Absorption Report

North Port, Port Charlotte

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 15% 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
201k-225k 1 0.2 0
226k-250k 2 2 0.2 6
251k-275k 2 2 0.2 6
276k-300k 4 2 0.1 12
301k-325k 1 5 0.8 1.2
326k-350k 7 14 3 0.3 3
351k-375k 9 15 0.3 3.6
376k-400k 18 34 9 0.3 3.2
401k-425k 20 41 5 0.3 2.9
426k-450k 36 51 6 0.2 4.2
451k-475k 37 52 9 0.2 4.3
476k-500k 66 92 18 0.2 4.3
501k-550k 115 168 28 0.2 4.1
551k-600k 131 152 20 0.2 5.2
601k-650k 128 103 20 0.1 7.5
651k-700k 164 104 20 0.1 9.5
701k-750k 118 97 18 0.1 7.3
751k-800k 128 78 15 0.1 9.8
801k-850k 85 70 7 0.1 7.3
851k-900k 91 64 12 0.1 8.5
901k-950k 59 36 5 0.1 9.8
951k-1m 79 49 11 0.1 9.7
1m-1.1m 76 66 15 0.1 6.9
1.1m-1.2m 106 61 13 0.1 10.4
1.2m-1.3m 72 31 7 0.1 13.9
1.3m-1.4m 60 32 8 0.1 11.3
1.4m-1.5m 55 32 5 0.1 10.3
1.5m-1.6m 44 20 6 0.1 13.2
1.6m-1.7m 39 15 4 0.1 15.6
1.7m-1.8m 44 23 6 0.1 11.5
1.8m-1.9m 40 20 1 0.1 12
1.9m-2m 40 19 4 0.1 12.6
2m-2.25m 42 24 6 0.1 10.5
2.25m-2.5m 54 23 4 0.1 14.1
2.5m-2.75m 30 21 5 0.1 8.6
2.75m-3m 46 12 2 0 23
3m-3.5m 66 23 6 0.1 17.2
3.5m-4m 43 16 5 0.1 16.1
4m-4.5m 34 11 3 0.1 18.5
4.5m-5m 30 14 2 0.1 12.9
5.01m-6m 57 19 5 0.1 18
6.01m-7m 39 5 2 0 46.8
7.01m-8m 40 4 0 60
8.01m-9m 22 8 4 0.1 16.5
9.01m-10m 27 5 3 0 32.4
10.01m-11m 9 3 0.1 18
11.01m-12m 16 6 1 0.1 16
12.01m-13m 10 1 1 0 60
13.01m-14m 12 2 1 0 36
14.01m-15m 13 0
15.01m-16m 9 1 0 54
16.01m-17m 5 2 0.1 15
17.01m-18m 3 0
18.01m-19m 3 0
19.01m-20m 4 0
20.01m-21m 3 1 0.1 18
21.01m-22m 6 0
22.01m-23m 1 0
23.01m-24m 3 0
25.01m-26m 4 1 0 24
27.01m-28m 2 0
28.01m-29m 1 0
29.01m-30m 1 0
32.01m-33m 1 0
34.01m-35m 3 0
43.01m-44m 1 0
44.01m-45m 1 0.2 0
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0

Townhouses 15% 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
201k-225k 1 0
276k-300k 2 4 1 0.3 3
301k-325k 1 1 0.2 6
326k-350k 2 4 0.3 3
351k-375k 3 8 1 0.4 2.3
376k-400k 6 6 1 0.2 6
401k-425k 8 7 0.1 6.9
426k-450k 14 10 1 0.1 8.4
451k-475k 16 10 0.1 9.6
476k-500k 19 9 1 0.1 12.7
501k-550k 17 10 3 0.1 10.2
551k-600k 11 6 2 0.1 11
601k-650k 1 2 1 0.3 3
651k-700k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 1 1 0.2 6
1m-1.1m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 3 0

Condos 11% 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 0.2 0
101k-125k 1 4 1 0.7 1.5
126k-150k 6 7 2 0.2 5.1
151k-175k 18 8 2 0.1 13.5
176k-200k 28 29 2 0.2 5.8
201k-225k 39 49 9 0.2 4.8
226k-250k 47 40 7 0.1 7.1
251k-275k 65 64 9 0.2 6.1
276k-300k 132 86 17 0.1 9.2
301k-325k 86 82 10 0.2 6.3
326k-350k 133 78 13 0.1 10.2
351k-375k 102 56 8 0.1 10.9
376k-400k 112 63 13 0.1 10.7
401k-425k 76 54 10 0.1 8.4
426k-450k 89 44 10 0.1 12.1
451k-475k 46 33 4 0.1 8.4
476k-500k 95 36 9 0.1 15.8
501k-550k 111 42 7 0.1 15.9
551k-600k 90 48 6 0.1 11.3
601k-650k 70 33 5 0.1 12.7
651k-700k 57 25 7 0.1 13.7
701k-750k 42 33 5 0.1 7.6
751k-800k 51 19 4 0.1 16.1
801k-850k 39 13 2 0.1 18
851k-900k 50 24 3 0.1 12.5
901k-950k 29 20 4 0.1 8.7
951k-1m 37 16 5 0.1 13.9
1m-1.1m 31 21 3 0.1 8.9
1.1m-1.2m 51 18 5 0.1 17
1.2m-1.3m 35 14 1 0.1 15
1.3m-1.4m 37 11 2 0 20.2
1.4m-1.5m 27 7 4 0 23.1
1.5m-1.6m 19 10 0.1 11.4
1.6m-1.7m 13 7 0.1 11.1
1.7m-1.8m 26 2 0 78
1.8m-1.9m 17 7 0.1 14.6
1.9m-2m 25 13 3 0.1 11.5
2m-2.25m 24 7 1 0 20.6
2.25m-2.5m 41 6 0 41
2.5m-2.75m 29 7 1 0 24.9
2.75m-3m 27 8 3 0 20.3
3m-3.5m 37 7 1 0 31.7
3.5m-4m 21 9 1 0.1 14
4m-4.5m 15 3 2 0 30
4.5m-5m 11 3 2 0 22
5.01m-6m 6 7 2 0.2 5.1
6.01m-7m 15 4 1 0 22.5
7.01m-8m 9 0
8.01m-9m 5 0
9.01m-10m 3 1 0.1 18
10.01m-11m 4 1 0 24
11.01m-12m 3 0
12.01m-13m 2 0
14.01m-15m 1 0
16.01m-17m 1 0
19.01m-20m 1 0
27.01m-28m 1 0
29.01m-30m 2 0
44.01m-45m 1 0

Land 8% 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 10 6 1 0.1 10
26k-50k 28 16 5 0.1 10.5
51k-75k 56 26 3 0.1 12.9
76k-100k 61 24 9 0.1 15.3
101k-125k 48 26 9 0.1 11.1
126k-150k 69 32 3 0.1 12.9
151k-175k 28 21 3 0.1 8
176k-200k 43 14 3 0.1 18.4
201k-225k 21 5 1 0 25.2
226k-250k 39 6 0 39
251k-275k 12 1 0 72
276k-300k 38 5 1 0 45.6
301k-325k 15 2 0 45
326k-350k 12 5 2 0.1 14.4
351k-375k 6 1 1 0 36
376k-400k 19 5 2 0 22.8
401k-425k 4 2 0.1 12
426k-450k 15 3 2 0 30
451k-475k 6 4 0.1 9
476k-500k 20 3 0 40
501k-550k 10 3 0.1 20
551k-600k 9 1 0 54
601k-650k 3 3 0.2 6
651k-700k 8 1 0 48
701k-750k 8 0
751k-800k 18 0
801k-850k 5 1 1 0 30
851k-900k 3 0
901k-950k 6 0
951k-1m 5 0
1m-1.1m 11 1 0 66
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 3 0
1.4m-1.5m 6 0
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 4 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 3 0
2m-2.25m 4 1 0 24
2.25m-2.5m 7 1 0 42
2.5m-2.75m 8 1 0 48
2.75m-3m 10 0
3m-3.5m 14 1 1 0 84
3.5m-4m 7 1 1 0 42
4m-4.5m 4 0
4.5m-5m 7 3 1 0.1 14
5.01m-6m 8 0
6.01m-7m 4 0
7.01m-8m 8 0
8.01m-9m 1 0
9.01m-10m 2 0
10.01m-11m 1 1 0.2 0
19.01m-20m 1 0
21.01m-22m 1 0
23.01m-24m 1 0
24.01m-25m 1 0
31.01m-32m 1 0.2 0
62.01m-63m 1 0