Absorption Report

Port Charlotte

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
76k-100k 2 0
101k-125k 1 0.2 0
126k-150k 1 3 0.5 2
151k-175k 14 2 2.3 0
176k-200k 6 9 3 0.3 4
201k-225k 28 43 8 0.3 3.9
226k-250k 33 90 12 0.5 2.2
251k-275k 37 45 5 0.2 4.9
276k-300k 36 45 9 0.2 4.8
301k-325k 20 18 4 0.2 6.7
326k-350k 22 33 4 0.3 4
351k-375k 15 30 6 0.3 3
376k-400k 14 20 5 0.2 4.2
401k-425k 16 18 3 0.2 5.3
426k-450k 8 5 1 0.1 9.6
451k-475k 3 8 2 0.4 2.3
476k-500k 16 1 0 96
501k-550k 12 4 1 0.1 18
551k-600k 3 8 0.4 2.3
601k-650k 5 5 1 0.2 6
651k-700k 4 3 0.1 8
701k-750k 2 0.3 0
751k-800k 5 0
801k-850k 1 0.2 0
851k-900k 5 0
901k-950k 3 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 2 0
1.3m-1.4m 4 1 0 24
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0

Townhouses 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
226k-250k 1 0
251k-275k 1 1 0.2 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
176k-200k 1 0.2 0
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 0
251k-275k 1 0.2 0

Land 1% 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 205 305 55 0.2 4
26k-50k 210 130 28 0.1 9.7
51k-75k 66 36 4 0.1 11
76k-100k 24 7 0 20.6
101k-125k 4 1 1 0 24
126k-150k 5 2 0.1 15
151k-175k 4 1 0 24
176k-200k 6 2 0.1 18
201k-225k 3 3 0.2 6
226k-250k 2 1 0.3 0
251k-275k 2 2 1 0.2 6
301k-325k 1 0
351k-375k 2 1 0.1 12
501k-550k 2 1 0.1 12
551k-600k 1 0
701k-750k 1 0
851k-900k 1 0
901k-950k 2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
19.01m-20m 1 0