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 15% 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 1 0.2 4.5
176k-200k 12 23 4 0.3 3.1
201k-225k 9 17 1 0.3 3.2
226k-250k 23 31 4 0.2 4.5
251k-275k 21 28 4 0.2 4.5
276k-300k 41 46 10 0.2 5.3
301k-325k 43 55 8 0.2 4.7
326k-350k 69 77 12 0.2 5.4
351k-375k 86 78 12 0.2 6.6
376k-400k 138 85 9 0.1 9.7
401k-425k 70 78 9 0.2 5.4
426k-450k 114 67 8 0.1 10.2
451k-475k 80 46 6 0.1 10.4
476k-500k 96 63 12 0.1 9.1
501k-550k 135 94 11 0.1 8.6
551k-600k 128 83 14 0.1 9.3
601k-650k 91 75 9 0.1 7.3
651k-700k 97 42 8 0.1 13.9
701k-750k 50 31 4 0.1 9.7
751k-800k 51 34 4 0.1 9
801k-850k 32 25 3 0.1 7.7
851k-900k 36 14 5 0.1 15.4
901k-950k 24 16 2 0.1 9
951k-1m 29 9 2 0.1 19.3
1m-1.1m 23 10 1 0.1 13.8
1.1m-1.2m 23 18 4 0.1 7.7
1.2m-1.3m 18 18 6 0.2 6
1.3m-1.4m 16 7 3 0.1 13.7
1.4m-1.5m 15 14 2 0.2 6.4
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 6 1 0.1 14
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 10 2 1 0 30
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 10 5 2 0.1 12
2.5m-2.75m 13 2 1 0 39
2.75m-3m 10 2 1 0 30
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 0
5.01m-6m 5 2 1 0.1 15
6.01m-7m 1 0
7.01m-8m 2 0
9.01m-10m 1 0
15.01m-16m 1 0

Townhouses 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
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 11 0.1 13.6
226k-250k 29 14 1 0.1 12.4
251k-275k 28 16 2 0.1 10.5
276k-300k 31 22 6 0.1 8.5
301k-325k 21 9 1 0.1 14
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 30 24 0.1 7.5
126k-150k 59 35 5 0.1 10.1
151k-175k 72 45 5 0.1 9.6
176k-200k 117 52 8 0.1 13.5
201k-225k 109 58 4 0.1 11.3
226k-250k 150 44 6 0 20.5
251k-275k 101 44 3 0.1 13.8
276k-300k 183 52 9 0 21.1
301k-325k 121 48 10 0.1 15.1
326k-350k 145 35 6 0 24.9
351k-375k 72 14 2 0 30.9
376k-400k 90 28 7 0.1 19.3
401k-425k 45 12 2 0 22.5
426k-450k 47 24 5 0.1 11.8
451k-475k 26 20 5 0.1 7.8
476k-500k 25 9 0.1 16.7
501k-550k 36 16 2 0.1 13.5
551k-600k 22 5 1 0 26.4
601k-650k 12 2 1 0 36
651k-700k 12 4 1 0.1 18
701k-750k 14 3 1 0 28
751k-800k 7 1 0 42
801k-850k 7 4 1 0.1 10.5
851k-900k 12 2 0 36
901k-950k 3 0
951k-1m 4 2 1 0.1 12
1m-1.1m 4 0
1.1m-1.2m 9 3 0.1 18
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 2 1 0.1 12
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 16 29 3 0.3 3.3
26k-50k 53 66 15 0.2 4.8
51k-75k 69 34 9 0.1 12.2
76k-100k 55 7 3 0 47.1
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 16 2 0 48
226k-250k 21 3 1 0 42
251k-275k 14 3 0 28
276k-300k 12 1 0 72
301k-325k 6 2 1 0.1 18
326k-350k 4 1 1 0 24
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 2 0.2 6
651k-700k 6 0
701k-750k 1 0
751k-800k 5 1 0 30
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 0
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