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 2 0.3 0
76k-100k 2 3 0.3 4
101k-125k 2 0
126k-150k 5 15 4 0.5 2
151k-175k 12 22 7 0.3 3.3
176k-200k 25 21 4 0.1 7.1
201k-225k 32 26 2 0.1 7.4
226k-250k 45 44 13 0.2 6.1
251k-275k 48 52 10 0.2 5.5
276k-300k 80 84 16 0.2 5.7
301k-325k 96 79 17 0.1 7.3
326k-350k 120 87 24 0.1 8.3
351k-375k 106 82 20 0.1 7.8
376k-400k 130 102 30 0.1 7.6
401k-425k 77 81 16 0.2 5.7
426k-450k 130 85 24 0.1 9.2
451k-475k 74 53 11 0.1 8.4
476k-500k 115 58 16 0.1 11.9
501k-550k 158 97 28 0.1 9.8
551k-600k 151 94 30 0.1 9.6
601k-650k 120 55 14 0.1 13.1
651k-700k 105 53 19 0.1 11.9
701k-750k 56 52 9 0.2 6.5
751k-800k 53 25 8 0.1 12.7
801k-850k 42 36 4 0.1 7
851k-900k 42 19 6 0.1 13.3
901k-950k 27 18 3 0.1 9
951k-1m 39 7 4 0 33.4
1m-1.1m 15 12 4 0.1 7.5
1.1m-1.2m 24 20 7 0.1 7.2
1.2m-1.3m 12 20 6 0.3 3.6
1.3m-1.4m 17 14 2 0.1 7.3
1.4m-1.5m 14 9 4 0.1 9.3
1.5m-1.6m 14 4 0 21
1.6m-1.7m 8 4 2 0.1 12
1.7m-1.8m 12 6 2 0.1 12
1.8m-1.9m 8 6 3 0.1 8
1.9m-2m 11 3 3 0 22
2m-2.25m 12 7 3 0.1 10.3
2.25m-2.5m 12 7 2 0.1 10.3
2.5m-2.75m 11 5 2 0.1 13.2
2.75m-3m 10 3 0.1 20
3m-3.5m 12 2 2 0 36
3.5m-4m 8 4 1 0.1 12
4m-4.5m 6 2 2 0.1 18
4.5m-5m 6 1 0 36
5.01m-6m 2 0
6.01m-7m 3 0
7.01m-8m 1 0
9.01m-10m 1 2 2 0.3 3
13.01m-14m 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 3 1 0.5 0
101k-125k 3 1 0.1 18
126k-150k 7 2 0 21
151k-175k 14 13 1 0.2 6.5
176k-200k 38 16 6 0.1 14.3
201k-225k 23 10 5 0.1 13.8
226k-250k 52 22 6 0.1 14.2
251k-275k 43 12 3 0 21.5
276k-300k 40 21 6 0.1 11.4
301k-325k 34 13 3 0.1 15.7
326k-350k 22 8 4 0.1 16.5
351k-375k 12 3 2 0 24
376k-400k 5 4 1 0.1 7.5
401k-425k 2 0
426k-450k 1 3 1 0.5 2
451k-475k 2 0
476k-500k 1 2 1 0.3 3
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 1 0
1.4m-1.5m 1 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
26k-50k 1 0.2 0
51k-75k 6 16 9 0.4 2.3
76k-100k 54 20 5 0.1 16.2
101k-125k 72 37 5 0.1 11.7
126k-150k 141 51 17 0.1 16.6
151k-175k 149 51 12 0.1 17.5
176k-200k 176 80 19 0.1 13.2
201k-225k 151 82 33 0.1 11
226k-250k 190 74 25 0.1 15.4
251k-275k 180 65 21 0.1 16.6
276k-300k 174 74 27 0.1 14.1
301k-325k 119 45 13 0.1 15.9
326k-350k 105 34 6 0.1 18.5
351k-375k 52 34 15 0.1 9.2
376k-400k 65 21 6 0.1 18.6
401k-425k 34 19 5 0.1 10.7
426k-450k 45 17 9 0.1 15.9
451k-475k 20 9 3 0.1 13.3
476k-500k 35 6 2 0 35
501k-550k 19 9 2 0.1 12.7
551k-600k 20 5 1 0 24
601k-650k 14 2 1 0 42
651k-700k 18 2 1 0 54
701k-750k 17 0
751k-800k 15 2 0 45
801k-850k 8 1 1 0 48
851k-900k 6 2 1 0.1 18
901k-950k 2 1 0.3 0
951k-1m 5 2 1 0.1 15
1m-1.1m 5 0
1.1m-1.2m 3 0
1.2m-1.3m 9 0
1.3m-1.4m 3 3 1 0.2 6
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 4 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
2.75m-3m 1 0
5.01m-6m 1 0

Land 5% 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 38 13 1 0.1 17.5
26k-50k 112 37 3 0.1 18.2
51k-75k 77 27 9 0.1 17.1
76k-100k 70 6 2 0 70
101k-125k 38 12 3 0.1 19
126k-150k 36 9 3 0 24
151k-175k 39 12 4 0.1 19.5
176k-200k 55 4 3 0 82.5
201k-225k 25 2 0 75
226k-250k 27 4 1 0 40.5
251k-275k 15 0
276k-300k 18 4 1 0 27
301k-325k 6 2 0.1 18
326k-350k 9 3 1 0.1 18
351k-375k 4 1 0 24
376k-400k 7 1 1 0 42
401k-425k 3 0
426k-450k 3 1 0.1 18
451k-475k 2 0
476k-500k 9 0
501k-550k 8 1 0 48
551k-600k 11 1 1 0 66
601k-650k 2 1 0.1 12
651k-700k 8 0
701k-750k 1 0
751k-800k 4 0
801k-850k 1 0
851k-900k 2 0
901k-950k 2 0
951k-1m 6 0
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.8m-1.9m 3 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 4 0
2.75m-3m 3 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0.2 0