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 1.2 0
126k-150k 3 11 3 0.6 1.6
151k-175k 7 12 3 0.3 3.5
176k-200k 10 24 3 0.4 2.5
201k-225k 9 20 2 0.4 2.7
226k-250k 19 33 8 0.3 3.5
251k-275k 19 28 5 0.2 4.1
276k-300k 42 45 8 0.2 5.6
301k-325k 45 60 6 0.2 4.5
326k-350k 58 81 8 0.2 4.3
351k-375k 85 73 14 0.1 7
376k-400k 122 101 24 0.1 7.2
401k-425k 66 79 13 0.2 5
426k-450k 102 85 15 0.1 7.2
451k-475k 64 59 11 0.2 6.5
476k-500k 98 66 16 0.1 8.9
501k-550k 126 97 10 0.1 7.8
551k-600k 144 88 11 0.1 9.8
601k-650k 84 81 11 0.2 6.2
651k-700k 83 43 10 0.1 11.6
701k-750k 46 36 6 0.1 7.7
751k-800k 53 32 8 0.1 9.9
801k-850k 27 32 10 0.2 5.1
851k-900k 30 13 6 0.1 13.8
901k-950k 18 16 3 0.1 6.8
951k-1m 33 12 5 0.1 16.5
1m-1.1m 18 12 6 0.1 9
1.1m-1.2m 22 20 4 0.2 6.6
1.2m-1.3m 19 10 2 0.1 11.4
1.3m-1.4m 12 8 0.1 9
1.4m-1.5m 19 8 2 0.1 14.3
1.5m-1.6m 14 6 2 0.1 14
1.6m-1.7m 13 6 1 0.1 13
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 1 0 48
2m-2.25m 9 4 0.1 13.5
2.25m-2.5m 6 4 2 0.1 9
2.5m-2.75m 12 0
2.75m-3m 10 2 1 0 30
3m-3.5m 9 4 0.1 13.5
3.5m-4m 7 1 1 0 42
4m-4.5m 6 1 0 36
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 3 4 0.2 4.5
151k-175k 7 4 2 0.1 10.5
176k-200k 11 11 2 0.2 6
201k-225k 17 16 2 0.2 6.4
226k-250k 25 17 2 0.1 8.8
251k-275k 22 17 2 0.1 7.8
276k-300k 32 21 3 0.1 9.1
301k-325k 28 10 0.1 16.8
326k-350k 36 17 2 0.1 12.7
351k-375k 16 11 0.1 8.7
376k-400k 13 1 0 78
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 2 1 1 0.1 12
76k-100k 11 10 0.2 6.6
101k-125k 21 26 5 0.2 4.8
126k-150k 56 33 7 0.1 10.2
151k-175k 69 53 8 0.1 7.8
176k-200k 120 55 9 0.1 13.1
201k-225k 103 61 12 0.1 10.1
226k-250k 137 52 17 0.1 15.8
251k-275k 100 48 7 0.1 12.5
276k-300k 158 49 8 0.1 19.3
301k-325k 112 46 8 0.1 14.6
326k-350k 125 34 8 0 22.1
351k-375k 75 17 4 0 26.5
376k-400k 86 22 7 0 23.5
401k-425k 40 14 4 0.1 17.1
426k-450k 49 21 8 0.1 14
451k-475k 29 19 4 0.1 9.2
476k-500k 25 10 4 0.1 15
501k-550k 36 18 4 0.1 12
551k-600k 20 7 0.1 17.1
601k-650k 12 1 0 72
651k-700k 12 2 0 36
701k-750k 13 3 1 0 26
751k-800k 5 1 0 30
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 4 0
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 4 1 0 24
1.3m-1.4m 5 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

Land 12% 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 20 29 3 0.2 4.1
26k-50k 54 61 19 0.2 5.3
51k-75k 76 33 9 0.1 13.8
76k-100k 52 8 2 0 39
101k-125k 12 9 4 0.1 8
126k-150k 25 5 0 30
151k-175k 26 10 5 0.1 15.6
176k-200k 23 6 3 0 23
201k-225k 20 2 0 60
226k-250k 18 3 1 0 36
251k-275k 16 4 0 24
276k-300k 10 3 0.1 20
301k-325k 5 1 0 30
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 7 2 0 21
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 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