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 3 11 1 0.6 1.6
151k-175k 9 12 2 0.2 4.5
176k-200k 10 24 5 0.4 2.5
201k-225k 7 20 2 0.5 2.1
226k-250k 23 32 4 0.2 4.3
251k-275k 20 28 6 0.2 4.3
276k-300k 43 46 9 0.2 5.6
301k-325k 46 57 11 0.2 4.8
326k-350k 66 77 12 0.2 5.1
351k-375k 86 77 13 0.1 6.7
376k-400k 127 87 12 0.1 8.8
401k-425k 77 82 13 0.2 5.6
426k-450k 106 70 10 0.1 9.1
451k-475k 74 44 5 0.1 10.1
476k-500k 94 65 11 0.1 8.7
501k-550k 129 93 12 0.1 8.3
551k-600k 126 87 15 0.1 8.7
601k-650k 93 74 10 0.1 7.5
651k-700k 88 42 8 0.1 12.6
701k-750k 48 30 4 0.1 9.6
751k-800k 50 33 5 0.1 9.1
801k-850k 32 25 3 0.1 7.7
851k-900k 36 14 5 0.1 15.4
901k-950k 21 17 2 0.1 7.4
951k-1m 27 13 4 0.1 12.5
1m-1.1m 21 10 1 0.1 12.6
1.1m-1.2m 20 19 4 0.2 6.3
1.2m-1.3m 17 18 8 0.2 5.7
1.3m-1.4m 14 8 3 0.1 10.5
1.4m-1.5m 17 14 3 0.1 7.3
1.5m-1.6m 13 8 2 0.1 9.8
1.6m-1.7m 14 5 0.1 16.8
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 9 2 0 27
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 10 2 1 0 30
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 1 0
8.01m-9m 1 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 13 0.1 11.5
226k-250k 27 16 1 0.1 10.1
251k-275k 24 17 3 0.1 8.5
276k-300k 30 22 5 0.1 8.2
301k-325k 21 10 1 0.1 12.6
326k-350k 28 14 3 0.1 12
351k-375k 17 8 0.1 12.8
376k-400k 13 2 1 0 39
401k-425k 1 1 0.2 6
426k-450k 2 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 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 6 8 3 0.2 4.5
101k-125k 28 25 1 0.1 6.7
126k-150k 55 35 6 0.1 9.4
151k-175k 68 46 5 0.1 8.9
176k-200k 115 52 8 0.1 13.3
201k-225k 105 60 4 0.1 10.5
226k-250k 146 46 7 0.1 19
251k-275k 97 44 5 0.1 13.2
276k-300k 176 52 11 0 20.3
301k-325k 120 46 6 0.1 15.7
326k-350k 140 36 7 0 23.3
351k-375k 64 16 2 0 24
376k-400k 87 25 5 0 20.9
401k-425k 42 14 2 0.1 18
426k-450k 50 22 3 0.1 13.6
451k-475k 26 21 5 0.1 7.4
476k-500k 26 9 1 0.1 17.3
501k-550k 38 17 3 0.1 13.4
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
651k-700k 13 3 0 26
701k-750k 14 3 1 0 28
751k-800k 5 1 0 30
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 6 0
1.4m-1.5m 5 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 31 3 0.3 3.3
26k-50k 55 64 10 0.2 5.2
51k-75k 66 34 8 0.1 11.6
76k-100k 54 8 4 0 40.5
101k-125k 15 7 0.1 12.9
126k-150k 24 5 1 0 28.8
151k-175k 26 8 0.1 19.5
176k-200k 32 5 0 38.4
201k-225k 17 2 1 0 51
226k-250k 19 3 1 0 38
251k-275k 15 3 0 30
276k-300k 12 1 0 72
301k-325k 5 2 1 0.1 15
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 2 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 4 0
701k-750k 2 0
751k-800k 4 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