Supply & Demand in North 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
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Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 28% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
76k-100k 1 1 0.2 6
101k-125k 1 5 1 0.8 1.2
126k-150k 1 5 0.8 1.2
151k-175k 7 1 1.2 0
176k-200k 5 4 0.1 7.5
201k-225k 1 9 1 1.5 0.7
226k-250k 8 14 3 0.3 3.4
251k-275k 5 23 4 0.8 1.3
276k-300k 18 23 2 0.2 4.7
301k-325k 25 44 8 0.3 3.4
326k-350k 32 56 7 0.3 3.4
351k-375k 23 42 9 0.3 3.3
376k-400k 32 29 6 0.2 6.6
401k-425k 20 26 5 0.2 4.6
426k-450k 26 23 6 0.1 6.8
451k-475k 22 19 5 0.1 6.9
476k-500k 25 23 7 0.2 6.5
501k-550k 28 14 1 0.1 12
551k-600k 20 23 6 0.2 5.2
601k-650k 13 4 0.1 19.5
651k-700k 11 10 2 0.2 6.6
701k-750k 6 6 1 0.2 6
751k-800k 6 5 0.1 7.2
801k-850k 2 3 1 0.3 4
851k-900k 6 2 0.1 18
901k-950k 3 0
951k-1m 1 4 1 0.7 1.5
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 2 1 0.3 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
4.5m-5m 2 0

Townhouses 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 1 0
226k-250k 1 1 1 0.2 6
251k-275k 3 0.5 0
276k-300k 4 4 1 0.2 6
301k-325k 1 0
401k-425k 1 0

Condos 6% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 2 0.1 9
101k-125k 1 4 1 0.7 1.5
126k-150k 13 10 2 0.1 7.8
151k-175k 21 9 2 0.1 14
176k-200k 13 5 2 0.1 15.6
201k-225k 13 7 1 0.1 11.1
226k-250k 5 2 0.1 15
251k-275k 12 4 0.1 18
276k-300k 16 5 0.1 19.2
301k-325k 4 6 0.3 4
326k-350k 10 3 0.1 20
351k-375k 2 1 0.1 12
376k-400k 4 2 0.1 12
401k-425k 2 0
426k-450k 2 2 0.2 6
451k-475k 2 0
476k-500k 3 0.5 0
501k-550k 4 0
551k-600k 2 0
601k-650k 1 0
751k-800k 2 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.5m-1.6m 1 0.2 0

Land 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 3 0.5 2
26k-50k 23 25 6 0.2 5.5
51k-75k 15 16 2 0.2 5.6
76k-100k 14 10 1 0.1 8.4
101k-125k 9 1 1 0 54
126k-150k 1 3 1 0.5 2
151k-175k 4 0
176k-200k 1 3 0.5 2
201k-225k 2 1 0.1 12
226k-250k 5 3 2 0.1 10
251k-275k 3 0
276k-300k 1 1 0.2 6
301k-325k 2 1 0.1 12
326k-350k 3 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
426k-450k 2 0
476k-500k 3 0
501k-550k 1 1 0.2 6
551k-600k 4 1 1 0 24
601k-650k 4 0
651k-700k 3 0
751k-800k 1 2 1 0.3 3
801k-850k 2 0
851k-900k 3 1 0.1 18
951k-1m 2 1 1 0.1 12
1.1m-1.2m 4 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 1 0
3m-3.5m 1 0
3.5m-4m 1 0