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 15% 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 1 0
76k-100k 5 2 0.8 0
101k-125k 4 0.7 0
126k-150k 5 4 0.1 7.5
151k-175k 4 8 0.3 3
176k-200k 9 7 3 0.1 7.7
201k-225k 7 4 0.1 10.5
226k-250k 27 18 4 0.1 9
251k-275k 22 19 4 0.1 6.9
276k-300k 47 35 10 0.1 8.1
301k-325k 43 33 6 0.1 7.8
326k-350k 57 28 7 0.1 12.2
351k-375k 35 20 7 0.1 10.5
376k-400k 31 15 2 0.1 12.4
401k-425k 30 15 5 0.1 12
426k-450k 26 18 7 0.1 8.7
451k-475k 14 12 5 0.1 7
476k-500k 20 5 2 0 24
501k-550k 23 9 1 0.1 15.3
551k-600k 27 8 1 0 20.3
601k-650k 13 7 2 0.1 11.1
651k-700k 10 5 0.1 12
701k-750k 5 2 0.1 15
751k-800k 10 3 0.1 20
801k-850k 2 1 0.1 12
851k-900k 5 3 1 0.1 10
901k-950k 3 0
951k-1m 4 0
1m-1.1m 3 1 1 0.1 18
1.1m-1.2m 9 1 0 54
1.2m-1.3m 4 1 1 0 24
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 0
2m-2.25m 1 0
3m-3.5m 2 0
3.5m-4m 2 0

Townhouses 4% 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
101k-125k 1 0
126k-150k 1 0
151k-175k 1 0
176k-200k 2 1 1 0.1 12
201k-225k 4 0
226k-250k 1 0
251k-275k 10 1 0 60
276k-300k 3 0
301k-325k 1 0

Condos 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
26k-50k 2 0.3 0
51k-75k 8 4 1 0.1 12
76k-100k 9 3 0.1 18
101k-125k 29 9 1 0.1 19.3
126k-150k 28 4 3 0 42
151k-175k 18 5 1 0 21.6
176k-200k 21 1 0 126
201k-225k 14 3 2 0 28
226k-250k 10 4 0.1 15
251k-275k 7 1 1 0 42
276k-300k 6 0
301k-325k 3 0
326k-350k 6 0
351k-375k 3 0
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 4 0
451k-475k 4 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12
551k-600k 1 0
651k-700k 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 8 7 1 0.1 6.9
26k-50k 42 8 3 0 31.5
51k-75k 19 5 0 22.8
76k-100k 18 4 2 0 27
101k-125k 6 0
126k-150k 4 0
151k-175k 3 0
176k-200k 13 2 0 39
201k-225k 5 1 0 30
226k-250k 3 0
276k-300k 2 0
326k-350k 2 1 0.1 12
351k-375k 1 0
376k-400k 3 0
401k-425k 3 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 1 0.2 0
501k-550k 2 0
551k-600k 6 0
601k-650k 1 0
651k-700k 4 0
701k-750k 1 0
751k-800k 3 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
9.01m-10m 1 0