
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 4 0
1.1m-1.2m 4 1 0 24
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 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 2 0
11.01m-12m 1 0