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 7 15 5 0.4 2.8
176k-200k 8 22 5 0.5 2.2
201k-225k 9 19 2 0.4 2.8
226k-250k 20 33 6 0.3 3.6
251k-275k 20 32 4 0.3 3.8
276k-300k 36 50 10 0.2 4.3
301k-325k 44 62 7 0.2 4.3
326k-350k 60 83 7 0.2 4.3
351k-375k 81 74 15 0.2 6.6
376k-400k 117 107 23 0.2 6.6
401k-425k 69 84 11 0.2 4.9
426k-450k 94 86 15 0.2 6.6
451k-475k 64 57 6 0.1 6.7
476k-500k 104 64 16 0.1 9.8
501k-550k 130 102 9 0.1 7.6
551k-600k 129 92 12 0.1 8.4
601k-650k 88 78 14 0.1 6.8
651k-700k 77 47 9 0.1 9.8
701k-750k 44 34 5 0.1 7.8
751k-800k 47 31 7 0.1 9.1
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 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 18 10 4 0.1 10.8
1.3m-1.4m 11 8 1 0.1 8.3
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 6 5 3 0.1 7.2
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
126k-150k 3 4 1 0.2 4.5
151k-175k 6 4 2 0.1 9
176k-200k 12 9 0.1 8
201k-225k 13 16 2 0.2 4.9
226k-250k 27 17 3 0.1 9.5
251k-275k 19 16 5 0.1 7.1
276k-300k 30 24 2 0.1 7.5
301k-325k 30 12 0.1 15
326k-350k 42 18 0.1 14
351k-375k 16 11 0.1 8.7
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 21 25 5 0.2 5
126k-150k 52 38 9 0.1 8.2
151k-175k 67 51 7 0.1 7.9
176k-200k 107 59 11 0.1 10.9
201k-225k 110 61 8 0.1 10.8
226k-250k 130 48 10 0.1 16.3
251k-275k 96 47 7 0.1 12.3
276k-300k 151 49 5 0.1 18.5
301k-325k 116 44 7 0.1 15.8
326k-350k 118 29 4 0 24.4
351k-375k 73 21 4 0 20.9
376k-400k 85 25 7 0 20.4
401k-425k 37 12 4 0.1 18.5
426k-450k 48 19 4 0.1 15.2
451k-475k 31 21 4 0.1 8.9
476k-500k 26 11 5 0.1 14.2
501k-550k 35 17 2 0.1 12.4
551k-600k 16 7 0.1 13.7
601k-650k 11 1 1 0 66
651k-700k 12 2 0 36
701k-750k 10 3 1 0.1 20
751k-800k 7 0
801k-850k 4 3 0.1 8
851k-900k 12 2 1 0 36
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 56 59 17 0.2 5.7
51k-75k 75 33 8 0.1 13.6
76k-100k 55 7 0 47.1
101k-125k 14 6 1 0.1 14
126k-150k 30 6 0 30
151k-175k 21 8 2 0.1 15.8
176k-200k 28 4 1 0 42
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