Absorption Report

Murdock Middle School, 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 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 1 5 0.8 1.2
176k-200k 3 5 0.3 3.6
201k-225k 10 8 2 0.1 7.5
226k-250k 8 7 0.1 6.9
251k-275k 18 19 5 0.2 5.7
276k-300k 29 14 2 0.1 12.4
301k-325k 30 26 1 0.1 6.9
326k-350k 36 21 2 0.1 10.3
351k-375k 35 15 4 0.1 14
376k-400k 34 13 1 0.1 15.7
401k-425k 19 12 0.1 9.5
426k-450k 22 3 0 44
451k-475k 21 6 0 21
476k-500k 13 7 0.1 11.1
501k-550k 13 2 0 39
551k-600k 17 2 0 51
601k-650k 6 7 0.2 5.1
651k-700k 4 1 1 0 24
701k-750k 4 0
751k-800k 4 1 0 24
801k-850k 1 0
851k-900k 3 0
901k-950k 3 1 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 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
126k-150k 3 1 0.1 18
151k-175k 4 3 0.1 8
176k-200k 4 0
201k-225k 2 2 0.2 6
226k-250k 4 2 0.1 12
251k-275k 4 0
276k-300k 3 0
301k-325k 1 2 2 0.3 3
326k-350k 1 0
351k-375k 4 0
376k-400k 1 0
476k-500k 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 277 89 13 0.1 18.7
26k-50k 109 11 0 59.5
51k-75k 27 5 0 32.4
76k-100k 23 4 0 34.5
101k-125k 12 0
126k-150k 3 2 0.1 9
151k-175k 2 0
176k-200k 2 0
201k-225k 5 0
226k-250k 4 0
251k-275k 3 0
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
551k-600k 1 0