Absorption Report

Fort Myers

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 Since 12/31 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 2 0.3 3
101k-125k 7 1 1.2 0
126k-150k 1 9 1 1.5 0.7
151k-175k 8 14 4 0.3 3.4
176k-200k 8 23 6 0.5 2.1
201k-225k 9 19 2 0.4 2.8
226k-250k 20 33 6 0.3 3.6
251k-275k 21 31 3 0.2 4.1
276k-300k 36 50 11 0.2 4.3
301k-325k 46 62 6 0.2 4.5
326k-350k 56 86 10 0.3 3.9
351k-375k 80 74 14 0.2 6.5
376k-400k 120 105 23 0.1 6.9
401k-425k 67 85 11 0.2 4.7
426k-450k 99 85 14 0.1 7
451k-475k 63 57 7 0.2 6.6
476k-500k 104 65 17 0.1 9.6
501k-550k 129 102 9 0.1 7.6
551k-600k 127 94 13 0.1 8.1
601k-650k 87 78 14 0.1 6.7
651k-700k 76 46 8 0.1 9.9
701k-750k 43 34 6 0.1 7.6
751k-800k 48 31 7 0.1 9.3
801k-850k 31 28 9 0.2 6.6
851k-900k 25 9 2 0.1 16.7
901k-950k 22 17 3 0.1 7.8
951k-1m 33 12 5 0.1 16.5
1m-1.1m 16 13 6 0.1 7.4
1.1m-1.2m 26 17 4 0.1 9.2
1.2m-1.3m 19 10 4 0.1 11.4
1.3m-1.4m 12 8 1 0.1 9
1.4m-1.5m 16 6 2 0.1 16
1.5m-1.6m 14 6 4 0.1 14
1.6m-1.7m 10 7 3 0.1 8.6
1.7m-1.8m 3 7 2 0.4 2.6
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 1 0 48
2m-2.25m 9 5 0.1 10.8
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 7 5 3 0.1 8.4
3.5m-4m 8 0
4m-4.5m 3 1 0.1 18
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 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.3 3
151k-175k 6 4 2 0.1 9
176k-200k 12 9 0.1 8
201k-225k 15 16 2 0.2 5.6
226k-250k 27 17 3 0.1 9.5
251k-275k 19 16 5 0.1 7.1
276k-300k 29 24 2 0.1 7.3
301k-325k 30 11 0.1 16.4
326k-350k 42 18 0.1 14
351k-375k 15 11 0.1 8.2
376k-400k 14 1 0 84
401k-425k 3 1 1 0.1 18
426k-450k 3 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 Since 12/31 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 11 2 0.2 5.5
101k-125k 20 26 6 0.2 4.6
126k-150k 54 39 10 0.1 8.3
151k-175k 69 53 8 0.1 7.8
176k-200k 106 59 11 0.1 10.8
201k-225k 112 62 9 0.1 10.8
226k-250k 132 49 11 0.1 16.2
251k-275k 97 47 7 0.1 12.4
276k-300k 152 49 5 0.1 18.6
301k-325k 117 45 7 0.1 15.6
326k-350k 118 29 4 0 24.4
351k-375k 73 20 3 0 21.9
376k-400k 87 24 7 0 21.8
401k-425k 40 12 4 0.1 20
426k-450k 46 19 4 0.1 14.5
451k-475k 30 21 4 0.1 8.6
476k-500k 26 11 5 0.1 14.2
501k-550k 35 17 2 0.1 12.4
551k-600k 17 7 0.1 14.6
601k-650k 11 1 0 66
651k-700k 12 2 0 36
701k-750k 11 3 1 0 22
751k-800k 6 0
801k-850k 6 3 0.1 12
851k-900k 13 2 1 0 39
901k-950k 2 0
951k-1m 4 1 1 0 24
1m-1.1m 2 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 9% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 29 5 0.3 3.7
26k-50k 55 59 17 0.2 5.6
51k-75k 75 33 8 0.1 13.6
76k-100k 56 6 0 56
101k-125k 17 6 1 0.1 17
126k-150k 27 6 0 27
151k-175k 22 9 3 0.1 14.7
176k-200k 26 4 1 0 39
201k-225k 20 2 1 0 60
226k-250k 16 3 0 32
251k-275k 17 4 1 0 25.5
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 3 0
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 10 2 0 30
601k-650k 5 3 0.1 10
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 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 2 1 0.3 3
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
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