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 14% 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
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 4 2 0.1 12
276k-300k 5 1 0 30
301k-325k 2 5 0.4 2.4
326k-350k 9 13 4 0.2 4.2
351k-375k 8 17 1 0.4 2.8
376k-400k 22 24 6 0.2 5.5
401k-425k 17 37 4 0.4 2.8
426k-450k 38 55 9 0.2 4.1
451k-475k 31 61 10 0.3 3
476k-500k 63 79 7 0.2 4.8
501k-550k 129 131 13 0.2 5.9
551k-600k 153 127 15 0.1 7.2
601k-650k 142 110 17 0.1 7.7
651k-700k 166 97 19 0.1 10.3
701k-750k 115 109 16 0.2 6.3
751k-800k 119 75 20 0.1 9.5
801k-850k 113 65 4 0.1 10.4
851k-900k 93 60 11 0.1 9.3
901k-950k 59 34 3 0.1 10.4
951k-1m 97 44 6 0.1 13.2
1m-1.1m 92 50 8 0.1 11
1.1m-1.2m 101 62 15 0.1 9.8
1.2m-1.3m 86 39 7 0.1 13.2
1.3m-1.4m 61 35 5 0.1 10.5
1.4m-1.5m 64 28 7 0.1 13.7
1.5m-1.6m 41 28 7 0.1 8.8
1.6m-1.7m 52 18 3 0.1 17.3
1.7m-1.8m 46 25 9 0.1 11
1.8m-1.9m 36 25 5 0.1 8.6
1.9m-2m 34 19 3 0.1 10.7
2m-2.25m 44 25 6 0.1 10.6
2.25m-2.5m 63 22 5 0.1 17.2
2.5m-2.75m 33 21 3 0.1 9.4
2.75m-3m 61 14 3 0 26.1
3m-3.5m 70 24 8 0.1 17.5
3.5m-4m 58 24 9 0.1 14.5
4m-4.5m 33 14 3 0.1 14.1
4.5m-5m 36 14 2 0.1 15.4
5.01m-6m 69 19 6 0 21.8
6.01m-7m 50 10 6 0 30
7.01m-8m 38 9 3 0 25.3
8.01m-9m 26 7 1 0 22.3
9.01m-10m 27 6 4 0 27
10.01m-11m 15 3 1 0 30
11.01m-12m 19 4 0 28.5
12.01m-13m 16 1 0 96
13.01m-14m 13 1 0 78
14.01m-15m 14 0
15.01m-16m 11 0
16.01m-17m 5 2 0.1 15
17.01m-18m 3 1 1 0.1 18
18.01m-19m 4 0
19.01m-20m 8 0
20.01m-21m 3 0
21.01m-22m 3 1 1 0.1 18
23.01m-24m 3 0
25.01m-26m 4 0
26.01m-27m 2 0
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 1 0.2 6
49.01m-50m 1 0
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0