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 17% 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 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 10 3 1.7 0.6
151k-175k 8 13 4 0.3 3.7
176k-200k 10 22 5 0.4 2.7
201k-225k 9 20 4 0.4 2.7
226k-250k 18 32 9 0.3 3.4
251k-275k 21 32 7 0.3 3.9
276k-300k 39 48 11 0.2 4.9
301k-325k 47 60 5 0.2 4.7
326k-350k 61 85 10 0.2 4.3
351k-375k 85 74 12 0.1 6.9
376k-400k 118 104 26 0.1 6.8
401k-425k 69 85 16 0.2 4.9
426k-450k 99 88 17 0.1 6.8
451k-475k 64 62 13 0.2 6.2
476k-500k 96 67 20 0.1 8.6
501k-550k 127 98 11 0.1 7.8
551k-600k 136 92 12 0.1 8.9
601k-650k 88 79 10 0.1 6.7
651k-700k 78 45 10 0.1 10.4
701k-750k 47 36 8 0.1 7.8
751k-800k 50 32 8 0.1 9.4
801k-850k 30 29 8 0.2 6.2
851k-900k 28 12 5 0.1 14
901k-950k 19 17 2 0.1 6.7
951k-1m 31 12 5 0.1 15.5
1m-1.1m 18 13 6 0.1 8.3
1.1m-1.2m 26 17 4 0.1 9.2
1.2m-1.3m 16 11 4 0.1 8.7
1.3m-1.4m 12 8 1 0.1 9
1.4m-1.5m 17 8 2 0.1 12.8
1.5m-1.6m 14 6 4 0.1 14
1.6m-1.7m 11 6 1 0.1 11
1.7m-1.8m 5 9 3 0.3 3.3
1.8m-1.9m 8 3 0.1 16
1.9m-2m 8 1 0 48
2m-2.25m 10 5 0.1 12
2.25m-2.5m 5 4 2 0.1 7.5
2.5m-2.75m 11 0
2.75m-3m 10 2 1 0 30
3m-3.5m 8 5 2 0.1 9.6
3.5m-4m 7 1 1 0 42
4m-4.5m 5 1 0 30
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 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 0
101k-125k 1 0
126k-150k 2 4 0.3 3
151k-175k 7 4 2 0.1 10.5
176k-200k 10 11 2 0.2 5.5
201k-225k 16 16 2 0.2 6
226k-250k 27 17 2 0.1 9.5
251k-275k 19 17 3 0.1 6.7
276k-300k 30 21 3 0.1 8.6
301k-325k 31 11 0.1 16.9
326k-350k 41 18 0.1 13.7
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
401k-425k 3 1 0.1 18
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 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
51k-75k 1 1 1 0.2 6
76k-100k 11 12 3 0.2 5.5
101k-125k 20 26 5 0.2 4.6
126k-150k 56 36 9 0.1 9.3
151k-175k 71 53 9 0.1 8
176k-200k 114 59 8 0.1 11.6
201k-225k 109 63 11 0.1 10.4
226k-250k 137 53 15 0.1 15.5
251k-275k 100 49 8 0.1 12.2
276k-300k 156 52 8 0.1 18
301k-325k 109 47 10 0.1 13.9
326k-350k 125 32 6 0 23.4
351k-375k 77 17 3 0 27.2
376k-400k 88 22 7 0 24
401k-425k 41 14 5 0.1 17.6
426k-450k 47 21 7 0.1 13.4
451k-475k 30 18 3 0.1 10
476k-500k 24 12 6 0.1 12
501k-550k 36 19 3 0.1 11.4
551k-600k 19 7 0.1 16.3
601k-650k 12 1 0 72
651k-700k 12 2 0 36
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 7 2 0 21
851k-900k 12 2 1 0 36
901k-950k 2 0
951k-1m 4 1 0 24
1m-1.1m 3 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 4 1 0 24
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 11% 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 18 31 4 0.3 3.5
26k-50k 54 60 20 0.2 5.4
51k-75k 77 32 9 0.1 14.4
76k-100k 54 7 1 0 46.3
101k-125k 16 6 2 0.1 16
126k-150k 28 6 0 28
151k-175k 24 11 5 0.1 13.1
176k-200k 26 5 2 0 31.2
201k-225k 21 2 1 0 63
226k-250k 15 3 1 0 30
251k-275k 17 4 0 25.5
276k-300k 7 3 0.1 14
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 2 1 1 0.1 12
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 8 2 0 24
601k-650k 2 3 0.3 4
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 3 1 0.1 18
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 1 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 2 0.2 6
2.5m-2.75m 1 0
2.75m-3m 4 0
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