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 3 11 3 0.6 1.6
151k-175k 7 12 3 0.3 3.5
176k-200k 11 22 3 0.3 3
201k-225k 9 21 2 0.4 2.6
226k-250k 19 33 8 0.3 3.5
251k-275k 19 30 6 0.3 3.8
276k-300k 40 44 7 0.2 5.5
301k-325k 49 59 5 0.2 5
326k-350k 57 81 9 0.2 4.2
351k-375k 87 72 13 0.1 7.3
376k-400k 118 101 23 0.1 7
401k-425k 65 79 14 0.2 4.9
426k-450k 103 86 16 0.1 7.2
451k-475k 65 58 11 0.1 6.7
476k-500k 99 67 16 0.1 8.9
501k-550k 125 97 11 0.1 7.7
551k-600k 141 88 11 0.1 9.6
601k-650k 87 81 11 0.2 6.4
651k-700k 81 44 9 0.1 11
701k-750k 46 35 7 0.1 7.9
751k-800k 53 31 8 0.1 10.3
801k-850k 30 30 9 0.2 6
851k-900k 28 13 6 0.1 12.9
901k-950k 18 16 3 0.1 6.8
951k-1m 31 13 5 0.1 14.3
1m-1.1m 19 12 6 0.1 9.5
1.1m-1.2m 23 20 5 0.1 6.9
1.2m-1.3m 17 11 2 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 13 6 1 0.1 13
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 1 0 48
2m-2.25m 9 4 0.1 13.5
2.25m-2.5m 5 4 2 0.1 7.5
2.5m-2.75m 12 0
2.75m-3m 10 2 1 0 30
3m-3.5m 9 4 0.1 13.5
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 3 4 0.2 4.5
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 26 17 2 0.1 9.2
251k-275k 20 17 3 0.1 7.1
276k-300k 31 21 3 0.1 8.9
301k-325k 29 10 0.1 17.4
326k-350k 37 18 2 0.1 12.3
351k-375k 17 11 0.1 9.3
376k-400k 13 1 0 78
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 33 7 0.1 10
151k-175k 68 53 8 0.1 7.7
176k-200k 117 55 10 0.1 12.8
201k-225k 106 62 11 0.1 10.3
226k-250k 137 53 17 0.1 15.5
251k-275k 101 47 7 0.1 12.9
276k-300k 156 51 8 0.1 18.4
301k-325k 110 47 9 0.1 14
326k-350k 120 33 7 0 21.8
351k-375k 76 17 4 0 26.8
376k-400k 86 22 7 0 23.5
401k-425k 40 14 5 0.1 17.1
426k-450k 48 21 8 0.1 13.7
451k-475k 29 19 4 0.1 9.2
476k-500k 25 10 4 0.1 15
501k-550k 37 17 3 0.1 13.1
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

Land 12% 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 20 30 3 0.3 4
26k-50k 54 61 19 0.2 5.3
51k-75k 76 32 8 0.1 14.3
76k-100k 50 8 2 0 37.5
101k-125k 12 9 4 0.1 8
126k-150k 24 5 0 28.8
151k-175k 26 10 5 0.1 15.6
176k-200k 24 6 3 0 24
201k-225k 20 2 1 0 60
226k-250k 17 3 1 0 34
251k-275k 16 4 0 24
276k-300k 7 3 0.1 14
301k-325k 5 1 0 30
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 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