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 1 0.7 1.5
151k-175k 9 11 1 0.2 4.9
176k-200k 11 23 4 0.3 2.9
201k-225k 8 21 3 0.4 2.3
226k-250k 21 33 4 0.3 3.8
251k-275k 21 29 5 0.2 4.3
276k-300k 41 47 10 0.2 5.2
301k-325k 50 53 9 0.2 5.7
326k-350k 64 81 14 0.2 4.7
351k-375k 84 78 16 0.2 6.5
376k-400k 131 91 11 0.1 8.6
401k-425k 72 79 12 0.2 5.5
426k-450k 105 73 10 0.1 8.6
451k-475k 73 44 5 0.1 10
476k-500k 103 62 12 0.1 10
501k-550k 124 94 13 0.1 7.9
551k-600k 134 86 15 0.1 9.3
601k-650k 94 76 12 0.1 7.4
651k-700k 86 42 7 0.1 12.3
701k-750k 52 28 4 0.1 11.1
751k-800k 52 35 6 0.1 8.9
801k-850k 31 23 4 0.1 8.1
851k-900k 36 14 7 0.1 15.4
901k-950k 21 16 2 0.1 7.9
951k-1m 28 13 5 0.1 12.9
1m-1.1m 20 11 4 0.1 10.9
1.1m-1.2m 19 18 4 0.2 6.3
1.2m-1.3m 16 16 7 0.2 6
1.3m-1.4m 16 8 1 0.1 12
1.4m-1.5m 17 14 5 0.1 7.3
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 9 2 0 27
1.9m-2m 8 1 0 48
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 11 1 0 66
3m-3.5m 9 3 0.1 18
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 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 24 14 0.1 10.3
226k-250k 27 17 1 0.1 9.5
251k-275k 23 19 3 0.1 7.3
276k-300k 32 20 3 0.1 9.6
301k-325k 25 10 1 0.1 15
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 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 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 60 35 6 0.1 10.3
151k-175k 72 45 7 0.1 9.6
176k-200k 122 53 10 0.1 13.8
201k-225k 107 61 9 0.1 10.5
226k-250k 148 45 7 0.1 19.7
251k-275k 101 46 6 0.1 13.2
276k-300k 175 52 12 0 20.2
301k-325k 116 44 7 0.1 15.8
326k-350k 135 36 8 0 22.5
351k-375k 68 17 3 0 24
376k-400k 93 24 6 0 23.3
401k-425k 41 15 3 0.1 16.4
426k-450k 54 22 6 0.1 14.7
451k-475k 25 23 6 0.2 6.5
476k-500k 27 8 1 0 20.3
501k-550k 39 18 3 0.1 13
551k-600k 18 5 1 0 21.6
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 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 32 5 0.3 3.2
26k-50k 59 62 11 0.2 5.7
51k-75k 77 30 5 0.1 15.4
76k-100k 58 9 4 0 38.7
101k-125k 16 7 3 0.1 13.7
126k-150k 25 5 0 30
151k-175k 27 8 0 20.3
176k-200k 31 6 2 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 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 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