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 14% 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 9 12 2 0.2 4.5
176k-200k 11 24 4 0.4 2.8
201k-225k 8 20 2 0.4 2.4
226k-250k 23 32 4 0.2 4.3
251k-275k 20 29 5 0.2 4.1
276k-300k 41 46 12 0.2 5.3
301k-325k 45 55 9 0.2 4.9
326k-350k 68 76 11 0.2 5.4
351k-375k 88 76 13 0.1 6.9
376k-400k 133 87 9 0.1 9.2
401k-425k 75 78 10 0.2 5.8
426k-450k 109 69 8 0.1 9.5
451k-475k 78 45 6 0.1 10.4
476k-500k 98 66 12 0.1 8.9
501k-550k 133 95 13 0.1 8.4
551k-600k 128 83 15 0.1 9.3
601k-650k 93 75 9 0.1 7.4
651k-700k 91 43 9 0.1 12.7
701k-750k 48 31 4 0.1 9.3
751k-800k 53 33 4 0.1 9.6
801k-850k 32 25 3 0.1 7.7
851k-900k 36 14 5 0.1 15.4
901k-950k 21 16 2 0.1 7.9
951k-1m 28 10 3 0.1 16.8
1m-1.1m 23 10 1 0.1 13.8
1.1m-1.2m 20 19 4 0.2 6.3
1.2m-1.3m 19 18 7 0.2 6.3
1.3m-1.4m 15 7 3 0.1 12.9
1.4m-1.5m 16 14 3 0.1 6.9
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 15 5 0.1 18
1.7m-1.8m 5 7 3 0.2 4.3
1.8m-1.9m 10 3 1 0.1 20
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 2 0.1 16.5
2.5m-2.75m 11 2 1 0 33
2.75m-3m 12 1 0 72
3m-3.5m 8 3 0.1 16
3.5m-4m 9 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 6 1 0 36
5.01m-6m 4 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 2 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 9 4 1 0.1 13.5
176k-200k 10 6 1 0.1 10
201k-225k 25 12 0.1 12.5
226k-250k 29 15 1 0.1 11.6
251k-275k 25 17 3 0.1 8.8
276k-300k 33 21 4 0.1 9.4
301k-325k 21 10 1 0.1 12.6
326k-350k 29 13 3 0.1 13.4
351k-375k 16 9 1 0.1 10.7
376k-400k 14 2 1 0 42
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 9 8 3 0.1 6.8
101k-125k 27 25 0.2 6.5
126k-150k 60 35 5 0.1 10.3
151k-175k 67 46 5 0.1 8.7
176k-200k 117 51 9 0.1 13.8
201k-225k 107 58 4 0.1 11.1
226k-250k 148 45 7 0.1 19.7
251k-275k 100 43 5 0.1 14
276k-300k 182 54 10 0 20.2
301k-325k 118 48 10 0.1 14.8
326k-350k 144 34 7 0 25.4
351k-375k 70 16 2 0 26.3
376k-400k 89 27 6 0.1 19.8
401k-425k 41 14 3 0.1 17.6
426k-450k 51 22 3 0.1 13.9
451k-475k 26 21 5 0.1 7.4
476k-500k 25 9 1 0.1 16.7
501k-550k 36 17 3 0.1 12.7
551k-600k 22 5 1 0 26.4
601k-650k 11 2 1 0 33
651k-700k 12 4 1 0.1 18
701k-750k 14 3 1 0 28
751k-800k 7 1 0 42
801k-850k 8 3 0.1 16
851k-900k 12 2 1 0 36
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 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 10% 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 29 2 0.3 3.5
26k-50k 51 69 16 0.2 4.4
51k-75k 69 35 9 0.1 11.8
76k-100k 54 7 3 0 46.3
101k-125k 15 7 0.1 12.9
126k-150k 25 6 1 0 25
151k-175k 27 6 0 27
176k-200k 33 5 0 39.6
201k-225k 17 2 1 0 51
226k-250k 20 3 1 0 40
251k-275k 15 3 0 30
276k-300k 12 1 0 72
301k-325k 6 2 1 0.1 18
326k-350k 3 1 1 0.1 18
351k-375k 2 1 0.1 12
376k-400k 3 0
426k-450k 3 0
451k-475k 3 0
476k-500k 9 2 0 27
501k-550k 4 2 0.1 12
551k-600k 8 1 0 48
601k-650k 2 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 0
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 6 1 0 36
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