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
126k-150k 2 1 0.3 0
176k-200k 1 6 2 1 1
201k-225k 1 5 1 0.8 1.2
226k-250k 3 3 0.2 6
251k-275k 7 15 4 0.4 2.8
276k-300k 12 18 3 0.3 4
301k-325k 10 30 3 0.5 2
326k-350k 19 52 11 0.5 2.2
351k-375k 30 87 11 0.5 2.1
376k-400k 96 156 25 0.3 3.7
401k-425k 92 134 23 0.2 4.1
426k-450k 82 120 15 0.2 4.1
451k-475k 64 76 17 0.2 5.1
476k-500k 69 58 12 0.1 7.1
501k-550k 77 64 12 0.1 7.2
551k-600k 81 52 5 0.1 9.3
601k-650k 39 36 3 0.2 6.5
651k-700k 32 24 2 0.1 8
701k-750k 16 19 4 0.2 5.1
751k-800k 14 9 1 0.1 9.3
801k-850k 12 14 1 0.2 5.1
851k-900k 7 5 0.1 8.4
901k-950k 3 4 0.2 4.5
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 6 2 2 0.1 18
1.2m-1.3m 1 3 0.5 2
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 4 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
4.5m-5m 2 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
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 4 0.7 1.5
276k-300k 4 7 0.3 3.4
301k-325k 24 63 10 0.4 2.3
326k-350k 48 104 17 0.4 2.8
351k-375k 29 46 6 0.3 3.8
376k-400k 15 24 3 0.3 3.8
401k-425k 6 8 3 0.2 4.5
426k-450k 1 2 0.3 3

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
101k-125k 1 0.2 0
126k-150k 5 0
151k-175k 3 1 0.1 18
226k-250k 3 1 0.1 18
251k-275k 1 1 1 0.2 6
426k-450k 1 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
1k-25k 35 7 1 0 30
26k-50k 59 7 4 0 50.6
51k-75k 11 5 0.1 13.2
76k-100k 6 6 2 0.2 6
101k-125k 2 4 1 0.3 3
126k-150k 13 4 0.1 19.5
151k-175k 3 2 0.1 9
176k-200k 6 1 0 36
201k-225k 7 1 0 42
226k-250k 5 2 0.1 15
251k-275k 2 1 0.1 12
276k-300k 7 1 0 42
301k-325k 2 1 1 0.1 12
326k-350k 2 2 0.2 6
351k-375k 1 0.2 0
376k-400k 2 2 0.2 6
401k-425k 1 1 0.2 6
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 1 1 0.2 6
501k-550k 3 3 0.2 6
551k-600k 4 0
601k-650k 4 0
651k-700k 1 2 0.3 3
701k-750k 1 0.2 0
751k-800k 2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 2 1 1 0.1 12
1m-1.1m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
5.01m-6m 1 0