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
101k-125k 8 1.3 0
126k-150k 3 11 1 0.6 1.6
151k-175k 9 12 2 0.2 4.5
176k-200k 10 23 4 0.4 2.6
201k-225k 7 20 2 0.5 2.1
226k-250k 22 33 4 0.3 4
251k-275k 20 28 6 0.2 4.3
276k-300k 43 48 11 0.2 5.4
301k-325k 48 55 10 0.2 5.2
326k-350k 68 79 13 0.2 5.2
351k-375k 83 79 16 0.2 6.3
376k-400k 127 88 12 0.1 8.7
401k-425k 74 80 13 0.2 5.6
426k-450k 104 72 11 0.1 8.7
451k-475k 74 43 5 0.1 10.3
476k-500k 102 63 12 0.1 9.7
501k-550k 130 94 12 0.1 8.3
551k-600k 133 86 14 0.1 9.3
601k-650k 97 74 10 0.1 7.9
651k-700k 85 43 9 0.1 11.9
701k-750k 54 28 5 0.1 11.6
751k-800k 51 34 5 0.1 9
801k-850k 32 23 3 0.1 8.3
851k-900k 37 14 6 0.1 15.9
901k-950k 22 16 1 0.1 8.3
951k-1m 27 13 5 0.1 12.5
1m-1.1m 20 11 2 0.1 10.9
1.1m-1.2m 20 18 4 0.2 6.7
1.2m-1.3m 16 17 8 0.2 5.6
1.3m-1.4m 16 7 1 0.1 13.7
1.4m-1.5m 18 14 4 0.1 7.7
1.5m-1.6m 12 8 2 0.1 9
1.6m-1.7m 13 5 0.1 15.6
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 9 2 0 27
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 10 2 1 0 30
2.75m-3m 12 1 0 72
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 6 1 0 36
5.01m-6m 4 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 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 10 6 1 0.1 10
201k-225k 26 13 0.1 12
226k-250k 27 16 1 0.1 10.1
251k-275k 24 18 3 0.1 8
276k-300k 31 20 3 0.1 9.3
301k-325k 24 10 1 0.1 14.4
326k-350k 30 15 4 0.1 12
351k-375k 18 8 0.1 13.5
376k-400k 13 2 1 0 39
401k-425k 2 1 0.1 12
426k-450k 2 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 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
51k-75k 2 2 0.2 6
76k-100k 10 8 3 0.1 7.5
101k-125k 26 26 1 0.2 6
126k-150k 59 36 7 0.1 9.8
151k-175k 72 46 5 0.1 9.4
176k-200k 120 55 10 0.1 13.1
201k-225k 108 60 8 0.1 10.8
226k-250k 148 47 7 0.1 18.9
251k-275k 100 45 6 0.1 13.3
276k-300k 176 52 12 0 20.3
301k-325k 119 46 7 0.1 15.5
326k-350k 139 35 6 0 23.8
351k-375k 69 16 2 0 25.9
376k-400k 94 24 5 0 23.5
401k-425k 41 15 3 0.1 16.4
426k-450k 54 22 5 0.1 14.7
451k-475k 28 23 5 0.1 7.3
476k-500k 25 8 1 0.1 18.8
501k-550k 39 18 3 0.1 13
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
651k-700k 13 3 0 26
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 8 3 0.1 16
851k-900k 12 2 1 0 36
901k-950k 3 0
951k-1m 5 1 0 30
1m-1.1m 4 0
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 6 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 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
1k-25k 17 32 5 0.3 3.2
26k-50k 59 63 11 0.2 5.6
51k-75k 75 30 4 0.1 15
76k-100k 58 8 4 0 43.5
101k-125k 16 7 0.1 13.7
126k-150k 25 4 0 37.5
151k-175k 27 8 0 20.3
176k-200k 32 6 0 32
201k-225k 17 1 0 102
226k-250k 19 4 2 0 28.5
251k-275k 16 3 0 32
276k-300k 12 1 0 72
301k-325k 5 2 1 0.1 15
326k-350k 3 1 1 0.1 18
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 4 2 0.1 12
551k-600k 8 1 0 48
601k-650k 2 2 0.2 6
651k-700k 4 0
701k-750k 2 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 6 1 0 36
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
2.5m-2.75m 1 0
2.75m-3m 4 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0