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 16% 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 11 3 1.8 0.5
151k-175k 8 12 4 0.3 4
176k-200k 10 22 5 0.4 2.7
201k-225k 9 20 3 0.4 2.7
226k-250k 19 32 8 0.3 3.6
251k-275k 21 32 6 0.3 3.9
276k-300k 40 47 9 0.2 5.1
301k-325k 47 59 5 0.2 4.8
326k-350k 60 86 10 0.2 4.2
351k-375k 87 75 13 0.1 7
376k-400k 117 105 26 0.1 6.7
401k-425k 68 86 16 0.2 4.7
426k-450k 101 88 17 0.1 6.9
451k-475k 63 62 13 0.2 6.1
476k-500k 97 67 20 0.1 8.7
501k-550k 128 96 10 0.1 8
551k-600k 137 93 12 0.1 8.8
601k-650k 87 80 10 0.2 6.5
651k-700k 78 45 10 0.1 10.4
701k-750k 46 36 9 0.1 7.7
751k-800k 51 32 8 0.1 9.6
801k-850k 29 30 9 0.2 5.8
851k-900k 28 13 6 0.1 12.9
901k-950k 19 17 2 0.1 6.7
951k-1m 31 12 5 0.1 15.5
1m-1.1m 18 13 6 0.1 8.3
1.1m-1.2m 26 18 5 0.1 8.7
1.2m-1.3m 16 11 4 0.1 8.7
1.3m-1.4m 12 8 1 0.1 9
1.4m-1.5m 17 8 2 0.1 12.8
1.5m-1.6m 15 5 2 0.1 18
1.6m-1.7m 11 6 1 0.1 11
1.7m-1.8m 5 9 2 0.3 3.3
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 5 4 2 0.1 7.5
2.5m-2.75m 10 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 2 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 0.3 3
151k-175k 7 4 2 0.1 10.5
176k-200k 10 11 2 0.2 5.5
201k-225k 16 16 2 0.2 6
226k-250k 27 17 2 0.1 9.5
251k-275k 19 17 3 0.1 6.7
276k-300k 31 21 3 0.1 8.9
301k-325k 30 11 0.1 16.4
326k-350k 39 20 2 0.1 11.7
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
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 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
51k-75k 1 1 1 0.2 6
76k-100k 11 12 3 0.2 5.5
101k-125k 20 26 5 0.2 4.6
126k-150k 55 34 8 0.1 9.7
151k-175k 71 52 9 0.1 8.2
176k-200k 114 59 9 0.1 11.6
201k-225k 110 62 10 0.1 10.6
226k-250k 135 54 16 0.1 15
251k-275k 100 49 8 0.1 12.2
276k-300k 156 52 8 0.1 18
301k-325k 111 47 10 0.1 14.2
326k-350k 123 32 6 0 23.1
351k-375k 76 18 4 0 25.3
376k-400k 87 23 8 0 22.7
401k-425k 40 14 5 0.1 17.1
426k-450k 48 21 7 0.1 13.7
451k-475k 30 19 3 0.1 9.5
476k-500k 24 11 6 0.1 13.1
501k-550k 37 19 3 0.1 11.7
551k-600k 19 7 0.1 16.3
601k-650k 12 1 0 72
651k-700k 12 2 0 36
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 13 2 1 0 39
901k-950k 2 0
951k-1m 4 1 0 24
1m-1.1m 3 0
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 7 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
5.01m-6m 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 18 31 4 0.3 3.5
26k-50k 54 61 21 0.2 5.3
51k-75k 77 32 8 0.1 14.4
76k-100k 55 7 1 0 47.1
101k-125k 13 9 4 0.1 8.7
126k-150k 28 6 0 28
151k-175k 26 10 5 0.1 15.6
176k-200k 26 6 3 0 26
201k-225k 21 2 1 0 63
226k-250k 16 3 1 0 32
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 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 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