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 1.2 0
126k-150k 1 8 1 1.3 0.8
151k-175k 8 15 5 0.3 3.2
176k-200k 9 22 5 0.4 2.5
201k-225k 10 21 4 0.4 2.9
226k-250k 17 32 8 0.3 3.2
251k-275k 22 30 5 0.2 4.4
276k-300k 40 49 11 0.2 4.9
301k-325k 46 60 5 0.2 4.6
326k-350k 60 85 10 0.2 4.2
351k-375k 82 75 14 0.2 6.6
376k-400k 116 105 26 0.2 6.6
401k-425k 69 87 16 0.2 4.8
426k-450k 99 86 14 0.1 6.9
451k-475k 64 59 10 0.2 6.5
476k-500k 101 66 19 0.1 9.2
501k-550k 131 98 10 0.1 8
551k-600k 129 94 13 0.1 8.2
601k-650k 89 78 12 0.1 6.8
651k-700k 80 45 9 0.1 10.7
701k-750k 46 37 8 0.1 7.5
751k-800k 50 31 7 0.1 9.7
801k-850k 32 28 8 0.1 6.9
851k-900k 29 11 4 0.1 15.8
901k-950k 20 16 2 0.1 7.5
951k-1m 32 13 5 0.1 14.8
1m-1.1m 18 11 5 0.1 9.8
1.1m-1.2m 25 17 4 0.1 8.8
1.2m-1.3m 17 10 4 0.1 10.2
1.3m-1.4m 11 8 1 0.1 8.3
1.4m-1.5m 17 6 1 0.1 17
1.5m-1.6m 14 7 5 0.1 12
1.6m-1.7m 10 7 1 0.1 8.6
1.7m-1.8m 5 8 2 0.3 3.8
1.8m-1.9m 8 3 0.1 16
1.9m-2m 8 1 0 48
2m-2.25m 10 5 0.1 12
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 10 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 3 0.1 9.6
3.5m-4m 7 1 1 0 42
4m-4.5m 5 1 0 30
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 2 4 1 0.3 3
151k-175k 6 4 2 0.1 9
176k-200k 10 11 2 0.2 5.5
201k-225k 15 17 2 0.2 5.3
226k-250k 29 17 2 0.1 10.2
251k-275k 20 16 3 0.1 7.5
276k-300k 29 23 4 0.1 7.6
301k-325k 31 11 0.1 16.9
326k-350k 40 18 0.1 13.3
351k-375k 16 11 0.1 8.7
376k-400k 15 1 0 90
401k-425k 3 1 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 1 1 1 0.2 6
76k-100k 10 12 3 0.2 5
101k-125k 20 26 5 0.2 4.6
126k-150k 56 38 10 0.1 8.8
151k-175k 72 52 9 0.1 8.3
176k-200k 110 60 8 0.1 11
201k-225k 108 63 12 0.1 10.3
226k-250k 136 52 14 0.1 15.7
251k-275k 97 48 8 0.1 12.1
276k-300k 155 50 6 0.1 18.6
301k-325k 112 45 8 0.1 14.9
326k-350k 119 30 5 0 23.8
351k-375k 78 18 3 0 26
376k-400k 88 24 7 0 22
401k-425k 43 12 3 0 21.5
426k-450k 45 20 6 0.1 13.5
451k-475k 31 19 3 0.1 9.8
476k-500k 24 12 6 0.1 12
501k-550k 36 18 3 0.1 12
551k-600k 19 7 0.1 16.3
601k-650k 11 1 0 66
651k-700k 11 2 0 33
701k-750k 12 3 1 0 24
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 12 2 1 0 36
901k-950k 2 0
951k-1m 4 1 0 24
1m-1.1m 3 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 6 0
1.4m-1.5m 3 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
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 18 31 4 0.3 3.5
26k-50k 57 57 17 0.2 6
51k-75k 74 32 9 0.1 13.9
76k-100k 55 7 1 0 47.1
101k-125k 16 6 2 0.1 16
126k-150k 27 6 0 27
151k-175k 22 11 5 0.1 12
176k-200k 26 4 1 0 39
201k-225k 21 2 1 0 63
226k-250k 15 3 1 0 30
251k-275k 17 4 0 25.5
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 0
1.6m-1.7m 2 2 0.3 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