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 15% 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 24 5 0.4 2.5
201k-225k 7 20 2 0.5 2.1
226k-250k 23 32 4 0.2 4.3
251k-275k 20 28 6 0.2 4.3
276k-300k 44 46 10 0.2 5.7
301k-325k 47 57 11 0.2 4.9
326k-350k 66 77 12 0.2 5.1
351k-375k 86 77 13 0.1 6.7
376k-400k 125 87 12 0.1 8.6
401k-425k 78 82 14 0.2 5.7
426k-450k 105 70 10 0.1 9
451k-475k 74 44 6 0.1 10.1
476k-500k 98 65 12 0.1 9
501k-550k 131 93 12 0.1 8.5
551k-600k 130 87 15 0.1 9
601k-650k 97 74 10 0.1 7.9
651k-700k 87 42 8 0.1 12.4
701k-750k 52 30 5 0.1 10.4
751k-800k 50 33 5 0.1 9.1
801k-850k 32 25 3 0.1 7.7
851k-900k 35 14 5 0.1 15
901k-950k 21 17 2 0.1 7.4
951k-1m 27 13 4 0.1 12.5
1m-1.1m 20 10 1 0.1 12
1.1m-1.2m 20 19 4 0.2 6.3
1.2m-1.3m 16 18 8 0.2 5.3
1.3m-1.4m 15 8 3 0.1 11.3
1.4m-1.5m 17 14 3 0.1 7.3
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 5 0.1 16.8
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 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 26 13 0.1 12
226k-250k 27 16 1 0.1 10.1
251k-275k 24 17 3 0.1 8.5
276k-300k 31 22 5 0.1 8.5
301k-325k 23 10 1 0.1 13.8
326k-350k 29 14 3 0.1 12.4
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 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 3 1 0.3 4
76k-100k 8 8 3 0.2 6
101k-125k 29 25 1 0.1 7
126k-150k 59 35 6 0.1 10.1
151k-175k 73 46 5 0.1 9.5
176k-200k 123 52 8 0.1 14.2
201k-225k 106 60 4 0.1 10.6
226k-250k 147 46 7 0.1 19.2
251k-275k 100 44 5 0.1 13.6
276k-300k 179 52 11 0 20.7
301k-325k 118 46 7 0.1 15.4
326k-350k 140 36 7 0 23.3
351k-375k 68 16 2 0 25.5
376k-400k 90 25 6 0 21.6
401k-425k 44 14 2 0.1 18.9
426k-450k 52 22 4 0.1 14.2
451k-475k 26 21 5 0.1 7.4
476k-500k 26 9 1 0.1 17.3
501k-550k 38 17 4 0.1 13.4
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
651k-700k 13 3 0 26
701k-750k 14 3 1 0 28
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 4 2 1 0.1 12
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 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
1k-25k 18 31 5 0.3 3.5
26k-50k 58 64 12 0.2 5.4
51k-75k 71 34 8 0.1 12.5
76k-100k 57 8 4 0 42.8
101k-125k 16 7 0.1 13.7
126k-150k 24 5 1 0 28.8
151k-175k 26 8 0.1 19.5
176k-200k 32 5 0 38.4
201k-225k 17 2 1 0 51
226k-250k 19 3 1 0 38
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 2 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 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0