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 14% 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 2 12 1 1 1
151k-175k 9 12 1 0.2 4.5
176k-200k 11 24 4 0.4 2.8
201k-225k 9 19 1 0.4 2.8
226k-250k 24 31 4 0.2 4.6
251k-275k 21 28 4 0.2 4.5
276k-300k 41 45 11 0.2 5.5
301k-325k 44 55 9 0.2 4.8
326k-350k 69 76 11 0.2 5.4
351k-375k 87 77 12 0.1 6.8
376k-400k 138 85 8 0.1 9.7
401k-425k 71 77 10 0.2 5.5
426k-450k 113 68 8 0.1 10
451k-475k 80 45 5 0.1 10.7
476k-500k 98 65 12 0.1 9
501k-550k 135 95 14 0.1 8.5
551k-600k 128 81 14 0.1 9.5
601k-650k 92 76 10 0.1 7.3
651k-700k 93 42 9 0.1 13.3
701k-750k 49 31 4 0.1 9.5
751k-800k 52 33 4 0.1 9.5
801k-850k 33 24 2 0.1 8.3
851k-900k 36 14 5 0.1 15.4
901k-950k 21 16 2 0.1 7.9
951k-1m 28 10 3 0.1 16.8
1m-1.1m 23 10 1 0.1 13.8
1.1m-1.2m 20 19 4 0.2 6.3
1.2m-1.3m 19 18 7 0.2 6.3
1.3m-1.4m 15 7 3 0.1 12.9
1.4m-1.5m 16 14 3 0.1 6.9
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 15 5 0.1 18
1.7m-1.8m 5 7 3 0.2 4.3
1.8m-1.9m 10 3 1 0.1 20
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 10 5 2 0.1 12
2.5m-2.75m 12 2 1 0 36
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 0
5.01m-6m 5 2 1 0.1 15
6.01m-7m 1 0
7.01m-8m 2 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 9 4 1 0.1 13.5
176k-200k 10 6 1 0.1 10
201k-225k 25 12 0.1 12.5
226k-250k 29 15 1 0.1 11.6
251k-275k 28 17 3 0.1 9.9
276k-300k 31 21 4 0.1 8.9
301k-325k 21 10 1 0.1 12.6
326k-350k 29 13 3 0.1 13.4
351k-375k 16 9 1 0.1 10.7
376k-400k 14 2 1 0 42
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 3 0
476k-500k 2 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 9 8 3 0.1 6.8
101k-125k 29 24 0.1 7.3
126k-150k 60 35 5 0.1 10.3
151k-175k 68 46 5 0.1 8.9
176k-200k 118 51 9 0.1 13.9
201k-225k 108 58 4 0.1 11.2
226k-250k 150 44 6 0 20.5
251k-275k 98 44 5 0.1 13.4
276k-300k 183 53 10 0 20.7
301k-325k 120 49 10 0.1 14.7
326k-350k 145 34 7 0 25.6
351k-375k 69 16 2 0 25.9
376k-400k 90 27 6 0.1 20
401k-425k 44 13 3 0 20.3
426k-450k 49 22 3 0.1 13.4
451k-475k 26 21 5 0.1 7.4
476k-500k 25 9 0.1 16.7
501k-550k 36 17 2 0.1 12.7
551k-600k 22 5 1 0 26.4
601k-650k 12 2 1 0 36
651k-700k 12 4 1 0.1 18
701k-750k 14 3 1 0 28
751k-800k 7 1 0 42
801k-850k 7 4 1 0.1 10.5
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 7 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 17 29 2 0.3 3.5
26k-50k 53 67 16 0.2 4.7
51k-75k 69 35 9 0.1 11.8
76k-100k 55 7 3 0 47.1
101k-125k 15 7 0.1 12.9
126k-150k 25 6 1 0 25
151k-175k 27 6 0 27
176k-200k 33 5 0 39.6
201k-225k 16 2 1 0 48
226k-250k 21 3 1 0 42
251k-275k 14 3 0 28
276k-300k 12 1 0 72
301k-325k 6 2 1 0.1 18
326k-350k 4 1 1 0 24
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 6 0
701k-750k 1 0
751k-800k 5 1 0 30
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 0
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
2.75m-3m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0