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
101k-125k 7 1.2 0
126k-150k 3 12 1 0.7 1.5
151k-175k 10 11 1 0.2 5.5
176k-200k 10 23 4 0.4 2.6
201k-225k 8 20 3 0.4 2.4
226k-250k 23 33 4 0.2 4.2
251k-275k 20 29 6 0.2 4.1
276k-300k 43 48 11 0.2 5.4
301k-325k 47 55 10 0.2 5.1
326k-350k 66 80 13 0.2 5
351k-375k 83 79 16 0.2 6.3
376k-400k 129 90 12 0.1 8.6
401k-425k 71 81 13 0.2 5.3
426k-450k 105 72 10 0.1 8.8
451k-475k 74 44 5 0.1 10.1
476k-500k 102 63 12 0.1 9.7
501k-550k 127 95 14 0.1 8
551k-600k 133 86 14 0.1 9.3
601k-650k 97 75 11 0.1 7.8
651k-700k 84 43 9 0.1 11.7
701k-750k 54 28 4 0.1 11.6
751k-800k 51 35 6 0.1 8.7
801k-850k 32 23 3 0.1 8.3
851k-900k 37 14 7 0.1 15.9
901k-950k 22 16 2 0.1 8.3
951k-1m 27 13 5 0.1 12.5
1m-1.1m 20 11 2 0.1 10.9
1.1m-1.2m 20 18 4 0.2 6.7
1.2m-1.3m 16 16 7 0.2 6
1.3m-1.4m 16 8 1 0.1 12
1.4m-1.5m 18 14 5 0.1 7.7
1.5m-1.6m 12 8 2 0.1 9
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 32 14 3 0.1 13.7
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 60 35 6 0.1 10.3
151k-175k 70 46 7 0.1 9.1
176k-200k 121 54 10 0.1 13.4
201k-225k 108 60 8 0.1 10.8
226k-250k 148 46 7 0.1 19.3
251k-275k 101 45 5 0.1 13.5
276k-300k 175 53 13 0.1 19.8
301k-325k 118 45 6 0.1 15.7
326k-350k 138 35 6 0 23.7
351k-375k 70 17 2 0 24.7
376k-400k 95 24 5 0 23.8
401k-425k 41 15 3 0.1 16.4
426k-450k 54 22 6 0.1 14.7
451k-475k 28 23 6 0.1 7.3
476k-500k 25 8 1 0.1 18.8
501k-550k 39 18 3 0.1 13
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
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 60 63 12 0.2 5.7
51k-75k 75 30 5 0.1 15
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