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
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 18% 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 1 0.2 0
51k-75k 1 0
76k-100k 2 0.3 0
101k-125k 1 6 1 1 1
126k-150k 3 4 1 0.2 4.5
151k-175k 7 8 5 0.2 5.3
176k-200k 13 11 2 0.1 7.1
201k-225k 11 10 2 0.2 6.6
226k-250k 21 22 7 0.2 5.7
251k-275k 26 33 6 0.2 4.7
276k-300k 40 54 10 0.2 4.4
301k-325k 47 60 13 0.2 4.7
326k-350k 66 46 13 0.1 8.6
351k-375k 40 31 9 0.1 7.7
376k-400k 37 25 3 0.1 8.9
401k-425k 29 24 7 0.1 7.3
426k-450k 27 31 10 0.2 5.2
451k-475k 18 21 3 0.2 5.1
476k-500k 11 9 3 0.1 7.3
501k-550k 20 18 4 0.2 6.7
551k-600k 24 7 1 0 20.6
601k-650k 11 9 1 0.1 7.3
651k-700k 15 4 2 0 22.5
701k-750k 4 1 0 24
751k-800k 9 2 1 0 27
801k-850k 3 3 1 0.2 6
851k-900k 5 1 0 30
901k-950k 3 1 0.1 18
951k-1m 5 1 0 30
1m-1.1m 1 1 0.2 6
1.1m-1.2m 8 1 0 48
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0
2m-2.25m 1 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 2 1 1 0.1 12
3m-3.5m 1 0.2 0
3.5m-4m 1 0

Townhouses 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
76k-100k 1 1 0.2 0
126k-150k 1 0
151k-175k 1 0
176k-200k 1 2 1 0.3 3
201k-225k 2 3 1 0.3 4
226k-250k 6 1 1 0 36
251k-275k 7 1 0 42
276k-300k 1 0
301k-325k 2 0

Condos 11% 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 2 0.3 3
51k-75k 3 6 1 0.3 3
76k-100k 12 5 2 0.1 14.4
101k-125k 28 10 3 0.1 16.8
126k-150k 27 7 1 0 23.1
151k-175k 18 8 2 0.1 13.5
176k-200k 17 12 4 0.1 8.5
201k-225k 10 7 1 0.1 8.6
226k-250k 10 8 3 0.1 7.5
251k-275k 5 1 0 30
276k-300k 6 0
301k-325k 7 1 1 0 42
326k-350k 4 1 1 0 24
351k-375k 1 0
376k-400k 1 1 0.2 6
401k-425k 2 0
426k-450k 5 1 1 0 30
451k-475k 2 2 0.2 6
476k-500k 5 2 1 0.1 15
501k-550k 2 0
551k-600k 1 0
851k-900k 1 0

Land 6% 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 6 9 0.3 4
26k-50k 36 14 5 0.1 15.4
51k-75k 20 5 0 24
76k-100k 18 2 0 54
101k-125k 5 0
126k-150k 7 0
151k-175k 3 1 0.1 18
176k-200k 7 3 1 0.1 14
201k-225k 3 3 1 0.2 6
226k-250k 2 0
276k-300k 2 1 1 0.1 12
301k-325k 1 0.2 0
326k-350k 3 0
351k-375k 3 0
376k-400k 2 0
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 4 0
476k-500k 1 0
501k-550k 2 1 1 0.1 12
551k-600k 3 0
601k-650k 1 0
651k-700k 3 1 0.1 18
751k-800k 3 0
801k-850k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
9.01m-10m 1 0