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 1.2 0
126k-150k 1 11 3 1.8 0.5
151k-175k 7 12 3 0.3 3.5
176k-200k 11 22 3 0.3 3
201k-225k 10 21 3 0.4 2.9
226k-250k 18 33 8 0.3 3.3
251k-275k 21 31 6 0.2 4.1
276k-300k 40 47 8 0.2 5.1
301k-325k 47 61 6 0.2 4.6
326k-350k 59 84 9 0.2 4.2
351k-375k 86 74 13 0.1 7
376k-400k 117 104 24 0.1 6.8
401k-425k 68 82 15 0.2 5
426k-450k 102 87 15 0.1 7
451k-475k 64 60 12 0.2 6.4
476k-500k 98 67 17 0.1 8.8
501k-550k 126 97 12 0.1 7.8
551k-600k 137 92 12 0.1 8.9
601k-650k 87 81 10 0.2 6.4
651k-700k 80 45 9 0.1 10.7
701k-750k 46 36 8 0.1 7.7
751k-800k 51 31 8 0.1 9.9
801k-850k 29 30 9 0.2 5.8
851k-900k 28 13 6 0.1 12.9
901k-950k 18 18 3 0.2 6
951k-1m 31 12 4 0.1 15.5
1m-1.1m 19 13 6 0.1 8.8
1.1m-1.2m 25 18 4 0.1 8.3
1.2m-1.3m 17 11 3 0.1 9.3
1.3m-1.4m 12 8 0.1 9
1.4m-1.5m 18 8 2 0.1 13.5
1.5m-1.6m 14 6 2 0.1 14
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 4 0.1 15
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 9 5 1 0.1 10.8
3.5m-4m 7 1 1 0 42
4m-4.5m 6 1 0 36
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 17 16 2 0.2 6.4
226k-250k 27 17 2 0.1 9.5
251k-275k 19 17 3 0.1 6.7
276k-300k 31 21 3 0.1 8.9
301k-325k 30 10 0.1 18
326k-350k 39 19 2 0.1 12.3
351k-375k 16 11 0.1 8.7
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 2 1 1 0.1 12
76k-100k 12 10 0.1 7.2
101k-125k 21 26 5 0.2 4.8
126k-150k 55 34 8 0.1 9.7
151k-175k 70 52 8 0.1 8.1
176k-200k 115 58 10 0.1 11.9
201k-225k 109 62 9 0.1 10.5
226k-250k 137 55 17 0.1 14.9
251k-275k 102 48 7 0.1 12.8
276k-300k 155 52 8 0.1 17.9
301k-325k 111 48 9 0.1 13.9
326k-350k 123 33 7 0 22.4
351k-375k 77 18 4 0 25.7
376k-400k 87 22 8 0 23.7
401k-425k 40 14 5 0.1 17.1
426k-450k 48 21 8 0.1 13.7
451k-475k 29 20 4 0.1 8.7
476k-500k 25 10 5 0.1 15
501k-550k 37 18 3 0.1 12.3
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 8 3 0.1 16
1.2m-1.3m 3 1 0.1 18
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 19 31 4 0.3 3.7
26k-50k 54 60 21 0.2 5.4
51k-75k 77 32 8 0.1 14.4
76k-100k 55 7 1 0 47.1
101k-125k 13 9 4 0.1 8.7
126k-150k 28 5 0 33.6
151k-175k 26 10 5 0.1 15.6
176k-200k 26 6 3 0 26
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