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 12 2 0.7 1.5
151k-175k 9 12 1 0.2 4.5
176k-200k 12 22 3 0.3 3.3
201k-225k 10 20 2 0.3 3
226k-250k 19 34 6 0.3 3.4
251k-275k 22 29 7 0.2 4.6
276k-300k 42 44 8 0.2 5.7
301k-325k 44 55 8 0.2 4.8
326k-350k 66 79 11 0.2 5
351k-375k 84 78 18 0.2 6.5
376k-400k 129 95 21 0.1 8.1
401k-425k 71 81 13 0.2 5.3
426k-450k 104 75 12 0.1 8.3
451k-475k 74 49 11 0.1 9.1
476k-500k 101 61 12 0.1 9.9
501k-550k 121 95 14 0.1 7.6
551k-600k 136 89 19 0.1 9.2
601k-650k 92 80 12 0.1 6.9
651k-700k 88 44 7 0.1 12
701k-750k 49 30 4 0.1 9.8
751k-800k 53 34 8 0.1 9.4
801k-850k 30 23 6 0.1 7.8
851k-900k 38 14 7 0.1 16.3
901k-950k 22 17 3 0.1 7.8
951k-1m 31 11 2 0.1 16.9
1m-1.1m 20 13 5 0.1 9.2
1.1m-1.2m 19 18 5 0.2 6.3
1.2m-1.3m 14 16 8 0.2 5.3
1.3m-1.4m 15 9 1 0.1 10
1.4m-1.5m 16 14 5 0.1 6.9
1.5m-1.6m 12 8 3 0.1 9
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 5 1 0 30
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 14 3 0.1 15
351k-375k 18 9 0.1 12
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 27 2 0.2 5.6
126k-150k 60 33 5 0.1 10.9
151k-175k 75 46 6 0.1 9.8
176k-200k 124 53 13 0.1 14
201k-225k 105 61 10 0.1 10.3
226k-250k 148 43 7 0 20.7
251k-275k 103 49 6 0.1 12.6
276k-300k 177 55 13 0.1 19.3
301k-325k 119 43 5 0.1 16.6
326k-350k 135 38 10 0 21.3
351k-375k 71 16 2 0 26.6
376k-400k 89 25 6 0 21.4
401k-425k 41 16 5 0.1 15.4
426k-450k 55 21 6 0.1 15.7
451k-475k 27 21 4 0.1 7.7
476k-500k 26 8 1 0.1 19.5
501k-550k 37 18 4 0.1 12.3
551k-600k 18 6 1 0.1 18
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 31 5 0.3 3.3
26k-50k 62 60 11 0.2 6.2
51k-75k 80 29 3 0.1 16.6
76k-100k 58 8 3 0 43.5
101k-125k 17 7 3 0.1 14.6
126k-150k 24 6 0 24
151k-175k 26 8 2 0.1 19.5
176k-200k 31 7 3 0 26.6
201k-225k 17 1 1 0 102
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 4 0
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 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