Absorption Report

Naples, FL, House

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 16% 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
201k-225k 1 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 1 3 1 0.5 2
276k-300k 5 2 0.1 15
301k-325k 1 5 0.8 1.2
326k-350k 7 16 5 0.4 2.6
351k-375k 10 17 3 0.3 3.5
376k-400k 21 33 8 0.3 3.8
401k-425k 15 42 6 0.5 2.1
426k-450k 33 54 6 0.3 3.7
451k-475k 37 54 10 0.2 4.1
476k-500k 63 93 18 0.2 4.1
501k-550k 123 165 27 0.2 4.5
551k-600k 137 148 19 0.2 5.6
601k-650k 129 105 18 0.1 7.4
651k-700k 164 108 23 0.1 9.1
701k-750k 111 102 20 0.2 6.5
751k-800k 135 74 15 0.1 10.9
801k-850k 92 71 9 0.1 7.8
851k-900k 89 63 9 0.1 8.5
901k-950k 60 37 6 0.1 9.7
951k-1m 83 50 11 0.1 10
1m-1.1m 80 62 16 0.1 7.7
1.1m-1.2m 111 64 13 0.1 10.4
1.2m-1.3m 72 36 14 0.1 12
1.3m-1.4m 57 32 7 0.1 10.7
1.4m-1.5m 57 31 6 0.1 11
1.5m-1.6m 44 25 6 0.1 10.6
1.6m-1.7m 42 12 2 0 21
1.7m-1.8m 46 23 7 0.1 12
1.8m-1.9m 40 22 4 0.1 10.9
1.9m-2m 38 23 6 0.1 9.9
2m-2.25m 45 28 7 0.1 9.6
2.25m-2.5m 56 18 4 0.1 18.7
2.5m-2.75m 33 22 5 0.1 9
2.75m-3m 49 14 3 0 21
3m-3.5m 65 23 6 0.1 17
3.5m-4m 45 19 8 0.1 14.2
4m-4.5m 34 13 5 0.1 15.7
4.5m-5m 31 12 2 0.1 15.5
5.01m-6m 59 21 6 0.1 16.9
6.01m-7m 44 7 3 0 37.7
7.01m-8m 37 6 1 0 37
8.01m-9m 24 8 4 0.1 18
9.01m-10m 29 5 3 0 34.8
10.01m-11m 10 3 0.1 20
11.01m-12m 14 5 1 0.1 16.8
12.01m-13m 14 1 0 84
13.01m-14m 11 2 1 0 33
14.01m-15m 14 0
15.01m-16m 8 1 0 48
16.01m-17m 5 2 0.1 15
17.01m-18m 3 0
18.01m-19m 3 0
19.01m-20m 5 0
20.01m-21m 3 0
21.01m-22m 5 0
22.01m-23m 1 0
23.01m-24m 3 0
25.01m-26m 4 1 0 24
27.01m-28m 2 0
28.01m-29m 1 0
29.01m-30m 1 1 0.2 6
32.01m-33m 1 0
34.01m-35m 3 0
43.01m-44m 1 0
44.01m-45m 1 0.2 0
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0