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 1.2 0
126k-150k 3 12 4 0.7 1.5
151k-175k 8 12 3 0.3 4
176k-200k 8 23 3 0.5 2.1
201k-225k 9 20 2 0.4 2.7
226k-250k 21 34 8 0.3 3.7
251k-275k 17 30 6 0.3 3.4
276k-300k 42 42 6 0.2 6
301k-325k 46 62 10 0.2 4.5
326k-350k 58 81 8 0.2 4.3
351k-375k 84 74 13 0.1 6.8
376k-400k 120 103 25 0.1 7
401k-425k 67 79 14 0.2 5.1
426k-450k 99 82 16 0.1 7.2
451k-475k 66 63 13 0.2 6.3
476k-500k 98 64 16 0.1 9.2
501k-550k 125 94 9 0.1 8
551k-600k 145 88 12 0.1 9.9
601k-650k 82 80 11 0.2 6.2
651k-700k 83 43 10 0.1 11.6
701k-750k 47 33 3 0.1 8.5
751k-800k 53 34 11 0.1 9.4
801k-850k 27 30 9 0.2 5.4
851k-900k 32 13 6 0.1 14.8
901k-950k 19 16 3 0.1 7.1
951k-1m 32 12 5 0.1 16
1m-1.1m 19 11 6 0.1 10.4
1.1m-1.2m 21 20 4 0.2 6.3
1.2m-1.3m 19 11 3 0.1 10.4
1.3m-1.4m 14 8 0.1 10.5
1.4m-1.5m 17 9 3 0.1 11.3
1.5m-1.6m 14 6 2 0.1 14
1.6m-1.7m 14 7 1 0.1 12
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 9 3 0.1 18
1.9m-2m 8 1 0 48
2m-2.25m 9 4 1 0.1 13.5
2.25m-2.5m 7 4 2 0.1 10.5
2.5m-2.75m 12 0
2.75m-3m 9 2 1 0 27
3m-3.5m 9 4 0.1 13.5
3.5m-4m 7 1 1 0 42
4m-4.5m 7 1 0 42
4.5m-5m 1 1 0.2 6
5.01m-6m 6 1 0 36
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 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
76k-100k 1 0
101k-125k 1 0
126k-150k 3 4 0.2 4.5
151k-175k 7 4 2 0.1 10.5
176k-200k 11 11 2 0.2 6
201k-225k 18 16 2 0.1 6.8
226k-250k 26 18 3 0.1 8.7
251k-275k 23 17 1 0.1 8.1
276k-300k 31 20 2 0.1 9.3
301k-325k 26 11 1 0.1 14.2
326k-350k 37 17 2 0.1 13.1
351k-375k 16 11 0.1 8.7
376k-400k 14 1 0 84
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 2 1 1 0.1 12
76k-100k 11 10 0.2 6.6
101k-125k 22 26 5 0.2 5.1
126k-150k 55 34 8 0.1 9.7
151k-175k 73 51 8 0.1 8.6
176k-200k 122 52 9 0.1 14.1
201k-225k 104 63 15 0.1 9.9
226k-250k 140 51 16 0.1 16.5
251k-275k 98 46 6 0.1 12.8
276k-300k 158 51 10 0.1 18.6
301k-325k 114 47 9 0.1 14.6
326k-350k 126 35 9 0 21.6
351k-375k 74 18 3 0 24.7
376k-400k 87 22 6 0 23.7
401k-425k 42 14 4 0.1 18
426k-450k 50 23 10 0.1 13
451k-475k 30 18 2 0.1 10
476k-500k 23 9 4 0.1 15.3
501k-550k 37 17 4 0.1 13.1
551k-600k 19 7 0.1 16.3
601k-650k 12 1 0 72
651k-700k 13 2 0 39
701k-750k 13 3 1 0 26
751k-800k 5 1 0 30
801k-850k 7 2 0 21
851k-900k 13 2 1 0 39
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 4 0
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 4 1 0 24
1.3m-1.4m 5 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

Land 12% 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 32 6 0.3 3.2
26k-50k 57 60 18 0.2 5.7
51k-75k 75 34 11 0.1 13.2
76k-100k 54 6 1 0 54
101k-125k 13 9 4 0.1 8.7
126k-150k 25 5 0 30
151k-175k 26 10 5 0.1 15.6
176k-200k 25 6 3 0 25
201k-225k 19 2 0 57
226k-250k 19 3 1 0 38
251k-275k 16 4 0 24
276k-300k 10 3 0.1 20
301k-325k 5 1 0 30
326k-350k 7 0
351k-375k 2 1 1 0.1 12
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 9 3 0.1 18
501k-550k 5 2 0.1 15
551k-600k 7 1 0 42
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 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