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 15% 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
101k-125k 8 1.3 0
126k-150k 2 12 1 1 1
151k-175k 10 12 1 0.2 5
176k-200k 12 24 5 0.3 3
201k-225k 9 18 0.3 3
226k-250k 23 30 3 0.2 4.6
251k-275k 22 28 4 0.2 4.7
276k-300k 43 49 11 0.2 5.3
301k-325k 45 53 7 0.2 5.1
326k-350k 74 75 10 0.2 5.9
351k-375k 90 80 14 0.1 6.8
376k-400k 139 86 9 0.1 9.7
401k-425k 73 80 12 0.2 5.5
426k-450k 119 68 9 0.1 10.5
451k-475k 78 47 6 0.1 10
476k-500k 97 61 12 0.1 9.5
501k-550k 138 95 13 0.1 8.7
551k-600k 127 83 14 0.1 9.2
601k-650k 88 76 11 0.1 6.9
651k-700k 100 41 9 0.1 14.6
701k-750k 55 31 3 0.1 10.6
751k-800k 49 35 5 0.1 8.4
801k-850k 38 25 3 0.1 9.1
851k-900k 37 14 5 0.1 15.9
901k-950k 23 16 2 0.1 8.6
951k-1m 27 10 3 0.1 16.2
1m-1.1m 23 11 2 0.1 12.5
1.1m-1.2m 26 16 3 0.1 9.8
1.2m-1.3m 17 18 5 0.2 5.7
1.3m-1.4m 16 7 3 0.1 13.7
1.4m-1.5m 15 14 2 0.2 6.4
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 6 1 0.1 14
1.7m-1.8m 7 7 2 0.2 6
1.8m-1.9m 8 3 2 0.1 16
1.9m-2m 7 1 0 42
2m-2.25m 8 3 1 0.1 16
2.25m-2.5m 10 4 2 0.1 15
2.5m-2.75m 13 2 1 0 39
2.75m-3m 10 2 1 0 30
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 0 54
4m-4.5m 7 3 2 0.1 14
4.5m-5m 6 0
5.01m-6m 5 2 1 0.1 15
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 0
15.01m-16m 1 0

Townhouses 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
76k-100k 1 1 0.2 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 10 4 1 0.1 15
176k-200k 9 6 1 0.1 9
201k-225k 25 11 0.1 13.6
226k-250k 31 14 1 0.1 13.3
251k-275k 27 16 2 0.1 10.1
276k-300k 36 22 5 0.1 9.8
301k-325k 21 9 1 0.1 14
326k-350k 29 13 2 0.1 13.4
351k-375k 15 9 1 0.1 10
376k-400k 14 2 1 0 42
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 3 0
476k-500k 2 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 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
51k-75k 2 3 1 0.3 4
76k-100k 10 8 4 0.1 7.5
101k-125k 29 24 1 0.1 7.3
126k-150k 59 35 5 0.1 10.1
151k-175k 74 46 6 0.1 9.7
176k-200k 122 53 8 0.1 13.8
201k-225k 113 57 4 0.1 11.9
226k-250k 146 47 9 0.1 18.6
251k-275k 106 44 1 0.1 14.5
276k-300k 188 52 10 0 21.7
301k-325k 127 48 9 0.1 15.9
326k-350k 144 36 6 0 24
351k-375k 75 15 3 0 30
376k-400k 92 29 8 0.1 19
401k-425k 43 12 2 0 21.5
426k-450k 47 24 5 0.1 11.8
451k-475k 27 20 5 0.1 8.1
476k-500k 26 9 0.1 17.3
501k-550k 36 16 2 0.1 13.5
551k-600k 21 6 2 0 21
601k-650k 12 2 1 0 36
651k-700k 12 3 1 0 24
701k-750k 14 4 2 0 21
751k-800k 9 1 0 54
801k-850k 9 4 1 0.1 13.5
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 4 2 1 0.1 12
1m-1.1m 4 0
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 2 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
5.01m-6m 1 0

Land 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
1k-25k 16 29 2 0.3 3.3
26k-50k 53 65 15 0.2 4.9
51k-75k 70 35 10 0.1 12
76k-100k 57 7 3 0 48.9
101k-125k 16 7 0.1 13.7
126k-150k 23 7 2 0.1 19.7
151k-175k 27 7 0 23.1
176k-200k 32 5 1 0 38.4
201k-225k 18 2 0 54
226k-250k 20 3 1 0 40
251k-275k 14 3 0 28
276k-300k 11 1 0 66
301k-325k 7 1 0 42
326k-350k 4 1 1 0 24
351k-375k 2 1 0.1 12
376k-400k 3 0
426k-450k 3 0
451k-475k 3 0
476k-500k 10 2 0 30
501k-550k 5 2 0.1 15
551k-600k 9 1 0 54
601k-650k 2 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 1 0 30
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
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 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
2.75m-3m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0