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 8 16 5 0.3 3
351k-375k 9 17 3 0.3 3.2
376k-400k 21 33 8 0.3 3.8
401k-425k 17 41 6 0.4 2.5
426k-450k 32 54 6 0.3 3.6
451k-475k 37 54 10 0.2 4.1
476k-500k 63 93 18 0.2 4.1
501k-550k 123 164 28 0.2 4.5
551k-600k 139 146 19 0.2 5.7
601k-650k 132 106 17 0.1 7.5
651k-700k 164 109 26 0.1 9
701k-750k 111 104 21 0.2 6.4
751k-800k 132 75 17 0.1 10.6
801k-850k 92 72 10 0.1 7.7
851k-900k 91 65 11 0.1 8.4
901k-950k 61 36 6 0.1 10.2
951k-1m 86 50 11 0.1 10.3
1m-1.1m 83 61 15 0.1 8.2
1.1m-1.2m 111 65 12 0.1 10.2
1.2m-1.3m 73 38 16 0.1 11.5
1.3m-1.4m 58 31 6 0.1 11.2
1.4m-1.5m 57 29 6 0.1 11.8
1.5m-1.6m 46 25 6 0.1 11
1.6m-1.7m 41 13 3 0.1 18.9
1.7m-1.8m 46 23 7 0.1 12
1.8m-1.9m 39 23 5 0.1 10.2
1.9m-2m 39 23 6 0.1 10.2
2m-2.25m 45 27 6 0.1 10
2.25m-2.5m 58 17 4 0 20.5
2.5m-2.75m 31 23 6 0.1 8.1
2.75m-3m 50 15 4 0.1 20
3m-3.5m 66 21 5 0.1 18.9
3.5m-4m 45 18 7 0.1 15
4m-4.5m 35 12 5 0.1 17.5
4.5m-5m 32 12 2 0.1 16
5.01m-6m 59 20 6 0.1 17.7
6.01m-7m 44 7 3 0 37.7
7.01m-8m 38 6 1 0 38
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 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 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