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 0.6 1.6
151k-175k 9 12 2 0.2 4.5
176k-200k 11 23 3 0.3 2.9
201k-225k 7 20 2 0.5 2.1
226k-250k 23 32 4 0.2 4.3
251k-275k 19 29 6 0.3 3.9
276k-300k 41 47 12 0.2 5.2
301k-325k 46 56 9 0.2 4.9
326k-350k 65 77 12 0.2 5.1
351k-375k 87 77 13 0.1 6.8
376k-400k 129 87 11 0.1 8.9
401k-425k 74 80 11 0.2 5.6
426k-450k 108 69 9 0.1 9.4
451k-475k 74 45 6 0.1 9.9
476k-500k 96 65 12 0.1 8.9
501k-550k 130 94 12 0.1 8.3
551k-600k 129 84 15 0.1 9.2
601k-650k 94 74 10 0.1 7.6
651k-700k 91 42 8 0.1 13
701k-750k 46 30 4 0.1 9.2
751k-800k 53 33 3 0.1 9.6
801k-850k 32 25 3 0.1 7.7
851k-900k 36 14 5 0.1 15.4
901k-950k 21 16 2 0.1 7.9
951k-1m 27 12 4 0.1 13.5
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 19 18 7 0.2 6.3
1.3m-1.4m 14 7 3 0.1 12
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 15 5 0.1 18
1.7m-1.8m 4 7 3 0.3 3.4
1.8m-1.9m 11 2 0 33
1.9m-2m 8 1 0 48
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 11 2 1 0 33
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 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 26 12 0.1 13
226k-250k 27 16 1 0.1 10.1
251k-275k 24 17 3 0.1 8.5
276k-300k 31 21 5 0.1 8.9
301k-325k 20 10 1 0.1 12
326k-350k 29 13 3 0.1 13.4
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 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 27 25 0.2 6.5
126k-150k 58 35 6 0.1 9.9
151k-175k 67 46 5 0.1 8.7
176k-200k 117 53 9 0.1 13.2
201k-225k 105 59 3 0.1 10.7
226k-250k 148 45 7 0.1 19.7
251k-275k 98 43 5 0.1 13.7
276k-300k 178 53 11 0 20.2
301k-325k 120 47 7 0.1 15.3
326k-350k 144 34 7 0 25.4
351k-375k 66 16 2 0 24.8
376k-400k 90 26 5 0 20.8
401k-425k 41 13 2 0.1 18.9
426k-450k 52 22 3 0.1 14.2
451k-475k 26 21 5 0.1 7.4
476k-500k 24 9 1 0.1 16
501k-550k 37 17 3 0.1 13.1
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 29 2 0.3 3.5
26k-50k 52 68 15 0.2 4.6
51k-75k 68 35 9 0.1 11.7
76k-100k 54 7 3 0 46.3
101k-125k 15 7 0.1 12.9
126k-150k 24 5 1 0 28.8
151k-175k 27 8 0 20.3
176k-200k 33 5 0 39.6
201k-225k 17 2 1 0 51
226k-250k 20 3 1 0 40
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 5 0
701k-750k 1 0
751k-800k 5 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