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 2 10 3 0.8 1.2
126k-150k 4 19 3 0.8 1.3
151k-175k 10 27 3 0.5 2.2
176k-200k 32 51 7 0.3 3.8
201k-225k 45 67 8 0.2 4
226k-250k 69 93 14 0.2 4.5
251k-275k 75 78 11 0.2 5.8
276k-300k 140 121 16 0.1 6.9
301k-325k 150 171 26 0.2 5.3
326k-350k 230 147 24 0.1 9.4
351k-375k 113 83 12 0.1 8.2
376k-400k 164 92 10 0.1 10.7
401k-425k 78 49 13 0.1 9.6
426k-450k 69 29 5 0.1 14.3
451k-475k 57 30 5 0.1 11.4
476k-500k 61 27 3 0.1 13.6
501k-550k 70 20 1 0 21
551k-600k 55 35 5 0.1 9.4
601k-650k 39 15 4 0.1 15.6
651k-700k 31 13 2 0.1 14.3
701k-750k 20 11 1 0.1 10.9
751k-800k 29 15 2 0.1 11.6
801k-850k 16 4 1 0 24
851k-900k 26 7 1 0 22.3
901k-950k 12 1 0 72
951k-1m 18 5 0 21.6
1m-1.1m 9 0
1.1m-1.2m 10 6 1 0.1 10
1.2m-1.3m 12 7 0.1 10.3
1.3m-1.4m 2 0
1.4m-1.5m 4 2 1 0.1 12
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 6 2 0.5 2
76k-100k 4 11 1 0.5 2.2
101k-125k 15 7 1 0.1 12.9
126k-150k 32 23 5 0.1 8.3
151k-175k 20 11 1 0.1 10.9
176k-200k 17 9 1 0.1 11.3
201k-225k 7 3 0.1 14
226k-250k 9 14 2 0.3 3.9
251k-275k 7 6 1 0.1 7
276k-300k 10 1 0 60
301k-325k 4 2 1 0.1 12
326k-350k 4 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 1307 636 71 0.1 12.3
26k-50k 1161 162 12 0 43
51k-75k 242 34 3 0 42.7
76k-100k 158 30 2 0 31.6
101k-125k 103 10 0 61.8
126k-150k 53 7 0 45.4
151k-175k 56 5 0 67.2
176k-200k 35 2 0 105
201k-225k 26 2 0 78
226k-250k 13 4 0.1 19.5
251k-275k 9 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 4 1 1 0 24
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