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 0% 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
26k-50k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 1 5 0.8 1.2
101k-125k 3 10 3 0.6 1.8
126k-150k 2 20 5 1.7 0.6
151k-175k 8 32 3 0.7 1.5
176k-200k 33 51 7 0.3 3.9
201k-225k 44 68 10 0.3 3.9
226k-250k 62 90 10 0.2 4.1
251k-275k 76 83 15 0.2 5.5
276k-300k 135 124 18 0.2 6.5
301k-325k 143 171 36 0.2 5
326k-350k 225 142 23 0.1 9.5
351k-375k 115 86 15 0.1 8
376k-400k 164 95 10 0.1 10.4
401k-425k 71 49 10 0.1 8.7
426k-450k 65 30 6 0.1 13
451k-475k 49 29 5 0.1 10.1
476k-500k 60 27 4 0.1 13.3
501k-550k 69 22 1 0.1 18.8
551k-600k 57 34 2 0.1 10.1
601k-650k 39 11 1 0 21.3
651k-700k 28 12 2 0.1 14
701k-750k 21 10 1 0.1 12.6
751k-800k 27 17 2 0.1 9.5
801k-850k 14 4 1 0 21
851k-900k 22 6 1 0 22
901k-950k 12 1 0 72
951k-1m 19 5 1 0 22.8
1m-1.1m 8 0
1.1m-1.2m 9 6 1 0.1 9
1.2m-1.3m 11 8 1 0.1 8.3
1.3m-1.4m 3 0
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 6 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0

Townhouses 0% 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
151k-175k 1 1 0.2 6

Condos 0% 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 3 4 1 0.2 4.5
76k-100k 5 11 4 0.4 2.7
101k-125k 11 10 1 0.2 6.6
126k-150k 34 23 5 0.1 8.9
151k-175k 19 13 1 0.1 8.8
176k-200k 16 8 1 0.1 12
201k-225k 9 3 0.1 18
226k-250k 6 14 1 0.4 2.6
251k-275k 6 7 1 0.2 5.1
276k-300k 10 2 0 30
301k-325k 3 1 0.1 18
326k-350k 3 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0

Land 0% 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
-24,000-0 4 0
1k-25k 1263 682 96 0.1 11.1
26k-50k 1163 170 15 0 41
51k-75k 237 39 1 0 36.5
76k-100k 160 30 3 0 32
101k-125k 101 11 0 55.1
126k-150k 52 7 0 44.6
151k-175k 53 6 0 53
176k-200k 37 3 0 74
201k-225k 26 3 0 52
226k-250k 12 4 0.1 18
251k-275k 9 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 5 1 0 30
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0