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 9 2 1.5 0.7
151k-175k 7 13 4 0.3 3.2
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 20 31 6 0.3 3.9
276k-300k 40 48 11 0.2 5
301k-325k 47 60 5 0.2 4.7
326k-350k 60 86 11 0.2 4.2
351k-375k 83 74 12 0.1 6.7
376k-400k 118 103 25 0.1 6.9
401k-425k 70 85 16 0.2 4.9
426k-450k 97 88 17 0.2 6.6
451k-475k 65 60 11 0.2 6.5
476k-500k 98 65 18 0.1 9
501k-550k 128 99 12 0.1 7.8
551k-600k 134 92 12 0.1 8.7
601k-650k 88 79 10 0.1 6.7
651k-700k 81 45 10 0.1 10.8
701k-750k 46 36 8 0.1 7.7
751k-800k 51 31 7 0.1 9.9
801k-850k 30 29 8 0.2 6.2
851k-900k 29 11 4 0.1 15.8
901k-950k 20 16 2 0.1 7.5
951k-1m 31 13 5 0.1 14.3
1m-1.1m 18 12 5 0.1 9
1.1m-1.2m 26 17 4 0.1 9.2
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 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 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 16 2 0.2 5.6
226k-250k 28 17 2 0.1 9.9
251k-275k 19 17 3 0.1 6.7
276k-300k 29 22 4 0.1 7.9
301k-325k 31 11 0.1 16.9
326k-350k 41 18 0.1 13.7
351k-375k 16 11 0.1 8.7
376k-400k 15 1 0 90
401k-425k 3 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 71 52 8 0.1 8.2
176k-200k 112 59 8 0.1 11.4
201k-225k 108 63 11 0.1 10.3
226k-250k 136 53 15 0.1 15.4
251k-275k 99 48 7 0.1 12.4
276k-300k 154 51 7 0.1 18.1
301k-325k 112 45 8 0.1 14.9
326k-350k 124 31 5 0 24
351k-375k 77 17 3 0 27.2
376k-400k 87 22 7 0 23.7
401k-425k 43 12 3 0 21.5
426k-450k 47 21 7 0.1 13.4
451k-475k 30 18 3 0.1 10
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 3 1 0.1 18
1.3m-1.4m 7 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 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 55 59 19 0.2 5.6
51k-75k 76 32 9 0.1 14.3
76k-100k 54 7 1 0 46.3
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