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 2 12 1 1 1
151k-175k 10 12 1 0.2 5
176k-200k 11 24 5 0.4 2.8
201k-225k 10 18 1 0.3 3.3
226k-250k 22 30 4 0.2 4.4
251k-275k 21 28 4 0.2 4.5
276k-300k 40 49 12 0.2 4.9
301k-325k 47 54 8 0.2 5.2
326k-350k 73 76 10 0.2 5.8
351k-375k 89 80 14 0.1 6.7
376k-400k 138 85 8 0.1 9.7
401k-425k 69 81 12 0.2 5.1
426k-450k 119 67 8 0.1 10.7
451k-475k 79 46 6 0.1 10.3
476k-500k 99 62 11 0.1 9.6
501k-550k 138 95 12 0.1 8.7
551k-600k 126 82 15 0.1 9.2
601k-650k 88 77 11 0.1 6.9
651k-700k 99 40 8 0.1 14.9
701k-750k 54 31 4 0.1 10.5
751k-800k 49 35 5 0.1 8.4
801k-850k 37 25 3 0.1 8.9
851k-900k 36 14 5 0.1 15.4
901k-950k 22 16 2 0.1 8.3
951k-1m 28 10 3 0.1 16.8
1m-1.1m 23 11 2 0.1 12.5
1.1m-1.2m 26 16 3 0.1 9.8
1.2m-1.3m 17 18 6 0.2 5.7
1.3m-1.4m 16 7 3 0.1 13.7
1.4m-1.5m 15 14 2 0.2 6.4
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 6 1 0.1 14
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 10 2 1 0 30
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 10 4 2 0.1 15
2.5m-2.75m 13 2 1 0 39
2.75m-3m 10 2 1 0 30
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 0 54
4m-4.5m 7 3 2 0.1 14
4.5m-5m 6 0
5.01m-6m 5 2 1 0.1 15
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 0
15.01m-16m 1 0

Townhouses 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
76k-100k 1 1 0.2 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 9 4 1 0.1 13.5
176k-200k 10 6 1 0.1 10
201k-225k 25 11 0.1 13.6
226k-250k 30 14 1 0.1 12.9
251k-275k 27 16 2 0.1 10.1
276k-300k 35 22 6 0.1 9.5
301k-325k 21 9 1 0.1 14
326k-350k 29 13 3 0.1 13.4
351k-375k 16 9 1 0.1 10.7
376k-400k 15 2 1 0 45
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 3 0
476k-500k 2 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 7% 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 3 1 0.3 4
76k-100k 10 9 4 0.2 6.7
101k-125k 29 24 1 0.1 7.3
126k-150k 59 35 5 0.1 10.1
151k-175k 74 46 6 0.1 9.7
176k-200k 122 53 8 0.1 13.8
201k-225k 112 57 4 0.1 11.8
226k-250k 145 47 9 0.1 18.5
251k-275k 105 43 2 0.1 14.7
276k-300k 186 52 9 0 21.5
301k-325k 127 48 10 0.1 15.9
326k-350k 144 36 6 0 24
351k-375k 74 15 3 0 29.6
376k-400k 91 29 8 0.1 18.8
401k-425k 43 12 2 0 21.5
426k-450k 47 24 5 0.1 11.8
451k-475k 27 20 5 0.1 8.1
476k-500k 25 9 0.1 16.7
501k-550k 37 16 2 0.1 13.9
551k-600k 21 6 2 0 21
601k-650k 12 2 1 0 36
651k-700k 12 4 1 0.1 18
701k-750k 14 3 1 0 28
751k-800k 9 1 0 54
801k-850k 9 4 1 0.1 13.5
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 4 2 1 0.1 12
1m-1.1m 4 0
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 1 0.1 12
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 16 29 3 0.3 3.3
26k-50k 53 65 15 0.2 4.9
51k-75k 70 35 10 0.1 12
76k-100k 56 7 3 0 48
101k-125k 16 7 0.1 13.7
126k-150k 24 6 1 0 24
151k-175k 27 7 0 23.1
176k-200k 33 4 0 49.5
201k-225k 18 2 0 54
226k-250k 20 3 1 0 40
251k-275k 14 3 0 28
276k-300k 12 1 0 72
301k-325k 7 1 0 42
326k-350k 4 1 1 0 24
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 5 2 0.1 15
551k-600k 9 1 0 54
601k-650k 2 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 1 0 30
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 5 0
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
2.75m-3m 3 0
3m-3.5m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0