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 8 1.3 0
126k-150k 3 11 1 0.6 1.6
151k-175k 9 12 2 0.2 4.5
176k-200k 10 24 5 0.4 2.5
201k-225k 7 20 2 0.5 2.1
226k-250k 23 32 4 0.2 4.3
251k-275k 20 28 6 0.2 4.3
276k-300k 44 46 10 0.2 5.7
301k-325k 47 55 10 0.2 5.1
326k-350k 66 79 13 0.2 5
351k-375k 84 78 15 0.2 6.5
376k-400k 127 88 12 0.1 8.7
401k-425k 75 81 14 0.2 5.6
426k-450k 105 70 10 0.1 9
451k-475k 72 44 7 0.1 9.8
476k-500k 101 63 11 0.1 9.6
501k-550k 131 92 12 0.1 8.5
551k-600k 131 86 13 0.1 9.1
601k-650k 97 74 10 0.1 7.9
651k-700k 88 42 8 0.1 12.6
701k-750k 53 28 4 0.1 11.4
751k-800k 51 34 5 0.1 9
801k-850k 31 24 4 0.1 7.8
851k-900k 36 15 5 0.1 14.4
901k-950k 22 16 1 0.1 8.3
951k-1m 27 13 4 0.1 12.5
1m-1.1m 20 11 2 0.1 10.9
1.1m-1.2m 19 19 4 0.2 6
1.2m-1.3m 16 17 8 0.2 5.6
1.3m-1.4m 15 8 3 0.1 11.3
1.4m-1.5m 18 14 4 0.1 7.7
1.5m-1.6m 12 8 2 0.1 9
1.6m-1.7m 14 5 0.1 16.8
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 9 2 0 27
1.9m-2m 7 1 0 42
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 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 1 0 36
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 26 13 0.1 12
226k-250k 28 16 1 0.1 10.5
251k-275k 24 18 3 0.1 8
276k-300k 30 22 5 0.1 8.2
301k-325k 23 10 1 0.1 13.8
326k-350k 29 14 3 0.1 12.4
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 10 8 3 0.1 7.5
101k-125k 28 26 1 0.2 6.5
126k-150k 58 36 6 0.1 9.7
151k-175k 73 46 5 0.1 9.5
176k-200k 123 54 9 0.1 13.7
201k-225k 105 60 5 0.1 10.5
226k-250k 147 47 7 0.1 18.8
251k-275k 100 44 5 0.1 13.6
276k-300k 177 52 11 0 20.4
301k-325k 118 46 7 0.1 15.4
326k-350k 140 36 7 0 23.3
351k-375k 67 16 2 0 25.1
376k-400k 93 25 6 0 22.3
401k-425k 43 14 2 0.1 18.4
426k-450k 53 23 4 0.1 13.8
451k-475k 27 22 5 0.1 7.4
476k-500k 25 8 1 0.1 18.8
501k-550k 38 19 4 0.1 12
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
651k-700k 13 3 0 26
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 8 3 0.1 16
851k-900k 12 2 1 0 36
901k-950k 3 0
951k-1m 5 1 0 30
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 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 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 32 5 0.3 3.2
26k-50k 58 64 11 0.2 5.4
51k-75k 70 34 8 0.1 12.4
76k-100k 58 8 4 0 43.5
101k-125k 16 7 0.1 13.7
126k-150k 24 5 1 0 28.8
151k-175k 26 8 0.1 19.5
176k-200k 32 5 0 38.4
201k-225k 17 2 1 0 51
226k-250k 19 3 1 0 38
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 2 0.2 6
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 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0