Absorption Report

North Port

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 Since 12/31 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 2 0.3 3
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 9 1 1.5 0.7
151k-175k 7 14 6 0.3 3
176k-200k 7 23 5 0.5 1.8
201k-225k 9 20 2 0.4 2.7
226k-250k 20 33 6 0.3 3.6
251k-275k 21 33 5 0.3 3.8
276k-300k 35 50 10 0.2 4.2
301k-325k 45 62 6 0.2 4.4
326k-350k 59 88 8 0.2 4
351k-375k 83 71 12 0.1 7
376k-400k 113 110 24 0.2 6.2
401k-425k 69 84 11 0.2 4.9
426k-450k 96 88 18 0.2 6.5
451k-475k 64 58 6 0.2 6.6
476k-500k 99 65 17 0.1 9.1
501k-550k 131 108 9 0.1 7.3
551k-600k 125 96 15 0.1 7.8
601k-650k 89 82 18 0.2 6.5
651k-700k 77 47 9 0.1 9.8
701k-750k 45 36 6 0.1 7.5
751k-800k 46 32 9 0.1 8.6
801k-850k 30 29 11 0.2 6.2
851k-900k 27 9 1 0.1 18
901k-950k 22 17 3 0.1 7.8
951k-1m 32 11 5 0.1 17.5
1m-1.1m 15 14 6 0.2 6.4
1.1m-1.2m 29 17 7 0.1 10.2
1.2m-1.3m 17 10 5 0.1 10.2
1.3m-1.4m 10 9 1 0.2 6.7
1.4m-1.5m 16 6 3 0.1 16
1.5m-1.6m 13 7 5 0.1 11.1
1.6m-1.7m 10 8 3 0.1 7.5
1.7m-1.8m 3 8 2 0.4 2.3
1.8m-1.9m 10 3 0.1 20
1.9m-2m 7 1 1 0 42
2m-2.25m 7 5 0.1 8.4
2.25m-2.5m 9 4 0.1 13.5
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 5 5 4 0.2 6
3.5m-4m 8 0
4m-4.5m 3 1 0.1 18
4.5m-5m 2 1 0.1 12
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
17.01m-18m 1 0.2 0

Townhouses 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0
126k-150k 3 4 1 0.2 4.5
151k-175k 6 5 2 0.1 7.2
176k-200k 12 9 0.1 8
201k-225k 13 16 2 0.2 4.9
226k-250k 26 18 4 0.1 8.7
251k-275k 19 16 5 0.1 7.1
276k-300k 30 24 3 0.1 7.5
301k-325k 29 12 0.1 14.5
326k-350k 40 19 0.1 12.6
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
426k-450k 3 0
451k-475k 2 0
476k-500k 3 0
501k-550k 3 0
551k-600k 1 0.2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0

Condos 9% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 10 11 2 0.2 5.5
101k-125k 21 24 4 0.2 5.3
126k-150k 50 38 10 0.1 7.9
151k-175k 67 49 5 0.1 8.2
176k-200k 108 60 11 0.1 10.8
201k-225k 110 61 9 0.1 10.8
226k-250k 128 51 13 0.1 15.1
251k-275k 96 49 9 0.1 11.8
276k-300k 146 47 5 0.1 18.6
301k-325k 110 43 7 0.1 15.3
326k-350k 117 29 3 0 24.2
351k-375k 75 20 3 0 22.5
376k-400k 83 24 6 0 20.8
401k-425k 33 12 5 0.1 16.5
426k-450k 49 17 4 0.1 17.3
451k-475k 30 21 6 0.1 8.6
476k-500k 28 11 4 0.1 15.3
501k-550k 35 18 3 0.1 11.7
551k-600k 17 7 1 0.1 14.6
601k-650k 10 2 1 0 30
651k-700k 11 2 0 33
701k-750k 10 3 1 0.1 20
751k-800k 8 0
801k-850k 4 3 0.1 8
851k-900k 13 1 0 78
901k-950k 2 0
951k-1m 4 1 1 0 24
1m-1.1m 1 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 3 0
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 10% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 16 31 5 0.3 3.1
26k-50k 55 59 17 0.2 5.6
51k-75k 74 36 12 0.1 12.3
76k-100k 55 7 1 0 47.1
101k-125k 13 6 1 0.1 13
126k-150k 30 6 0 30
151k-175k 22 7 1 0.1 18.9
176k-200k 27 5 1 0 32.4
201k-225k 20 2 1 0 60
226k-250k 17 3 0 34
251k-275k 17 4 1 0 25.5
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 3 0
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 10 2 0 30
601k-650k 5 3 0.1 10
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0