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 8 1.3 0
126k-150k 2 12 1 1 1
151k-175k 10 12 1 0.2 5
176k-200k 12 23 4 0.3 3.1
201k-225k 9 17 1 0.3 3.2
226k-250k 23 31 4 0.2 4.5
251k-275k 21 28 4 0.2 4.5
276k-300k 40 47 11 0.2 5.1
301k-325k 47 55 8 0.2 5.1
326k-350k 70 77 12 0.2 5.5
351k-375k 87 78 12 0.1 6.7
376k-400k 141 85 9 0.1 10
401k-425k 68 80 11 0.2 5.1
426k-450k 115 67 8 0.1 10.3
451k-475k 79 46 6 0.1 10.3
476k-500k 96 63 12 0.1 9.1
501k-550k 136 94 11 0.1 8.7
551k-600k 131 83 14 0.1 9.5
601k-650k 88 76 10 0.1 6.9
651k-700k 96 42 8 0.1 13.7
701k-750k 51 31 4 0.1 9.9
751k-800k 50 34 4 0.1 8.8
801k-850k 34 25 3 0.1 8.2
851k-900k 37 14 5 0.1 15.9
901k-950k 23 16 2 0.1 8.6
951k-1m 28 10 3 0.1 16.8
1m-1.1m 23 11 2 0.1 12.5
1.1m-1.2m 24 18 4 0.1 8
1.2m-1.3m 18 18 6 0.2 6
1.3m-1.4m 16 7 3 0.1 13.7
1.4m-1.5m 15 14 2 0.2 6.4
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 6 1 0.1 14
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 10 2 1 0 30
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 10 5 2 0.1 12
2.5m-2.75m 13 2 1 0 39
2.75m-3m 10 2 1 0 30
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 6 0
5.01m-6m 5 2 1 0.1 15
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 0
15.01m-16m 1 0

Townhouses 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
76k-100k 1 1 0.2 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 9 4 1 0.1 13.5
176k-200k 10 6 1 0.1 10
201k-225k 25 11 0.1 13.6
226k-250k 29 14 1 0.1 12.4
251k-275k 28 16 2 0.1 10.5
276k-300k 33 22 6 0.1 9
301k-325k 21 9 1 0.1 14
326k-350k 29 13 3 0.1 13.4
351k-375k 16 9 1 0.1 10.7
376k-400k 14 2 1 0 42
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 3 0
476k-500k 2 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 7% 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 3 1 0.3 4
76k-100k 9 9 4 0.2 6
101k-125k 30 24 0.1 7.5
126k-150k 59 36 6 0.1 9.8
151k-175k 71 45 5 0.1 9.5
176k-200k 120 52 8 0.1 13.8
201k-225k 110 58 4 0.1 11.4
226k-250k 149 44 6 0 20.3
251k-275k 102 44 3 0.1 13.9
276k-300k 185 52 9 0 21.3
301k-325k 124 48 10 0.1 15.5
326k-350k 144 35 6 0 24.7
351k-375k 73 14 2 0 31.3
376k-400k 89 29 8 0.1 18.4
401k-425k 45 12 2 0 22.5
426k-450k 48 24 5 0.1 12
451k-475k 27 20 5 0.1 8.1
476k-500k 24 9 0.1 16
501k-550k 36 16 2 0.1 13.5
551k-600k 21 6 2 0 21
601k-650k 12 2 1 0 36
651k-700k 12 4 1 0.1 18
701k-750k 14 3 1 0 28
751k-800k 8 1 0 48
801k-850k 9 4 1 0.1 13.5
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 4 2 1 0.1 12
1m-1.1m 4 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 2 1 0.1 12
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 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
1k-25k 16 29 3 0.3 3.3
26k-50k 53 66 15 0.2 4.8
51k-75k 71 34 9 0.1 12.5
76k-100k 56 7 3 0 48
101k-125k 15 7 0.1 12.9
126k-150k 25 6 1 0 25
151k-175k 27 6 0 27
176k-200k 33 5 0 39.6
201k-225k 17 2 0 51
226k-250k 21 3 1 0 42
251k-275k 14 3 0 28
276k-300k 12 1 0 72
301k-325k 6 2 1 0.1 18
326k-350k 4 1 1 0 24
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 5 2 0.1 15
551k-600k 8 1 0 48
601k-650k 2 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 1 0 30
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 0
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
2.75m-3m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0