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 1 8 1.3 0.8
126k-150k 3 12 1 0.7 1.5
151k-175k 9 13 2 0.2 4.2
176k-200k 13 24 5 0.3 3.3
201k-225k 9 19 1 0.4 2.8
226k-250k 26 27 2 0.2 5.8
251k-275k 27 28 3 0.2 5.8
276k-300k 43 52 13 0.2 5
301k-325k 49 53 7 0.2 5.5
326k-350k 75 74 10 0.2 6.1
351k-375k 90 79 16 0.1 6.8
376k-400k 137 86 12 0.1 9.6
401k-425k 79 81 12 0.2 5.9
426k-450k 120 66 9 0.1 10.9
451k-475k 78 47 6 0.1 10
476k-500k 101 61 13 0.1 9.9
501k-550k 141 93 10 0.1 9.1
551k-600k 133 84 15 0.1 9.5
601k-650k 89 76 10 0.1 7
651k-700k 101 41 9 0.1 14.8
701k-750k 64 30 3 0.1 12.8
751k-800k 47 35 7 0.1 8.1
801k-850k 41 26 4 0.1 9.5
851k-900k 40 13 5 0.1 18.5
901k-950k 22 17 2 0.1 7.8
951k-1m 28 10 3 0.1 16.8
1m-1.1m 21 11 2 0.1 11.5
1.1m-1.2m 26 17 4 0.1 9.2
1.2m-1.3m 18 18 5 0.2 6
1.3m-1.4m 16 7 3 0.1 13.7
1.4m-1.5m 13 15 2 0.2 5.2
1.5m-1.6m 15 10 3 0.1 9
1.6m-1.7m 12 5 1 0.1 14.4
1.7m-1.8m 9 5 1 0.1 10.8
1.8m-1.9m 8 3 2 0.1 16
1.9m-2m 7 1 0 42
2m-2.25m 7 4 1 0.1 10.5
2.25m-2.5m 10 3 1 0.1 20
2.5m-2.75m 15 2 1 0 45
2.75m-3m 9 2 1 0 27
3m-3.5m 8 3 0.1 16
3.5m-4m 10 2 1 0 30
4m-4.5m 6 3 2 0.1 12
4.5m-5m 7 0
5.01m-6m 4 3 2 0.1 8
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 10 4 1 0.1 15
176k-200k 9 6 1 0.1 9
201k-225k 27 11 0.1 14.7
226k-250k 33 14 1 0.1 14.1
251k-275k 28 16 2 0.1 10.5
276k-300k 40 22 4 0.1 10.9
301k-325k 20 9 1 0.1 13.3
326k-350k 29 13 2 0.1 13.4
351k-375k 16 9 1 0.1 10.7
376k-400k 13 2 1 0 39
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 4 0
476k-500k 2 0
501k-550k 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 3 2 0.1 9
76k-100k 11 7 2 0.1 9.4
101k-125k 30 25 2 0.1 7.2
126k-150k 63 33 4 0.1 11.5
151k-175k 71 49 8 0.1 8.7
176k-200k 123 52 7 0.1 14.2
201k-225k 113 58 6 0.1 11.7
226k-250k 143 50 12 0.1 17.2
251k-275k 110 43 1 0.1 15.3
276k-300k 195 54 11 0 21.7
301k-325k 130 48 8 0.1 16.3
326k-350k 146 35 4 0 25
351k-375k 73 17 5 0 25.8
376k-400k 98 29 8 0 20.3
401k-425k 44 14 2 0.1 18.9
426k-450k 48 23 4 0.1 12.5
451k-475k 27 21 7 0.1 7.7
476k-500k 27 9 0.1 18
501k-550k 39 15 2 0.1 15.6
551k-600k 20 7 3 0.1 17.1
601k-650k 12 2 1 0 36
651k-700k 13 3 1 0 26
701k-750k 15 4 2 0 22.5
751k-800k 11 1 0 66
801k-850k 8 3 1 0.1 16
851k-900k 10 2 0 30
901k-950k 3 0
951k-1m 5 2 1 0.1 15
1m-1.1m 5 0
1.1m-1.2m 9 3 0.1 18
1.2m-1.3m 2 1 0.1 12
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 2 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 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 2 0.3 3.3
26k-50k 73 65 14 0.1 6.7
51k-75k 67 38 12 0.1 10.6
76k-100k 56 6 2 0 56
101k-125k 17 7 0.1 14.6
126k-150k 23 8 3 0.1 17.3
151k-175k 28 9 1 0.1 18.7
176k-200k 34 4 1 0 51
201k-225k 19 2 0 57
226k-250k 22 3 0 44
251k-275k 13 3 0 26
276k-300k 14 1 0 84
301k-325k 7 1 0 42
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 3 1 0.1 20
501k-550k 4 2 0.1 12
551k-600k 9 1 0 54
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
1m-1.1m 2 0
1.1m-1.2m 4 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