Absorption Report

Port Charlotte, Murdock Middle School

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 Since 12/31 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 2 2 0.3 0
101k-125k 1 0
126k-150k 2 4 0.3 3
151k-175k 3 9 1 0.5 2
176k-200k 10 31 2 0.5 1.9
201k-225k 14 45 9 0.5 1.9
226k-250k 31 74 15 0.4 2.5
251k-275k 53 107 31 0.3 3
276k-300k 74 118 15 0.3 3.8
301k-325k 76 137 18 0.3 3.3
326k-350k 100 165 34 0.3 3.6
351k-375k 60 127 22 0.4 2.8
376k-400k 58 86 10 0.2 4
401k-425k 30 54 8 0.3 3.3
426k-450k 35 29 5 0.1 7.2
451k-475k 25 36 5 0.2 4.2
476k-500k 18 23 6 0.2 4.7
501k-550k 20 26 7 0.2 4.6
551k-600k 15 14 4 0.2 6.4
601k-650k 10 5 1 0.1 12
651k-700k 6 4 1 0.1 9
701k-750k 6 2 0.1 18
751k-800k 1 1 0.2 6
851k-900k 3 1 0.1 18
901k-950k 1 2 0.3 3
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 1 1 0.2 6
1.7m-1.8m 1 0
4.5m-5m 1 0

Townhouses NAN% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 4 1 0.7 0
226k-250k 3 1 0.5 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
176k-200k 1 0
301k-325k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 1 0.7 0
26k-50k 15 32 5 0.4 2.8
51k-75k 25 54 10 0.4 2.8
76k-100k 13 10 2 0.1 7.8
101k-125k 5 4 0.1 7.5
126k-150k 13 1 0 78
151k-175k 2 3 0.3 4
176k-200k 7 3 0.1 14
201k-225k 3 1 0.1 18
226k-250k 2 0
251k-275k 1 2 1 0.3 3
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 0.2 0
651k-700k 3 0
701k-750k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
9.01m-10m 1 0