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 3 0.4 2.6
226k-250k 19 33 8 0.3 3.5
251k-275k 20 30 6 0.3 4
276k-300k 41 47 7 0.2 5.2
301k-325k 48 61 6 0.2 4.7
326k-350k 57 82 9 0.2 4.2
351k-375k 87 74 13 0.1 7.1
376k-400k 119 104 25 0.1 6.9
401k-425k 67 82 15 0.2 4.9
426k-450k 104 88 16 0.1 7.1
451k-475k 65 60 12 0.2 6.5
476k-500k 99 67 16 0.1 8.9
501k-550k 126 97 11 0.1 7.8
551k-600k 141 91 12 0.1 9.3
601k-650k 87 82 11 0.2 6.4
651k-700k 79 45 9 0.1 10.5
701k-750k 48 36 8 0.1 8
751k-800k 52 31 8 0.1 10.1
801k-850k 31 30 9 0.2 6.2
851k-900k 29 12 5 0.1 14.5
901k-950k 19 17 3 0.1 6.7
951k-1m 31 13 5 0.1 14.3
1m-1.1m 19 13 6 0.1 8.8
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 8 2 0.3 3.8
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 3 1 0.1 20
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 30 10 0.1 18
326k-350k 39 19 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 34 8 0.1 9.7
151k-175k 68 54 9 0.1 7.6
176k-200k 116 56 10 0.1 12.4
201k-225k 107 63 11 0.1 10.2
226k-250k 137 55 17 0.1 14.9
251k-275k 102 48 7 0.1 12.8
276k-300k 157 51 8 0.1 18.5
301k-325k 111 48 9 0.1 13.9
326k-350k 123 33 7 0 22.4
351k-375k 78 18 4 0 26
376k-400k 86 22 8 0 23.5
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 26 10 4 0.1 15.6
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

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 31 3 0.3 3.9
26k-50k 54 61 20 0.2 5.3
51k-75k 77 32 8 0.1 14.4
76k-100k 54 8 2 0 40.5
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 18 3 1 0 36
251k-275k 16 4 0 24
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