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 7 1.2 0
126k-150k 3 12 2 0.7 1.5
151k-175k 9 12 1 0.2 4.5
176k-200k 11 23 4 0.3 2.9
201k-225k 8 21 3 0.4 2.3
226k-250k 19 34 6 0.3 3.4
251k-275k 22 28 7 0.2 4.7
276k-300k 43 44 8 0.2 5.9
301k-325k 44 55 8 0.2 4.8
326k-350k 71 79 10 0.2 5.4
351k-375k 82 79 18 0.2 6.2
376k-400k 130 95 18 0.1 8.2
401k-425k 73 78 13 0.2 5.6
426k-450k 103 77 14 0.1 8
451k-475k 74 47 10 0.1 9.4
476k-500k 102 61 12 0.1 10
501k-550k 118 96 16 0.1 7.4
551k-600k 135 89 18 0.1 9.1
601k-650k 90 79 12 0.1 6.8
651k-700k 89 44 8 0.1 12.1
701k-750k 49 30 4 0.1 9.8
751k-800k 54 34 8 0.1 9.5
801k-850k 30 22 6 0.1 8.2
851k-900k 37 15 8 0.1 14.8
901k-950k 21 16 3 0.1 7.9
951k-1m 31 11 2 0.1 16.9
1m-1.1m 20 13 4 0.1 9.2
1.1m-1.2m 20 17 4 0.1 7.1
1.2m-1.3m 15 16 8 0.2 5.6
1.3m-1.4m 15 9 1 0.1 10
1.4m-1.5m 16 14 5 0.1 6.9
1.5m-1.6m 12 8 3 0.1 9
1.6m-1.7m 13 5 0.1 15.6
1.7m-1.8m 4 6 2 0.3 4
1.8m-1.9m 8 2 0 24
1.9m-2m 7 2 1 0 21
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 2 0.1 16.5
2.5m-2.75m 10 1 1 0 60
2.75m-3m 10 2 1 0 30
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 5 1 0 30
5.01m-6m 5 1 0 30
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 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 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 24 14 0.1 10.3
226k-250k 26 19 1 0.1 8.2
251k-275k 23 19 3 0.1 7.3
276k-300k 32 21 3 0.1 9.1
301k-325k 24 10 1 0.1 14.4
326k-350k 33 14 3 0.1 14.1
351k-375k 18 8 0.1 13.5
376k-400k 13 2 1 0 39
401k-425k 2 1 0.1 12
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 7% 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 1 0.2 6
76k-100k 11 8 2 0.1 8.3
101k-125k 26 27 2 0.2 5.8
126k-150k 61 33 5 0.1 11.1
151k-175k 72 47 7 0.1 9.2
176k-200k 123 53 10 0.1 13.9
201k-225k 107 60 9 0.1 10.7
226k-250k 147 44 9 0 20
251k-275k 102 49 6 0.1 12.5
276k-300k 176 54 11 0.1 19.6
301k-325k 119 42 6 0.1 17
326k-350k 135 37 9 0 21.9
351k-375k 69 17 3 0 24.4
376k-400k 89 25 6 0 21.4
401k-425k 41 16 5 0.1 15.4
426k-450k 55 21 6 0.1 15.7
451k-475k 27 21 4 0.1 7.7
476k-500k 26 8 1 0.1 19.5
501k-550k 38 18 4 0.1 12.7
551k-600k 18 6 1 0.1 18
601k-650k 11 2 1 0 33
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 3 2 0 24
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 5 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 31 5 0.3 3.3
26k-50k 61 62 12 0.2 5.9
51k-75k 80 29 3 0.1 16.6
76k-100k 59 7 2 0 50.6
101k-125k 17 7 3 0.1 14.6
126k-150k 25 6 0 25
151k-175k 26 8 1 0.1 19.5
176k-200k 31 6 3 0 31
201k-225k 17 1 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 1 0 30
326k-350k 4 0
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 3 0.3 4
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 5 1 0 30
1.2m-1.3m 2 1 0.1 12
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