Absorption Report

Charlotte High School, Port Charlotte, Punta Gorda, 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 4 1 0.7 0
126k-150k 2 3 1 0.3 4
151k-175k 5 3 2 0.1 10
176k-200k 3 4 2 0.2 4.5
201k-225k 5 6 2 0.2 5
226k-250k 6 8 0.2 4.5
251k-275k 4 11 3 0.5 2.2
276k-300k 30 22 2 0.1 8.2
301k-325k 20 25 4 0.2 4.8
326k-350k 36 34 5 0.2 6.4
351k-375k 40 15 2 0.1 16
376k-400k 35 19 1 0.1 11.1
401k-425k 21 13 2 0.1 9.7
426k-450k 23 12 2 0.1 11.5
451k-475k 9 8 1 0.1 6.8
476k-500k 11 13 1 0.2 5.1
501k-550k 19 17 2 0.1 6.7
551k-600k 23 11 1 0.1 12.5
601k-650k 23 19 3 0.1 7.3
651k-700k 18 6 0.1 18
701k-750k 16 11 0.1 8.7
751k-800k 17 12 1 0.1 8.5
801k-850k 14 10 1 0.1 8.4
851k-900k 16 6 0.1 16
901k-950k 12 3 0 24
951k-1m 10 4 0.1 15
1m-1.1m 10 6 1 0.1 10
1.1m-1.2m 10 6 1 0.1 10
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 7 2 0 21
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 5 1 1 0 30
1.7m-1.8m 3 1 0.5 0
1.8m-1.9m 2 0
1.9m-2m 4 1 0 24
2m-2.25m 3 0
2.25m-2.5m 3 0

Townhouses 17% 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
226k-250k 2 1 0.1 12
251k-275k 1 0.2 0
301k-325k 1 0
326k-350k 1 1 0.2 6
501k-550k 1 0

Condos 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
76k-100k 2 0.3 0
101k-125k 2 0
126k-150k 7 6 2 0.1 7
151k-175k 10 11 1 0.2 5.5
176k-200k 11 6 1 0.1 11
201k-225k 11 8 1 0.1 8.3
226k-250k 10 5 1 0.1 12
251k-275k 8 2 0 24
276k-300k 16 6 0.1 16
301k-325k 12 1 0 72
326k-350k 13 1 0 78
351k-375k 4 0
376k-400k 12 2 0 36
401k-425k 5 3 2 0.1 10
426k-450k 6 1 0 36
451k-475k 4 3 2 0.1 8
476k-500k 5 0
501k-550k 6 3 1 0.1 12
551k-600k 6 0
601k-650k 1 0.2 0
651k-700k 5 0
701k-750k 4 2 1 0.1 12
751k-800k 4 1 0 24
801k-850k 1 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
1k-25k 82 28 4 0.1 17.6
26k-50k 77 32 3 0.1 14.4
51k-75k 35 15 3 0.1 14
76k-100k 22 6 2 0 22
101k-125k 8 4 0.1 12
126k-150k 11 4 0.1 16.5
151k-175k 5 1 0 30
176k-200k 9 0
201k-225k 6 0
226k-250k 5 0
251k-275k 7 2 0 21
276k-300k 13 4 2 0.1 19.5
301k-325k 6 1 0 36
326k-350k 3 0
351k-375k 3 2 0.1 9
376k-400k 6 1 1 0 36
401k-425k 4 1 0 24
426k-450k 3 0
451k-475k 3 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 3 0
701k-750k 3 0
751k-800k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0