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 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
51k-75k 1 1 1 0.2 6
76k-100k 3 0.5 0
101k-125k 2 7 2 0.6 1.7
126k-150k 4 3 3 0.1 8
151k-175k 6 6 0.2 6
176k-200k 11 10 4 0.2 6.6
201k-225k 9 4 2 0.1 13.5
226k-250k 22 21 8 0.2 6.3
251k-275k 25 23 6 0.2 6.5
276k-300k 41 48 13 0.2 5.1
301k-325k 53 48 14 0.2 6.6
326k-350k 55 44 16 0.1 7.5
351k-375k 36 21 5 0.1 10.3
376k-400k 32 29 12 0.2 6.6
401k-425k 34 17 1 0.1 12
426k-450k 27 24 6 0.1 6.8
451k-475k 18 19 5 0.2 5.7
476k-500k 17 4 3 0 25.5
501k-550k 24 12 1 0.1 12
551k-600k 25 7 0 21.4
601k-650k 9 10 4 0.2 5.4
651k-700k 11 4 0.1 16.5
701k-750k 6 1 0 36
751k-800k 9 1 0 54
801k-850k 2 2 0.2 6
851k-900k 3 1 0.1 18
901k-950k 2 1 0.1 12
951k-1m 6 1 1 0 36
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 9 1 0 54
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 2 0
3m-3.5m 1 1 1 0.2 6
3.5m-4m 1 0

Townhouses % 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 0.1 12
201k-225k 4 1 0 24
226k-250k 5 0
251k-275k 8 1 0 48
276k-300k 2 0
301k-325k 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
26k-50k 1 2 0.3 3
51k-75k 8 6 1 0.1 8
76k-100k 10 3 0.1 20
101k-125k 28 11 2 0.1 15.3
126k-150k 27 5 2 0 32.4
151k-175k 23 8 3 0.1 17.3
176k-200k 16 7 5 0.1 13.7
201k-225k 12 7 5 0.1 10.3
226k-250k 9 9 3 0.2 6
251k-275k 4 1 1 0 24
276k-300k 5 1 0 30
301k-325k 2 0
326k-350k 8 0
351k-375k 3 0
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 7 0
451k-475k 2 0
476k-500k 4 3 2 0.1 8
501k-550k 2 0
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 9 8 1 0.1 6.8
26k-50k 37 11 4 0 20.2
51k-75k 19 6 1 0.1 19
76k-100k 20 3 0 40
101k-125k 5 0
126k-150k 6 0
151k-175k 2 0
176k-200k 10 3 1 0.1 20
201k-225k 3 2 0.1 9
226k-250k 1 0
276k-300k 3 0
301k-325k 1 0.2 0
326k-350k 2 1 0.1 12
351k-375k 1 0
376k-400k 3 0
401k-425k 4 0
426k-450k 1 0
451k-475k 1 0
501k-550k 1 0
551k-600k 6 0
601k-650k 1 0
651k-700k 5 1 0 30
751k-800k 2 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.7m-1.8m 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