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
76k-100k 1 0
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 8 16 4 0.3 3
351k-375k 9 17 3 0.3 3.2
376k-400k 22 32 3 0.2 4.1
401k-425k 17 40 5 0.4 2.6
426k-450k 31 52 7 0.3 3.6
451k-475k 40 54 9 0.2 4.4
476k-500k 62 95 19 0.3 3.9
501k-550k 122 163 28 0.2 4.5
551k-600k 146 145 16 0.2 6
601k-650k 129 106 16 0.1 7.3
651k-700k 166 113 28 0.1 8.8
701k-750k 112 100 19 0.1 6.7
751k-800k 136 76 19 0.1 10.7
801k-850k 93 70 10 0.1 8
851k-900k 93 63 9 0.1 8.9
901k-950k 62 37 7 0.1 10.1
951k-1m 90 50 13 0.1 10.8
1m-1.1m 85 62 12 0.1 8.2
1.1m-1.2m 112 63 11 0.1 10.7
1.2m-1.3m 74 37 14 0.1 12
1.3m-1.4m 59 32 8 0.1 11.1
1.4m-1.5m 58 28 6 0.1 12.4
1.5m-1.6m 47 26 7 0.1 10.8
1.6m-1.7m 38 16 6 0.1 14.3
1.7m-1.8m 47 22 6 0.1 12.8
1.8m-1.9m 38 23 6 0.1 9.9
1.9m-2m 39 22 6 0.1 10.6
2m-2.25m 43 28 6 0.1 9.2
2.25m-2.5m 59 17 4 0 20.8
2.5m-2.75m 30 23 6 0.1 7.8
2.75m-3m 49 16 5 0.1 18.4
3m-3.5m 66 23 7 0.1 17.2
3.5m-4m 46 18 7 0.1 15.3
4m-4.5m 36 12 5 0.1 18
4.5m-5m 32 12 2 0.1 16
5.01m-6m 61 19 6 0.1 19.3
6.01m-7m 44 8 4 0 33
7.01m-8m 39 7 2 0 33.4
8.01m-9m 25 8 4 0.1 18.8
9.01m-10m 28 5 3 0 33.6
10.01m-11m 10 4 1 0.1 15
11.01m-12m 15 5 1 0.1 18
12.01m-13m 15 1 0 90
13.01m-14m 10 2 1 0 30
14.01m-15m 13 1 1 0 78
15.01m-16m 8 0
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 4 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