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 1 4 1 0.7 1.5
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 4 6 2 0.3 4
226k-250k 6 8 0.2 4.5
251k-275k 2 11 3 0.9 1.1
276k-300k 28 22 3 0.1 7.6
301k-325k 20 26 5 0.2 4.6
326k-350k 35 33 5 0.2 6.4
351k-375k 40 15 2 0.1 16
376k-400k 36 20 2 0.1 10.8
401k-425k 21 13 3 0.1 9.7
426k-450k 21 12 2 0.1 10.5
451k-475k 12 7 2 0.1 10.3
476k-500k 11 13 1 0.2 5.1
501k-550k 17 17 2 0.2 6
551k-600k 24 11 1 0.1 13.1
601k-650k 21 19 3 0.2 6.6
651k-700k 18 6 0.1 18
701k-750k 17 12 0.1 8.5
751k-800k 16 14 1 0.1 6.9
801k-850k 15 10 2 0.1 9
851k-900k 13 8 0.1 9.8
901k-950k 13 4 0.1 19.5
951k-1m 8 4 1 0.1 12
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 5 2 0.1 15
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 5 0
1.7m-1.8m 3 1 0.5 0
1.8m-1.9m 2 0
1.9m-2m 3 1 0.1 18
2m-2.25m 3 0
2.25m-2.5m 3 0

Townhouses 14% 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
376k-400k 1 0
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 6 5 1 0.1 7.2
151k-175k 11 11 1 0.2 6
176k-200k 11 7 1 0.1 9.4
201k-225k 11 8 1 0.1 8.3
226k-250k 9 5 1 0.1 10.8
251k-275k 6 2 0.1 18
276k-300k 17 6 0.1 17
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 4 1 0 24
451k-475k 4 3 2 0.1 8
476k-500k 5 1 0 30
501k-550k 6 3 1 0.1 12
551k-600k 4 0
601k-650k 1 1 0.2 6
651k-700k 3 0
701k-750k 5 2 1 0.1 15
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 80 32 2 0.1 15
51k-75k 35 14 1 0.1 15
76k-100k 22 6 2 0 22
101k-125k 8 4 1 0.1 12
126k-150k 11 4 0.1 16.5
151k-175k 5 1 0 30
176k-200k 9 0
201k-225k 7 0
226k-250k 5 0
251k-275k 7 2 0 21
276k-300k 13 3 1 0 26
301k-325k 6 1 0 36
326k-350k 4 0
351k-375k 3 3 0.2 6
376k-400k 6 0
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
901k-950k 1 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