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 17% 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 13 3 0.7 1.4
151k-175k 7 13 3 0.3 3.2
176k-200k 11 21 2 0.3 3.1
201k-225k 9 22 3 0.4 2.5
226k-250k 21 33 7 0.3 3.8
251k-275k 19 29 6 0.3 3.9
276k-300k 45 43 8 0.2 6.3
301k-325k 40 61 11 0.3 3.9
326k-350k 58 79 11 0.2 4.4
351k-375k 91 75 12 0.1 7.3
376k-400k 127 95 23 0.1 8
401k-425k 70 82 16 0.2 5.1
426k-450k 102 78 16 0.1 7.8
451k-475k 66 61 13 0.2 6.5
476k-500k 93 62 18 0.1 9
501k-550k 122 96 13 0.1 7.6
551k-600k 140 89 17 0.1 9.4
601k-650k 89 84 14 0.2 6.4
651k-700k 83 45 8 0.1 11.1
701k-750k 46 31 5 0.1 8.9
751k-800k 53 33 8 0.1 9.6
801k-850k 31 25 7 0.1 7.4
851k-900k 37 13 7 0.1 17.1
901k-950k 19 17 3 0.1 6.7
951k-1m 29 11 5 0.1 15.8
1m-1.1m 21 13 6 0.1 9.7
1.1m-1.2m 22 19 3 0.1 6.9
1.2m-1.3m 15 15 8 0.2 6
1.3m-1.4m 15 9 0.1 10
1.4m-1.5m 15 12 4 0.1 7.5
1.5m-1.6m 13 6 3 0.1 13
1.6m-1.7m 13 7 0.1 11.1
1.7m-1.8m 5 6 1 0.2 5
1.8m-1.9m 8 3 0.1 16
1.9m-2m 7 2 1 0 21
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 8 4 2 0.1 12
2.5m-2.75m 11 0
2.75m-3m 9 2 1 0 27
3m-3.5m 9 4 0.1 13.5
3.5m-4m 8 1 1 0 48
4m-4.5m 7 1 0 42
4.5m-5m 1 1 0.2 6
5.01m-6m 6 1 0 36
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 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
76k-100k 1 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 9 3 1 0.1 18
176k-200k 9 8 2 0.1 6.8
201k-225k 21 15 1 0.1 8.4
226k-250k 27 19 1 0.1 8.5
251k-275k 22 19 3 0.1 6.9
276k-300k 31 19 1 0.1 9.8
301k-325k 25 10 1 0.1 15
326k-350k 37 16 3 0.1 13.9
351k-375k 17 10 0.1 10.2
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 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
51k-75k 2 2 1 0.2 6
76k-100k 11 7 1 0.1 9.4
101k-125k 23 26 2 0.2 5.3
126k-150k 59 33 7 0.1 10.7
151k-175k 73 47 10 0.1 9.3
176k-200k 128 51 10 0.1 15.1
201k-225k 103 64 14 0.1 9.7
226k-250k 147 51 15 0.1 17.3
251k-275k 97 47 7 0.1 12.4
276k-300k 165 53 11 0.1 18.7
301k-325k 119 46 8 0.1 15.5
326k-350k 134 34 8 0 23.6
351k-375k 74 19 4 0 23.4
376k-400k 87 24 5 0 21.8
401k-425k 40 14 6 0.1 17.1
426k-450k 53 22 10 0.1 14.5
451k-475k 32 18 2 0.1 10.7
476k-500k 22 10 2 0.1 13.2
501k-550k 37 16 4 0.1 13.9
551k-600k 19 7 0.1 16.3
601k-650k 12 1 0 72
651k-700k 13 3 0 26
701k-750k 12 3 1 0 24
751k-800k 5 1 0 30
801k-850k 7 2 0 21
851k-900k 13 3 2 0 26
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 5 0
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 4 1 0 24
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

Land 11% 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 31 5 0.3 3.3
26k-50k 60 58 14 0.2 6.2
51k-75k 77 32 6 0.1 14.4
76k-100k 58 7 2 0 49.7
101k-125k 15 7 4 0.1 12.9
126k-150k 22 6 1 0 22
151k-175k 27 9 3 0.1 18
176k-200k 29 7 3 0 24.9
201k-225k 16 0
226k-250k 17 5 3 0 20.4
251k-275k 16 4 0 24
276k-300k 12 2 0 36
301k-325k 5 1 0 30
326k-350k 5 0
351k-375k 2 1 1 0.1 12
376k-400k 3 0
426k-450k 3 0
451k-475k 2 0
476k-500k 10 3 0.1 20
501k-550k 4 2 0.1 12
551k-600k 8 1 0 48
601k-650k 2 3 0.3 4
651k-700k 3 0
701k-750k 3 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 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 1 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0