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
126k-150k 2 1 0.1 12
151k-175k 1 6 1 1 1
176k-200k 4 5 0.2 4.8
201k-225k 3 8 2 0.4 2.3
226k-250k 14 13 1 0.2 6.5
251k-275k 14 20 5 0.2 4.2
276k-300k 27 25 5 0.2 6.5
301k-325k 28 30 6 0.2 5.6
326k-350k 48 28 0.1 10.3
351k-375k 26 13 1 0.1 12
376k-400k 34 19 2 0.1 10.7
401k-425k 11 14 2 0.2 4.7
426k-450k 19 5 1 0 22.8
451k-475k 15 8 0.1 11.3
476k-500k 10 10 2 0.2 6
501k-550k 8 4 1 0.1 12
551k-600k 14 2 1 0 42
601k-650k 4 4 0.2 6
651k-700k 2 0
701k-750k 3 0
751k-800k 5 2 1 0.1 15
801k-850k 1 0
851k-900k 3 1 0.1 18
901k-950k 1 0
951k-1m 3 0
1.2m-1.3m 2 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 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 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 2 2 0.2 6
151k-175k 1 3 0.5 2
176k-200k 4 3 0.1 8
201k-225k 3 2 0.1 9
226k-250k 2 1 0.1 12
251k-275k 2 1 0.1 12
276k-300k 6 1 0 36
301k-325k 1 0
326k-350k 2 0
351k-375k 1 0
401k-425k 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 275 117 15 0.1 14.1
26k-50k 104 19 2 0 32.8
51k-75k 28 7 0 24
76k-100k 19 5 0 22.8
101k-125k 13 0
126k-150k 3 2 0.1 9
151k-175k 3 0
176k-200k 2 0
201k-225k 5 0
226k-250k 4 0
251k-275k 2 0
276k-300k 1 0
301k-325k 1 0
351k-375k 1 0
376k-400k 1 0
551k-600k 1 0