Supply & Demand in 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
51k-75k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 8 2 1.3 0.8
126k-150k 4 13 1 0.5 1.8
151k-175k 4 18 4 0.8 1.3
176k-200k 16 20 3 0.2 4.8
201k-225k 15 22 6 0.2 4.1
226k-250k 32 42 8 0.2 4.6
251k-275k 35 40 5 0.2 5.3
276k-300k 66 81 14 0.2 4.9
301k-325k 64 70 14 0.2 5.5
326k-350k 109 115 26 0.2 5.7
351k-375k 91 108 20 0.2 5.1
376k-400k 131 127 31 0.2 6.2
401k-425k 85 93 19 0.2 5.5
426k-450k 124 94 29 0.1 7.9
451k-475k 59 62 8 0.2 5.7
476k-500k 124 85 13 0.1 8.8
501k-550k 157 98 29 0.1 9.6
551k-600k 146 92 15 0.1 9.5
601k-650k 113 84 16 0.1 8.1
651k-700k 122 64 14 0.1 11.4
701k-750k 59 51 10 0.1 6.9
751k-800k 87 48 13 0.1 10.9
801k-850k 38 31 8 0.1 7.4
851k-900k 51 29 9 0.1 10.6
901k-950k 20 17 4 0.1 7.1
951k-1m 34 16 2 0.1 12.8
1m-1.1m 38 23 4 0.1 9.9
1.1m-1.2m 27 14 3 0.1 11.6
1.2m-1.3m 27 17 2 0.1 9.5
1.3m-1.4m 16 10 5 0.1 9.6
1.4m-1.5m 13 17 3 0.2 4.6
1.5m-1.6m 12 21 5 0.3 3.4
1.6m-1.7m 8 11 1 0.2 4.4
1.7m-1.8m 13 10 1 0.1 7.8
1.8m-1.9m 6 7 1 0.2 5.1
1.9m-2m 5 1 0 30
2m-2.25m 12 6 1 0.1 12
2.25m-2.5m 19 6 0.1 19
2.5m-2.75m 5 3 0.1 10
2.75m-3m 13 4 2 0.1 19.5
3m-3.5m 10 0
3.5m-4m 8 4 0.1 12
4m-4.5m 5 3 0.1 10
4.5m-5m 10 3 0.1 20
5.01m-6m 7 1 0 42
6.01m-7m 3 0
8.01m-9m 1 0
15.01m-16m 1 0

Townhouses 9% 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 0.2 0
101k-125k 1 1 1 0.2 6
126k-150k 4 6 1 0.3 4
151k-175k 6 4 2 0.1 9
176k-200k 26 7 1 0 22.3
201k-225k 34 13 2 0.1 15.7
226k-250k 45 12 2 0 22.5
251k-275k 32 21 5 0.1 9.1
276k-300k 48 23 5 0.1 12.5
301k-325k 28 11 2 0.1 15.3
326k-350k 22 5 1 0 26.4
351k-375k 14 5 1 0.1 16.8
376k-400k 12 1 0 72
401k-425k 4 2 0.1 12
426k-450k 2 3 0.3 4
451k-475k 1 1 0.2 0
476k-500k 3 2 0.1 9
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 1 0.2 6
651k-700k 1 0.2 0
1m-1.1m 1 1 0.2 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
26k-50k 2 1 0.3 0
51k-75k 7 1 1.2 0
76k-100k 24 13 2 0.1 11.1
101k-125k 41 28 7 0.1 8.8
126k-150k 96 54 10 0.1 10.7
151k-175k 114 73 15 0.1 9.4
176k-200k 156 78 18 0.1 12
201k-225k 118 75 10 0.1 9.4
226k-250k 181 97 19 0.1 11.2
251k-275k 143 77 23 0.1 11.1
276k-300k 187 93 24 0.1 12.1
301k-325k 127 52 7 0.1 14.7
326k-350k 141 43 10 0.1 19.7
351k-375k 62 33 7 0.1 11.3
376k-400k 86 40 3 0.1 12.9
401k-425k 48 30 5 0.1 9.6
426k-450k 37 25 5 0.1 8.9
451k-475k 20 14 1 0.1 8.6
476k-500k 40 10 2 0 24
501k-550k 38 21 4 0.1 10.9
551k-600k 17 9 0.1 11.3
601k-650k 16 3 0 32
651k-700k 14 4 1 0 21
701k-750k 11 6 1 0.1 11
751k-800k 18 0
801k-850k 9 4 1 0.1 13.5
851k-900k 4 3 0.1 8
901k-950k 2 1 1 0.1 12
951k-1m 4 2 1 0.1 12
1m-1.1m 3 1 0.1 18
1.1m-1.2m 4 0
1.2m-1.3m 5 0
1.3m-1.4m 7 1 0 42
1.5m-1.6m 2 0
1.6m-1.7m 1 2 1 0.3 3
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 3 0
2m-2.25m 2 1 1 0.1 12
5.01m-6m 1 0

Land 9% 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 30 25 5 0.1 7.2
26k-50k 77 85 11 0.2 5.4
51k-75k 82 26 4 0.1 18.9
76k-100k 62 16 5 0 23.3
101k-125k 27 15 3 0.1 10.8
126k-150k 33 9 4 0 22
151k-175k 23 17 4 0.1 8.1
176k-200k 44 11 1 0 24
201k-225k 20 6 1 0.1 20
226k-250k 27 4 1 0 40.5
251k-275k 17 3 1 0 34
276k-300k 11 1 1 0 66
301k-325k 9 3 1 0.1 18
326k-350k 6 1 0 36
351k-375k 2 2 0.2 6
376k-400k 6 2 1 0.1 18
401k-425k 3 0
426k-450k 4 5 0.2 4.8
476k-500k 10 1 0 60
501k-550k 4 1 0 24
551k-600k 10 0
601k-650k 2 0
651k-700k 7 1 0 42
701k-750k 1 0
751k-800k 5 0
801k-850k 2 0
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 4 1 1 0 24
1m-1.1m 2 0
1.1m-1.2m 2 0
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 0
2.75m-3m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
6.01m-7m 1 1 1 0.2 6