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 17% 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 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 8 1 1.3 0.8
151k-175k 7 14 5 0.3 3
176k-200k 9 22 5 0.4 2.5
201k-225k 10 20 4 0.3 3
226k-250k 18 32 9 0.3 3.4
251k-275k 21 30 5 0.2 4.2
276k-300k 41 48 11 0.2 5.1
301k-325k 46 60 5 0.2 4.6
326k-350k 59 86 11 0.2 4.1
351k-375k 82 74 13 0.2 6.6
376k-400k 117 104 26 0.1 6.8
401k-425k 71 86 15 0.2 5
426k-450k 97 88 17 0.2 6.6
451k-475k 65 60 11 0.2 6.5
476k-500k 100 65 18 0.1 9.2
501k-550k 130 98 11 0.1 8
551k-600k 133 93 13 0.1 8.6
601k-650k 87 79 12 0.2 6.6
651k-700k 81 46 10 0.1 10.6
701k-750k 46 36 8 0.1 7.7
751k-800k 50 31 7 0.1 9.7
801k-850k 31 29 9 0.2 6.4
851k-900k 29 11 4 0.1 15.8
901k-950k 21 16 2 0.1 7.9
951k-1m 31 13 5 0.1 14.3
1m-1.1m 18 12 6 0.1 9
1.1m-1.2m 25 17 4 0.1 8.8
1.2m-1.3m 16 11 4 0.1 8.7
1.3m-1.4m 12 8 1 0.1 9
1.4m-1.5m 17 6 1 0.1 17
1.5m-1.6m 14 7 5 0.1 12
1.6m-1.7m 10 7 1 0.1 8.6
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 11 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 2 0.1 9.6
3.5m-4m 7 1 1 0 42
4m-4.5m 5 1 0 30
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 0.3 3
151k-175k 7 4 2 0.1 10.5
176k-200k 10 11 2 0.2 5.5
201k-225k 15 17 2 0.2 5.3
226k-250k 28 17 2 0.1 9.9
251k-275k 20 16 3 0.1 7.5
276k-300k 29 22 4 0.1 7.9
301k-325k 31 11 0.1 16.9
326k-350k 40 18 0.1 13.3
351k-375k 16 11 0.1 8.7
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
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 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 12 3 0.2 5
101k-125k 20 26 5 0.2 4.6
126k-150k 56 37 10 0.1 9.1
151k-175k 72 52 8 0.1 8.3
176k-200k 112 59 8 0.1 11.4
201k-225k 108 63 12 0.1 10.3
226k-250k 137 52 14 0.1 15.8
251k-275k 98 48 7 0.1 12.3
276k-300k 156 50 6 0.1 18.7
301k-325k 112 45 8 0.1 14.9
326k-350k 122 30 5 0 24.4
351k-375k 77 18 3 0 25.7
376k-400k 88 24 7 0 22
401k-425k 43 12 3 0 21.5
426k-450k 45 21 7 0.1 12.9
451k-475k 31 19 3 0.1 9.8
476k-500k 24 12 6 0.1 12
501k-550k 35 20 4 0.1 10.5
551k-600k 19 7 0.1 16.3
601k-650k 13 1 0 78
651k-700k 11 2 0 33
701k-750k 12 3 1 0 24
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 12 2 1 0 36
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 31 4 0.3 3.5
26k-50k 56 58 18 0.2 5.8
51k-75k 75 32 9 0.1 14.1
76k-100k 55 7 1 0 47.1
101k-125k 16 6 2 0.1 16
126k-150k 28 6 0 28
151k-175k 24 11 5 0.1 13.1
176k-200k 27 4 1 0 40.5
201k-225k 21 2 1 0 63
226k-250k 15 3 1 0 30
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 4 0
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