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 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
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 2 7 2 0.6 1.7
101k-125k 2 10 1 0.8 1.2
126k-150k 6 18 3 0.5 2
151k-175k 11 28 5 0.4 2.4
176k-200k 32 50 4 0.3 3.8
201k-225k 46 70 17 0.3 3.9
226k-250k 65 79 13 0.2 4.9
251k-275k 74 73 13 0.2 6.1
276k-300k 144 96 19 0.1 9
301k-325k 154 156 19 0.2 5.9
326k-350k 212 136 22 0.1 9.4
351k-375k 131 82 14 0.1 9.6
376k-400k 176 75 14 0.1 14.1
401k-425k 76 39 5 0.1 11.7
426k-450k 78 25 1 0.1 18.7
451k-475k 57 27 1 0.1 12.7
476k-500k 65 23 5 0.1 17
501k-550k 67 20 7 0 20.1
551k-600k 61 31 9 0.1 11.8
601k-650k 34 16 4 0.1 12.8
651k-700k 34 11 1 0.1 18.5
701k-750k 24 8 2 0.1 18
751k-800k 32 10 0.1 19.2
801k-850k 17 3 0 34
851k-900k 28 5 0 33.6
901k-950k 9 2 2 0 27
951k-1m 19 4 0 28.5
1m-1.1m 10 1 1 0 60
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 2 0
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 5 0
1.9m-2m 1 0
2.25m-2.5m 3 0
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
126k-150k 1 0
151k-175k 1 0

Condos 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
51k-75k 2 6 0.5 2
76k-100k 3 9 1 0.5 2
101k-125k 13 8 3 0.1 9.8
126k-150k 38 21 3 0.1 10.9
151k-175k 18 8 2 0.1 13.5
176k-200k 18 5 0 21.6
201k-225k 5 3 0.1 10
226k-250k 9 14 2 0.3 3.9
251k-275k 10 4 0.1 15
276k-300k 10 0
301k-325k 2 2 1 0.2 6
326k-350k 5 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 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
-24,000-0 4 0
1k-25k 1325 571 89 0.1 13.9
26k-50k 1182 141 27 0 50.3
51k-75k 233 27 3 0 51.8
76k-100k 161 29 1 0 33.3
101k-125k 87 10 3 0 52.2
126k-150k 50 6 1 0 50
151k-175k 59 1 0 354
176k-200k 33 2 0 99
201k-225k 22 2 1 0 66
226k-250k 13 2 0 39
251k-275k 6 1 1 0 36
276k-300k 12 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 0 36
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 2 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 2 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0