Absorption Report

Port Charlotte, 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 1% 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 0.2 0
76k-100k 1 5 0.8 1.2
101k-125k 3 10 3 0.6 1.8
126k-150k 2 19 4 1.6 0.6
151k-175k 9 27 3 0.5 2
176k-200k 32 51 9 0.3 3.8
201k-225k 43 67 11 0.3 3.9
226k-250k 63 90 11 0.2 4.2
251k-275k 74 82 13 0.2 5.4
276k-300k 137 123 16 0.1 6.7
301k-325k 142 170 30 0.2 5
326k-350k 230 147 29 0.1 9.4
351k-375k 111 83 14 0.1 8
376k-400k 159 91 12 0.1 10.5
401k-425k 73 45 8 0.1 9.7
426k-450k 67 30 6 0.1 13.4
451k-475k 53 29 5 0.1 11
476k-500k 60 27 4 0.1 13.3
501k-550k 72 22 2 0.1 19.6
551k-600k 56 34 2 0.1 9.9
601k-650k 39 13 3 0.1 18
651k-700k 29 13 2 0.1 13.4
701k-750k 20 11 2 0.1 10.9
751k-800k 29 16 2 0.1 10.9
801k-850k 14 4 1 0 21
851k-900k 25 6 1 0 25
901k-950k 12 1 0 72
951k-1m 18 5 0 21.6
1m-1.1m 9 0
1.1m-1.2m 9 6 1 0.1 9
1.2m-1.3m 12 8 1 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
3.5m-4m 1 0

Townhouses 0% 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
151k-175k 1 0

Condos 0% 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 2 4 1 0.3 3
76k-100k 4 11 4 0.5 2.2
101k-125k 13 7 1 0.1 11.1
126k-150k 29 22 5 0.1 7.9
151k-175k 20 12 1 0.1 10
176k-200k 17 8 0.1 12.8
201k-225k 9 3 0.1 18
226k-250k 8 15 2 0.3 3.2
251k-275k 6 8 2 0.2 4.5
276k-300k 9 1 0 54
301k-325k 4 1 0 24
326k-350k 3 0
351k-375k 2 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0

Land 0% 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
-24,000-0 4 0
1k-25k 1284 661 86 0.1 11.7
26k-50k 1153 171 15 0 40.5
51k-75k 237 37 2 0 38.4
76k-100k 153 32 3 0 28.7
101k-125k 102 11 0 55.6
126k-150k 53 7 0 45.4
151k-175k 55 6 0 55
176k-200k 36 3 0 72
201k-225k 25 2 0 75
226k-250k 12 4 0.1 18
251k-275k 8 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0