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 19 34 7 0.3 3.4
251k-275k 21 31 3 0.2 4.1
276k-300k 37 50 11 0.2 4.4
301k-325k 47 62 6 0.2 4.5
326k-350k 57 86 10 0.3 4
351k-375k 78 75 15 0.2 6.2
376k-400k 121 104 23 0.1 7
401k-425k 67 89 16 0.2 4.5
426k-450k 101 83 12 0.1 7.3
451k-475k 63 58 8 0.2 6.5
476k-500k 103 65 17 0.1 9.5
501k-550k 129 103 10 0.1 7.5
551k-600k 128 94 13 0.1 8.2
601k-650k 87 78 14 0.1 6.7
651k-700k 79 46 8 0.1 10.3
701k-750k 43 34 6 0.1 7.6
751k-800k 49 31 7 0.1 9.5
801k-850k 30 28 9 0.2 6.4
851k-900k 26 9 2 0.1 17.3
901k-950k 22 17 3 0.1 7.8
951k-1m 32 12 5 0.1 16
1m-1.1m 18 12 5 0.1 9
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 15 6 4 0.1 15
1.6m-1.7m 10 7 3 0.1 8.6
1.7m-1.8m 4 7 2 0.3 3.4
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 1 0 48
2m-2.25m 9 6 0.1 9
2.25m-2.5m 7 4 1 0.1 10.5
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 8 5 3 0.1 9.6
3.5m-4m 8 0
4m-4.5m 4 1 0 24
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 107 59 11 0.1 10.9
201k-225k 111 63 10 0.1 10.6
226k-250k 132 49 11 0.1 16.2
251k-275k 97 48 8 0.1 12.1
276k-300k 151 50 6 0.1 18.1
301k-325k 119 45 7 0.1 15.9
326k-350k 117 29 4 0 24.2
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 20 5 0.1 13.8
451k-475k 30 20 3 0.1 9
476k-500k 26 11 5 0.1 14.2
501k-550k 35 17 2 0.1 12.4
551k-600k 18 7 0.1 15.4
601k-650k 11 1 0 66
651k-700k 11 3 1 0 22
701k-750k 12 3 1 0 24
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 10% 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 74 33 8 0.1 13.5
76k-100k 57 6 0 57
101k-125k 17 6 1 0.1 17
126k-150k 27 6 0 27
151k-175k 21 10 4 0.1 12.6
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 7 3 0.1 14
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 8 3 0.1 16
501k-550k 5 1 0 30
551k-600k 9 2 0 27
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 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 1 0.2 6
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