Absorption Report

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 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 5 0.8 1.2
101k-125k 2 11 3 0.9 1.1
126k-150k 4 19 3 0.8 1.3
151k-175k 10 27 3 0.5 2.2
176k-200k 33 51 7 0.3 3.9
201k-225k 43 67 7 0.3 3.9
226k-250k 70 91 14 0.2 4.6
251k-275k 74 78 11 0.2 5.7
276k-300k 137 121 17 0.1 6.8
301k-325k 151 172 25 0.2 5.3
326k-350k 227 147 25 0.1 9.3
351k-375k 111 83 10 0.1 8
376k-400k 166 92 10 0.1 10.8
401k-425k 78 49 13 0.1 9.6
426k-450k 70 28 5 0.1 15
451k-475k 58 29 5 0.1 12
476k-500k 61 27 3 0.1 13.6
501k-550k 69 20 1 0 20.7
551k-600k 57 34 4 0.1 10.1
601k-650k 39 15 4 0.1 15.6
651k-700k 32 13 2 0.1 14.8
701k-750k 21 11 1 0.1 11.5
751k-800k 31 15 2 0.1 12.4
801k-850k 16 4 1 0 24
851k-900k 27 7 1 0 23.1
901k-950k 13 1 0 78
951k-1m 17 5 0 20.4
1m-1.1m 9 0
1.1m-1.2m 10 6 1 0.1 10
1.2m-1.3m 12 7 0.1 10.3
1.3m-1.4m 2 0
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
3.5m-4m 1 0

Townhouses 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
151k-175k 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
51k-75k 2 6 2 0.5 2
76k-100k 4 10 1 0.4 2.4
101k-125k 15 7 1 0.1 12.9
126k-150k 32 23 4 0.1 8.3
151k-175k 22 11 1 0.1 12
176k-200k 17 8 1 0.1 12.8
201k-225k 7 3 0.1 14
226k-250k 9 14 2 0.3 3.9
251k-275k 7 6 1 0.1 7
276k-300k 10 1 0 60
301k-325k 4 2 1 0.1 12
326k-350k 4 0
351k-375k 2 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 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
-24,000-0 4 0
1k-25k 1314 630 66 0.1 12.5
26k-50k 1160 160 11 0 43.5
51k-75k 241 34 3 0 42.5
76k-100k 157 30 2 0 31.4
101k-125k 103 10 0 61.8
126k-150k 53 7 0 45.4
151k-175k 57 4 0 85.5
176k-200k 35 2 0 105
201k-225k 26 2 0 78
226k-250k 13 4 0.1 19.5
251k-275k 9 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 4 1 1 0 24
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0