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 19% 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 1 1 0.2 0
51k-75k 2 0.3 0
76k-100k 2 6 1 0.5 2
101k-125k 1 2 1 0.3 3
126k-150k 5 12 1 0.4 2.5
151k-175k 13 24 3 0.3 3.3
176k-200k 41 24 6 0.1 10.3
201k-225k 30 27 6 0.2 6.7
226k-250k 39 43 7 0.2 5.4
251k-275k 43 57 12 0.2 4.5
276k-300k 82 97 28 0.2 5.1
301k-325k 82 97 23 0.2 5.1
326k-350k 123 102 21 0.1 7.2
351k-375k 98 99 21 0.2 5.9
376k-400k 126 100 16 0.1 7.6
401k-425k 69 80 15 0.2 5.2
426k-450k 129 96 13 0.1 8.1
451k-475k 71 66 15 0.2 6.5
476k-500k 112 78 31 0.1 8.6
501k-550k 142 123 30 0.1 6.9
551k-600k 143 101 21 0.1 8.5
601k-650k 100 74 22 0.1 8.1
651k-700k 80 71 17 0.1 6.8
701k-750k 53 68 16 0.2 4.7
751k-800k 59 30 8 0.1 11.8
801k-850k 35 35 5 0.2 6
851k-900k 37 27 8 0.1 8.2
901k-950k 25 22 9 0.1 6.8
951k-1m 35 10 5 0 21
1m-1.1m 14 17 2 0.2 4.9
1.1m-1.2m 25 22 1 0.1 6.8
1.2m-1.3m 17 20 4 0.2 5.1
1.3m-1.4m 18 13 2 0.1 8.3
1.4m-1.5m 12 9 2 0.1 8
1.5m-1.6m 13 7 2 0.1 11.1
1.6m-1.7m 6 4 0.1 9
1.7m-1.8m 12 10 2 0.1 7.2
1.8m-1.9m 8 5 0.1 9.6
1.9m-2m 10 5 2 0.1 12
2m-2.25m 13 9 2 0.1 8.7
2.25m-2.5m 14 7 1 0.1 12
2.5m-2.75m 13 4 0.1 19.5
2.75m-3m 9 3 0.1 18
3m-3.5m 19 2 1 0 57
3.5m-4m 10 6 1 0.1 10
4m-4.5m 7 1 0 42
4.5m-5m 7 1 0 42
5.01m-6m 3 0
6.01m-7m 2 0
7.01m-8m 1 0
8.01m-9m 1 1 0.2 6
9.01m-10m 1 1 1 0.2 6
13.01m-14m 1 0
17.01m-18m 1 0

Townhouses 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 3 1 0.5 0
101k-125k 4 4 1 0.2 6
126k-150k 6 4 2 0.1 9
151k-175k 13 21 6 0.3 3.7
176k-200k 42 20 4 0.1 12.6
201k-225k 21 16 3 0.1 7.9
226k-250k 44 26 5 0.1 10.2
251k-275k 36 16 2 0.1 13.5
276k-300k 39 26 9 0.1 9
301k-325k 30 16 5 0.1 11.3
326k-350k 17 6 1 0.1 17
351k-375k 9 5 1 0.1 10.8
376k-400k 6 3 0.1 12
401k-425k 1 1 0.2 6
426k-450k 1 2 0.3 3
451k-475k 1 0
476k-500k 3 2 0.1 9
501k-550k 2 0
551k-600k 1 1 0.2 6
601k-650k 1 0
801k-850k 1 0
1.4m-1.5m 1 0

Condos 13% 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 1 0
51k-75k 6 20 6 0.6 1.8
76k-100k 50 29 9 0.1 10.3
101k-125k 91 46 7 0.1 11.9
126k-150k 153 64 16 0.1 14.3
151k-175k 144 62 15 0.1 13.9
176k-200k 178 92 15 0.1 11.6
201k-225k 152 106 20 0.1 8.6
226k-250k 177 119 41 0.1 8.9
251k-275k 150 99 27 0.1 9.1
276k-300k 170 91 23 0.1 11.2
301k-325k 100 63 20 0.1 9.5
326k-350k 99 42 9 0.1 14.1
351k-375k 65 42 12 0.1 9.3
376k-400k 61 31 6 0.1 11.8
401k-425k 32 28 11 0.1 6.9
426k-450k 45 16 3 0.1 16.9
451k-475k 18 9 1 0.1 12
476k-500k 28 10 3 0.1 16.8
501k-550k 18 13 5 0.1 8.3
551k-600k 19 11 5 0.1 10.4
601k-650k 18 4 1 0 27
651k-700k 19 1 0 114
701k-750k 12 1 1 0 72
751k-800k 11 3 0 22
801k-850k 7 0
851k-900k 7 2 0 21
901k-950k 3 3 0.2 6
951k-1m 4 1 0 24
1m-1.1m 8 0
1.1m-1.2m 1 0
1.2m-1.3m 7 2 2 0 21
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 6 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
5.01m-6m 1 0

Land 8% 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 50 17 3 0.1 17.6
26k-50k 97 41 5 0.1 14.2
51k-75k 74 33 6 0.1 13.5
76k-100k 67 11 2 0 36.5
101k-125k 35 18 6 0.1 11.7
126k-150k 33 21 10 0.1 9.4
151k-175k 38 19 6 0.1 12
176k-200k 43 10 3 0 25.8
201k-225k 22 3 2 0 44
226k-250k 23 7 1 0.1 19.7
251k-275k 19 1 0 114
276k-300k 18 3 0 36
301k-325k 6 2 0.1 18
326k-350k 11 2 0 33
351k-375k 7 2 0 21
376k-400k 7 2 0 21
401k-425k 1 1 1 0.2 6
426k-450k 5 2 1 0.1 15
451k-475k 6 0
476k-500k 7 2 2 0 21
501k-550k 7 1 0 42
551k-600k 10 2 1 0 30
601k-650k 2 0
651k-700k 7 0
701k-750k 1 0
751k-800k 4 0
801k-850k 2 1 0.1 12
851k-900k 2 0
901k-950k 1 0
951k-1m 5 1 0 30
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 3 0
1.8m-1.9m 3 0
1.9m-2m 3 0
2m-2.25m 1 0
2.25m-2.5m 4 0
2.75m-3m 3 0
3m-3.5m 2 1 0.1 12
3.5m-4m 2 0
4m-4.5m 2 0
5.01m-6m 2 0
7.01m-8m 1 0