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 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 10 3 1.7 0.6
151k-175k 8 13 4 0.3 3.7
176k-200k 10 22 5 0.4 2.7
201k-225k 9 20 3 0.4 2.7
226k-250k 18 32 8 0.3 3.4
251k-275k 21 32 6 0.3 3.9
276k-300k 39 48 10 0.2 4.9
301k-325k 47 59 5 0.2 4.8
326k-350k 61 85 10 0.2 4.3
351k-375k 85 74 12 0.1 6.9
376k-400k 119 104 25 0.1 6.9
401k-425k 68 85 15 0.2 4.8
426k-450k 100 88 17 0.1 6.8
451k-475k 63 62 13 0.2 6.1
476k-500k 97 67 20 0.1 8.7
501k-550k 128 96 10 0.1 8
551k-600k 136 92 11 0.1 8.9
601k-650k 87 79 10 0.2 6.6
651k-700k 78 45 10 0.1 10.4
701k-750k 47 36 8 0.1 7.8
751k-800k 50 32 8 0.1 9.4
801k-850k 30 29 8 0.2 6.2
851k-900k 29 12 5 0.1 14.5
901k-950k 19 17 2 0.1 6.7
951k-1m 31 12 5 0.1 15.5
1m-1.1m 18 13 6 0.1 8.3
1.1m-1.2m 26 18 5 0.1 8.7
1.2m-1.3m 16 11 4 0.1 8.7
1.3m-1.4m 12 8 1 0.1 9
1.4m-1.5m 17 8 2 0.1 12.8
1.5m-1.6m 15 5 2 0.1 18
1.6m-1.7m 11 6 1 0.1 11
1.7m-1.8m 5 9 2 0.3 3.3
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 5 4 2 0.1 7.5
2.5m-2.75m 10 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 2 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 0.3 3
151k-175k 7 4 2 0.1 10.5
176k-200k 10 11 2 0.2 5.5
201k-225k 16 16 2 0.2 6
226k-250k 27 17 2 0.1 9.5
251k-275k 19 17 3 0.1 6.7
276k-300k 30 21 3 0.1 8.6
301k-325k 31 11 0.1 16.9
326k-350k 39 20 2 0.1 11.7
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
401k-425k 3 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 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
51k-75k 1 1 1 0.2 6
76k-100k 11 12 3 0.2 5.5
101k-125k 20 26 5 0.2 4.6
126k-150k 56 35 9 0.1 9.6
151k-175k 71 52 9 0.1 8.2
176k-200k 113 59 9 0.1 11.5
201k-225k 109 62 10 0.1 10.5
226k-250k 137 54 16 0.1 15.2
251k-275k 100 49 8 0.1 12.2
276k-300k 156 52 8 0.1 18
301k-325k 109 47 10 0.1 13.9
326k-350k 125 32 6 0 23.4
351k-375k 77 17 3 0 27.2
376k-400k 86 23 8 0 22.4
401k-425k 41 14 5 0.1 17.6
426k-450k 48 21 7 0.1 13.7
451k-475k 30 18 3 0.1 10
476k-500k 24 12 6 0.1 12
501k-550k 37 19 3 0.1 11.7
551k-600k 19 7 0.1 16.3
601k-650k 12 1 0 72
651k-700k 12 2 0 36
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 13 2 1 0 39
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 4 1 0 24
1.3m-1.4m 7 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 11% 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 4 0.3 3.5
26k-50k 54 60 20 0.2 5.4
51k-75k 77 32 8 0.1 14.4
76k-100k 54 7 1 0 46.3
101k-125k 16 6 1 0.1 16
126k-150k 28 6 0 28
151k-175k 25 10 5 0.1 15
176k-200k 26 5 2 0 31.2
201k-225k 21 2 1 0 63
226k-250k 16 3 1 0 32
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 1 1 0.2 6
1.6m-1.7m 1 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 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