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 13 2 0.7 1.4
151k-175k 8 12 1 0.3 4
176k-200k 12 22 3 0.3 3.3
201k-225k 10 21 3 0.4 2.9
226k-250k 21 34 5 0.3 3.7
251k-275k 21 29 7 0.2 4.3
276k-300k 42 44 8 0.2 5.7
301k-325k 44 55 8 0.2 4.8
326k-350k 66 81 11 0.2 4.9
351k-375k 83 78 17 0.2 6.4
376k-400k 130 95 21 0.1 8.2
401k-425k 69 82 14 0.2 5
426k-450k 106 76 12 0.1 8.4
451k-475k 76 48 11 0.1 9.5
476k-500k 101 60 12 0.1 10.1
501k-550k 121 93 13 0.1 7.8
551k-600k 135 93 22 0.1 8.7
601k-650k 92 81 11 0.1 6.8
651k-700k 87 44 7 0.1 11.9
701k-750k 49 30 5 0.1 9.8
751k-800k 53 34 8 0.1 9.4
801k-850k 30 24 6 0.1 7.5
851k-900k 38 14 7 0.1 16.3
901k-950k 22 17 3 0.1 7.8
951k-1m 30 11 2 0.1 16.4
1m-1.1m 20 13 5 0.1 9.2
1.1m-1.2m 19 18 4 0.2 6.3
1.2m-1.3m 15 16 8 0.2 5.6
1.3m-1.4m 15 9 1 0.1 10
1.4m-1.5m 16 13 4 0.1 7.4
1.5m-1.6m 12 9 5 0.1 8
1.6m-1.7m 13 4 0.1 19.5
1.7m-1.8m 4 6 2 0.3 4
1.8m-1.9m 8 3 0.1 16
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 10 2 1 0 30
3m-3.5m 8 4 0.1 12
3.5m-4m 9 1 1 0 54
4m-4.5m 5 3 2 0.1 10
4.5m-5m 4 1 0 24
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 7 1 0.1 8.6
201k-225k 24 14 0.1 10.3
226k-250k 26 19 1 0.1 8.2
251k-275k 23 19 4 0.1 7.3
276k-300k 31 21 3 0.1 8.9
301k-325k 24 10 1 0.1 14.4
326k-350k 35 15 3 0.1 14
351k-375k 18 10 0.1 10.8
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 1 0.2 6
76k-100k 11 8 2 0.1 8.3
101k-125k 25 26 2 0.2 5.8
126k-150k 58 34 5 0.1 10.2
151k-175k 73 48 7 0.1 9.1
176k-200k 124 54 13 0.1 13.8
201k-225k 105 59 12 0.1 10.7
226k-250k 148 45 8 0.1 19.7
251k-275k 103 49 7 0.1 12.6
276k-300k 177 53 11 0 20
301k-325k 118 43 5 0.1 16.5
326k-350k 134 38 10 0 21.2
351k-375k 72 17 2 0 25.4
376k-400k 88 25 6 0 21.1
401k-425k 41 17 6 0.1 14.5
426k-450k 55 21 6 0.1 15.7
451k-475k 28 21 4 0.1 8
476k-500k 26 8 1 0.1 19.5
501k-550k 37 17 4 0.1 13.1
551k-600k 18 7 1 0.1 15.4
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 2 0 24
851k-900k 13 3 2 0 26
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 62 59 12 0.2 6.3
51k-75k 80 31 6 0.1 15.5
76k-100k 57 8 3 0 42.8
101k-125k 17 7 3 0.1 14.6
126k-150k 23 6 0 23
151k-175k 26 8 3 0.1 19.5
176k-200k 31 7 3 0 26.6
201k-225k 16 1 1 0 96
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 5 0
351k-375k 2 1 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 1 0.1 12
901k-950k 1 0
951k-1m 3 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 1 0.1 12
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