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 20% 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 2 0.3 0
76k-100k 1 4 0.7 1.5
101k-125k 3 4 1 0.2 4.5
126k-150k 4 10 2 0.4 2.4
151k-175k 13 8 1 0.1 9.8
176k-200k 30 22 0.1 8.2
201k-225k 25 26 5 0.2 5.8
226k-250k 48 34 9 0.1 8.5
251k-275k 49 46 9 0.2 6.4
276k-300k 90 76 17 0.1 7.1
301k-325k 84 94 20 0.2 5.4
326k-350k 106 86 19 0.1 7.4
351k-375k 96 74 10 0.1 7.8
376k-400k 128 97 18 0.1 7.9
401k-425k 90 86 13 0.2 6.3
426k-450k 114 56 13 0.1 12.2
451k-475k 77 49 13 0.1 9.4
476k-500k 110 60 14 0.1 11
501k-550k 170 72 18 0.1 14.2
551k-600k 159 78 14 0.1 12.2
601k-650k 113 46 12 0.1 14.7
651k-700k 96 44 12 0.1 13.1
701k-750k 60 38 13 0.1 9.5
751k-800k 66 24 8 0.1 16.5
801k-850k 45 23 5 0.1 11.7
851k-900k 47 13 6 0 21.7
901k-950k 25 11 2 0.1 13.6
951k-1m 41 7 2 0 35.1
1m-1.1m 19 8 3 0.1 14.3
1.1m-1.2m 24 11 2 0.1 13.1
1.2m-1.3m 15 10 3 0.1 9
1.3m-1.4m 10 15 3 0.3 4
1.4m-1.5m 11 9 0.1 7.3
1.5m-1.6m 14 6 1 0.1 14
1.6m-1.7m 10 2 1 0 30
1.7m-1.8m 13 6 2 0.1 13
1.8m-1.9m 5 3 0.1 10
1.9m-2m 9 1 0 54
2m-2.25m 11 2 0 33
2.25m-2.5m 15 6 3 0.1 15
2.5m-2.75m 5 3 2 0.1 10
2.75m-3m 6 2 2 0.1 18
3m-3.5m 10 0
3.5m-4m 8 0
4m-4.5m 6 0
4.5m-5m 7 1 0 42
5.01m-6m 5 0
6.01m-7m 3 0
8.01m-9m 1 0
9.01m-10m 1 0
17.01m-18m 1 0

Townhouses 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
76k-100k 2 0.3 0
101k-125k 1 1 0.2 6
126k-150k 6 3 1 0.1 12
151k-175k 16 11 2 0.1 8.7
176k-200k 35 13 1 0.1 16.2
201k-225k 29 5 0 34.8
226k-250k 38 21 9 0.1 10.9
251k-275k 46 13 2 0 21.2
276k-300k 47 14 5 0 20.1
301k-325k 32 9 3 0 21.3
326k-350k 28 2 1 0 84
351k-375k 14 3 0 28
376k-400k 5 3 3 0.1 10
401k-425k 1 0
426k-450k 1 1 1 0.2 6
451k-475k 4 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0
651k-700k 2 0

Condos 12% 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 5 10 2 0.3 3
76k-100k 41 15 2 0.1 16.4
101k-125k 55 40 7 0.1 8.3
126k-150k 113 36 6 0.1 18.8
151k-175k 157 56 11 0.1 16.8
176k-200k 188 58 15 0.1 19.4
201k-225k 156 56 13 0.1 16.7
226k-250k 166 53 19 0.1 18.8
251k-275k 162 52 11 0.1 18.7
276k-300k 183 51 16 0 21.5
301k-325k 100 28 5 0 21.4
326k-350k 125 34 8 0 22.1
351k-375k 56 10 4 0 33.6
376k-400k 74 14 5 0 31.7
401k-425k 34 10 2 0 20.4
426k-450k 46 8 3 0 34.5
451k-475k 18 6 2 0.1 18
476k-500k 33 5 1 0 39.6
501k-550k 24 13 3 0.1 11.1
551k-600k 22 1 1 0 132
601k-650k 10 2 1 0 30
651k-700k 13 1 0 78
701k-750k 17 1 0 102
751k-800k 15 2 0 45
801k-850k 8 1 0 48
851k-900k 5 4 1 0.1 7.5
901k-950k 1 1 1 0.2 6
951k-1m 5 0
1m-1.1m 4 1 0 24
1.1m-1.2m 2 0
1.2m-1.3m 9 0
1.3m-1.4m 3 0
1.4m-1.5m 3 0
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 2 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 37 21 5 0.1 10.6
26k-50k 116 49 10 0.1 14.2
51k-75k 90 21 6 0 25.7
76k-100k 74 10 3 0 44.4
101k-125k 32 7 2 0 27.4
126k-150k 38 5 1 0 45.6
151k-175k 31 7 1 0 26.6
176k-200k 52 2 1 0 156
201k-225k 32 2 1 0 96
226k-250k 30 2 0 90
251k-275k 12 1 0 72
276k-300k 16 2 2 0 48
301k-325k 6 0
326k-350k 9 3 2 0.1 18
351k-375k 4 1 1 0 24
376k-400k 9 0
401k-425k 2 0
426k-450k 3 0
476k-500k 10 0
501k-550k 7 1 0 42
551k-600k 8 2 1 0 24
601k-650k 5 1 0 30
651k-700k 10 0
701k-750k 1 0
751k-800k 4 0
801k-850k 2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 6 0
1m-1.1m 2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 2 1 1 0.1 12
2.75m-3m 3 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0
5.01m-6m 1 0
6.01m-7m 1 1 1 0.2 6