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 2 8 0.7 1.5
126k-150k 2 13 2 1.1 0.9
151k-175k 8 14 3 0.3 3.4
176k-200k 13 24 3 0.3 3.3
201k-225k 9 18 1 0.3 3
226k-250k 26 26 1 0.2 6
251k-275k 28 29 4 0.2 5.8
276k-300k 45 53 14 0.2 5.1
301k-325k 51 52 7 0.2 5.9
326k-350k 79 74 11 0.2 6.4
351k-375k 93 81 15 0.1 6.9
376k-400k 140 84 12 0.1 10
401k-425k 78 80 10 0.2 5.9
426k-450k 125 63 10 0.1 11.9
451k-475k 80 46 5 0.1 10.4
476k-500k 103 60 12 0.1 10.3
501k-550k 149 88 9 0.1 10.2
551k-600k 136 85 15 0.1 9.6
601k-650k 94 73 10 0.1 7.7
651k-700k 103 42 10 0.1 14.7
701k-750k 63 30 3 0.1 12.6
751k-800k 49 35 6 0.1 8.4
801k-850k 39 24 3 0.1 9.8
851k-900k 41 13 4 0.1 18.9
901k-950k 23 18 2 0.1 7.7
951k-1m 27 10 3 0.1 16.2
1m-1.1m 21 11 2 0.1 11.5
1.1m-1.2m 25 18 3 0.1 8.3
1.2m-1.3m 18 18 2 0.2 6
1.3m-1.4m 16 6 3 0.1 16
1.4m-1.5m 13 15 2 0.2 5.2
1.5m-1.6m 15 10 2 0.1 9
1.6m-1.7m 12 5 1 0.1 14.4
1.7m-1.8m 9 4 0.1 13.5
1.8m-1.9m 8 3 2 0.1 16
1.9m-2m 7 1 0 42
2m-2.25m 7 4 1 0.1 10.5
2.25m-2.5m 10 3 1 0.1 20
2.5m-2.75m 16 2 1 0 48
2.75m-3m 9 2 1 0 27
3m-3.5m 8 3 0.1 16
3.5m-4m 10 2 1 0 30
4m-4.5m 6 3 2 0.1 12
4.5m-5m 7 0
5.01m-6m 4 2 2 0.1 12
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 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 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 29 12 0.1 14.5
226k-250k 34 13 0.1 15.7
251k-275k 27 16 2 0.1 10.1
276k-300k 40 22 4 0.1 10.9
301k-325k 22 9 0.1 14.7
326k-350k 30 12 1 0.1 15
351k-375k 16 9 1 0.1 10.7
376k-400k 13 2 0 39
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 5 0
476k-500k 2 0
501k-550k 2 0
601k-650k 1 0
751k-800k 1 0.2 0
801k-850k 1 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 4 2 0.1 12
76k-100k 12 7 2 0.1 10.3
101k-125k 32 25 2 0.1 7.7
126k-150k 68 33 3 0.1 12.4
151k-175k 73 50 7 0.1 8.8
176k-200k 124 53 7 0.1 14
201k-225k 116 56 5 0.1 12.4
226k-250k 147 49 11 0.1 18
251k-275k 113 40 1 0.1 17
276k-300k 197 56 12 0 21.1
301k-325k 128 48 8 0.1 16
326k-350k 149 34 2 0 26.3
351k-375k 73 18 6 0 24.3
376k-400k 96 30 8 0.1 19.2
401k-425k 45 14 2 0.1 19.3
426k-450k 48 23 4 0.1 12.5
451k-475k 27 21 6 0.1 7.7
476k-500k 29 9 0.1 19.3
501k-550k 42 15 2 0.1 16.8
551k-600k 18 8 4 0.1 13.5
601k-650k 12 2 1 0 36
651k-700k 14 3 1 0 28
701k-750k 15 4 1 0 22.5
751k-800k 11 1 0 66
801k-850k 8 3 1 0.1 16
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 5 2 1 0.1 15
1m-1.1m 5 0
1.1m-1.2m 9 3 0.1 18
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
2.25m-2.5m 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 17 29 2 0.3 3.5
26k-50k 76 65 11 0.1 7
51k-75k 66 38 11 0.1 10.4
76k-100k 56 6 2 0 56
101k-125k 17 6 0.1 17
126k-150k 24 8 3 0.1 18
151k-175k 28 9 1 0.1 18.7
176k-200k 33 5 2 0 39.6
201k-225k 19 2 0 57
226k-250k 22 2 0 66
251k-275k 14 2 0 42
276k-300k 14 1 0 84
301k-325k 7 1 0 42
326k-350k 4 1 1 0 24
351k-375k 2 1 0.1 12
376k-400k 2 0
426k-450k 3 0
451k-475k 3 0
476k-500k 11 3 1 0 22
501k-550k 4 2 0.1 12
551k-600k 9 1 0 54
601k-650k 1 2 0.3 3
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 2 0
1.1m-1.2m 4 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