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 13 2 0.2 4.2
176k-200k 12 24 5 0.3 3
201k-225k 9 19 1 0.4 2.8
226k-250k 23 29 2 0.2 4.8
251k-275k 22 28 4 0.2 4.7
276k-300k 43 50 11 0.2 5.2
301k-325k 46 53 7 0.2 5.2
326k-350k 74 74 10 0.2 6
351k-375k 90 79 14 0.1 6.8
376k-400k 140 84 9 0.1 10
401k-425k 72 80 11 0.2 5.4
426k-450k 120 67 9 0.1 10.7
451k-475k 80 47 6 0.1 10.2
476k-500k 100 60 12 0.1 10
501k-550k 138 95 12 0.1 8.7
551k-600k 130 84 15 0.1 9.3
601k-650k 88 76 11 0.1 6.9
651k-700k 100 42 9 0.1 14.3
701k-750k 58 31 3 0.1 11.2
751k-800k 49 34 5 0.1 8.6
801k-850k 38 25 3 0.1 9.1
851k-900k 38 14 5 0.1 16.3
901k-950k 22 17 3 0.1 7.8
951k-1m 26 11 4 0.1 14.2
1m-1.1m 23 11 2 0.1 12.5
1.1m-1.2m 26 16 3 0.1 9.8
1.2m-1.3m 17 18 5 0.2 5.7
1.3m-1.4m 17 7 3 0.1 14.6
1.4m-1.5m 14 14 1 0.2 6
1.5m-1.6m 14 9 2 0.1 9.3
1.6m-1.7m 13 5 1 0.1 15.6
1.7m-1.8m 8 6 1 0.1 8
1.8m-1.9m 8 3 2 0.1 16
1.9m-2m 7 1 0 42
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 10 3 1 0.1 20
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 2 1 0 27
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 10 4 1 0.1 15
176k-200k 9 6 1 0.1 9
201k-225k 25 11 0.1 13.6
226k-250k 31 14 1 0.1 13.3
251k-275k 27 16 2 0.1 10.1
276k-300k 37 22 4 0.1 10.1
301k-325k 20 9 1 0.1 13.3
326k-350k 29 13 2 0.1 13.4
351k-375k 15 9 1 0.1 10
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 11 7 2 0.1 9.4
101k-125k 30 24 1 0.1 7.5
126k-150k 61 34 5 0.1 10.8
151k-175k 74 46 6 0.1 9.7
176k-200k 121 52 7 0.1 14
201k-225k 113 56 4 0.1 12.1
226k-250k 145 48 9 0.1 18.1
251k-275k 108 44 1 0.1 14.7
276k-300k 193 53 10 0 21.8
301k-325k 125 48 8 0.1 15.6
326k-350k 146 35 5 0 25
351k-375k 73 16 4 0 27.4
376k-400k 95 29 8 0.1 19.7
401k-425k 45 13 1 0 20.8
426k-450k 47 23 4 0.1 12.3
451k-475k 27 19 5 0.1 8.5
476k-500k 26 9 0.1 17.3
501k-550k 38 16 2 0.1 14.3
551k-600k 21 6 2 0 21
601k-650k 12 2 1 0 36
651k-700k 13 3 1 0 26
701k-750k 14 4 2 0 21
751k-800k 10 1 0 60
801k-850k 9 3 1 0.1 18
851k-900k 10 2 0 30
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 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
2.5m-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 56 65 14 0.2 5.2
51k-75k 69 35 9 0.1 11.8
76k-100k 57 7 3 0 48.9
101k-125k 16 7 0.1 13.7
126k-150k 24 7 2 0 20.6
151k-175k 27 7 0 23.1
176k-200k 32 5 1 0 38.4
201k-225k 18 2 0 54
226k-250k 20 3 0 40
251k-275k 14 3 0 28
276k-300k 11 1 0 66
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 1 0
1.1m-1.2m 5 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