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 1 7 1.2 0.9
126k-150k 3 12 2 0.7 1.5
151k-175k 10 12 1 0.2 5
176k-200k 11 23 4 0.3 2.9
201k-225k 8 21 3 0.4 2.3
226k-250k 21 33 5 0.3 3.8
251k-275k 22 28 6 0.2 4.7
276k-300k 42 46 9 0.2 5.5
301k-325k 47 54 8 0.2 5.2
326k-350k 69 80 11 0.2 5.2
351k-375k 82 79 17 0.2 6.2
376k-400k 131 93 13 0.1 8.5
401k-425k 72 79 13 0.2 5.5
426k-450k 103 77 13 0.1 8
451k-475k 73 46 10 0.1 9.5
476k-500k 102 63 14 0.1 9.7
501k-550k 119 94 14 0.1 7.6
551k-600k 135 88 17 0.1 9.2
601k-650k 92 79 12 0.1 7
651k-700k 86 43 9 0.1 12
701k-750k 51 30 4 0.1 10.2
751k-800k 52 35 9 0.1 8.9
801k-850k 30 23 5 0.1 7.8
851k-900k 36 15 7 0.1 14.4
901k-950k 21 16 3 0.1 7.9
951k-1m 29 12 4 0.1 14.5
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 16 16 7 0.2 6
1.3m-1.4m 15 8 1 0.1 11.3
1.4m-1.5m 16 14 5 0.1 6.9
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 13 5 0.1 15.6
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 7 2 0 21
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 11 2 0 33
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 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 18 1 0.1 8.7
251k-275k 24 19 3 0.1 7.6
276k-300k 32 21 3 0.1 9.1
301k-325k 25 10 1 0.1 15
326k-350k 34 14 3 0.1 14.6
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 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
51k-75k 2 2 0.2 6
76k-100k 11 7 2 0.1 9.4
101k-125k 26 26 2 0.2 6
126k-150k 61 34 6 0.1 10.8
151k-175k 71 47 7 0.1 9.1
176k-200k 125 54 11 0.1 13.9
201k-225k 107 61 9 0.1 10.5
226k-250k 150 45 9 0.1 20
251k-275k 101 46 6 0.1 13.2
276k-300k 176 54 12 0.1 19.6
301k-325k 116 43 6 0.1 16.2
326k-350k 135 37 9 0 21.9
351k-375k 68 17 3 0 24
376k-400k 91 24 6 0 22.8
401k-425k 42 15 4 0.1 16.8
426k-450k 54 22 7 0.1 14.7
451k-475k 26 22 5 0.1 7.1
476k-500k 27 8 1 0 20.3
501k-550k 39 18 3 0.1 13
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 4 1 0.1 12
851k-900k 12 2 1 0 36
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 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
1k-25k 17 31 5 0.3 3.3
26k-50k 61 63 11 0.2 5.8
51k-75k 79 29 3 0.1 16.3
76k-100k 59 8 3 0 44.3
101k-125k 16 7 3 0.1 13.7
126k-150k 25 6 0 25
151k-175k 26 8 0.1 19.5
176k-200k 31 6 3 0 31
201k-225k 17 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 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 1 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0