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
1k-25k 1 2 0.3 3
101k-125k 7 1 1.2 0
126k-150k 1 8 1 1.3 0.8
151k-175k 8 14 4 0.3 3.4
176k-200k 8 24 6 0.5 2
201k-225k 9 20 3 0.4 2.7
226k-250k 20 31 6 0.3 3.9
251k-275k 23 31 4 0.2 4.5
276k-300k 39 49 11 0.2 4.8
301k-325k 45 60 5 0.2 4.5
326k-350k 60 84 10 0.2 4.3
351k-375k 82 74 14 0.2 6.6
376k-400k 117 107 26 0.2 6.6
401k-425k 67 89 15 0.2 4.5
426k-450k 102 84 13 0.1 7.3
451k-475k 64 59 10 0.2 6.5
476k-500k 101 66 18 0.1 9.2
501k-550k 130 101 10 0.1 7.7
551k-600k 130 92 12 0.1 8.5
601k-650k 86 79 12 0.2 6.5
651k-700k 79 44 8 0.1 10.8
701k-750k 47 36 7 0.1 7.8
751k-800k 51 30 7 0.1 10.2
801k-850k 29 28 9 0.2 6.2
851k-900k 27 10 3 0.1 16.2
901k-950k 22 16 3 0.1 8.3
951k-1m 32 13 5 0.1 14.8
1m-1.1m 19 11 4 0.1 10.4
1.1m-1.2m 25 17 4 0.1 8.8
1.2m-1.3m 17 10 4 0.1 10.2
1.3m-1.4m 11 8 1 0.1 8.3
1.4m-1.5m 17 6 1 0.1 17
1.5m-1.6m 13 7 6 0.1 11.1
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 5 8 2 0.3 3.8
1.8m-1.9m 8 3 0.1 16
1.9m-2m 8 1 0 48
2m-2.25m 10 5 0.1 12
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 10 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 3 0.1 9.6
3.5m-4m 7 1 1 0 42
4m-4.5m 4 1 0 24
4.5m-5m 2 1 0.1 12
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 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 0
101k-125k 1 0
126k-150k 2 4 1 0.3 3
151k-175k 6 4 2 0.1 9
176k-200k 10 11 2 0.2 5.5
201k-225k 16 16 2 0.2 6
226k-250k 29 17 2 0.1 10.2
251k-275k 19 16 4 0.1 7.1
276k-300k 30 23 3 0.1 7.8
301k-325k 31 11 0.1 16.9
326k-350k 40 18 0.1 13.3
351k-375k 15 11 0.1 8.2
376k-400k 14 1 0 84
401k-425k 3 1 1 0.1 18
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 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
51k-75k 1 1 1 0.2 6
76k-100k 10 11 2 0.2 5.5
101k-125k 20 26 6 0.2 4.6
126k-150k 57 37 9 0.1 9.2
151k-175k 69 51 8 0.1 8.1
176k-200k 112 61 11 0.1 11
201k-225k 106 64 12 0.1 9.9
226k-250k 135 50 12 0.1 16.2
251k-275k 98 48 8 0.1 12.3
276k-300k 150 51 7 0.1 17.6
301k-325k 118 45 8 0.1 15.7
326k-350k 119 29 4 0 24.6
351k-375k 78 19 4 0 24.6
376k-400k 87 25 7 0 20.9
401k-425k 42 12 5 0 21
426k-450k 47 20 5 0.1 14.1
451k-475k 30 20 3 0.1 9
476k-500k 26 11 5 0.1 14.2
501k-550k 35 17 2 0.1 12.4
551k-600k 18 7 0.1 15.4
601k-650k 11 1 0 66
651k-700k 10 3 1 0.1 20
701k-750k 12 3 1 0 24
751k-800k 6 0
801k-850k 6 3 0.1 12
851k-900k 13 2 1 0 39
901k-950k 2 0
951k-1m 4 1 0 24
1m-1.1m 3 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 6 0
1.4m-1.5m 3 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
2.5m-2.75m 1 0
5.01m-6m 1 0

Land 11% 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 29 4 0.3 3.7
26k-50k 55 59 19 0.2 5.6
51k-75k 74 33 9 0.1 13.5
76k-100k 55 7 1 0 47.1
101k-125k 16 6 2 0.1 16
126k-150k 27 6 0 27
151k-175k 22 11 5 0.1 12
176k-200k 26 3 0 52
201k-225k 20 2 1 0 60
226k-250k 15 4 1 0 22.5
251k-275k 17 4 0 25.5
276k-300k 7 3 0.1 14
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 2 1 1 0.1 12
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 8 3 0.1 16
501k-550k 5 1 0 30
551k-600k 8 2 0 24
601k-650k 2 3 0.3 4
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0