Absorption Report

Fort Myers

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.3 0
126k-150k 1 1 0.2 6
151k-175k 4 0.7 0
176k-200k 4 1 1 0 24
201k-225k 4 5 0.2 4.8
226k-250k 15 11 4 0.1 8.2
251k-275k 9 16 5 0.3 3.4
276k-300k 24 36 3 0.3 4
301k-325k 20 28 5 0.2 4.3
326k-350k 34 33 5 0.2 6.2
351k-375k 25 13 2 0.1 11.5
376k-400k 33 29 5 0.1 6.8
401k-425k 21 24 1 0.2 5.3
426k-450k 21 14 1 0.1 9
451k-475k 21 13 2 0.1 9.7
476k-500k 14 14 3 0.2 6
501k-550k 32 17 2 0.1 11.3
551k-600k 12 10 2 0.1 7.2
601k-650k 6 11 2 0.3 3.3
651k-700k 16 10 3 0.1 9.6
701k-750k 7 10 0.2 4.2
751k-800k 11 12 0.2 5.5
801k-850k 7 6 0.1 7
851k-900k 5 6 0.2 5
901k-950k 4 2 0.1 12
951k-1m 2 3 0.3 4
1m-1.1m 2 4 0.3 3
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 2 0
1.3m-1.4m 4 1 1 0 24
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 3 1 1 0.1 18
3m-3.5m 2 3 0.3 4
3.5m-4m 1 2 0.3 3
4m-4.5m 2 0.3 0
11.01m-12m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0
476k-500k 1 0
551k-600k 1 0
601k-650k 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 5 0.8 0
126k-150k 10 2 0 30
151k-175k 3 3 1 0.2 6
176k-200k 8 2 0 24
201k-225k 5 4 1 0.1 7.5
226k-250k 19 3 1 0 38
251k-275k 6 1 0 36
276k-300k 3 4 0.2 4.5
301k-325k 3 5 0.3 3.6
326k-350k 4 3 0.1 8
351k-375k 2 1 0.1 12
376k-400k 3 0
401k-425k 1 1 0.2 6
426k-450k 3 4 0.2 4.5
451k-475k 1 0
501k-550k 3 1 0.1 18
551k-600k 7 3 0.1 14
601k-650k 4 1 0 24
651k-700k 3 1 0.1 18
701k-750k 2 2 0.2 6
751k-800k 2 1 0.1 12
801k-850k 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 24 45 2 0.3 3.2
26k-50k 124 33 6 0 22.5
51k-75k 59 6 0 59
76k-100k 26 3 1 0 52
101k-125k 5 3 1 0.1 10
126k-150k 6 0
151k-175k 5 2 0.1 15
176k-200k 6 0
201k-225k 1 0
226k-250k 4 0
251k-275k 1 1 1 0.2 6
276k-300k 4 0
301k-325k 2 1 0.1 12
326k-350k 3 0
351k-375k 1 0
376k-400k 6 0
401k-425k 1 0.2 0
426k-450k 3 0
601k-650k 3 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0
951k-1m 3 0
1m-1.1m 5 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.9m-2m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3m-3.5m 1 0