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 3 6 1 0.3 3
101k-125k 3 9 0.5 2
126k-150k 8 19 2 0.4 2.5
151k-175k 11 28 3 0.4 2.4
176k-200k 40 50 6 0.2 4.8
201k-225k 46 67 12 0.2 4.1
226k-250k 64 74 8 0.2 5.2
251k-275k 75 63 10 0.1 7.1
276k-300k 151 101 23 0.1 9
301k-325k 139 155 15 0.2 5.4
326k-350k 231 128 18 0.1 10.8
351k-375k 129 78 10 0.1 9.9
376k-400k 183 71 14 0.1 15.5
401k-425k 79 38 4 0.1 12.5
426k-450k 80 27 2 0.1 17.8
451k-475k 61 25 1 0.1 14.6
476k-500k 58 24 4 0.1 14.5
501k-550k 61 17 3 0 21.5
551k-600k 65 27 5 0.1 14.4
601k-650k 37 17 4 0.1 13.1
651k-700k 36 9 1 0 24
701k-750k 22 8 3 0.1 16.5
751k-800k 39 9 0 26
801k-850k 19 2 0 57
851k-900k 27 6 1 0 27
901k-950k 11 3 2 0 22
951k-1m 16 5 0.1 19.2
1m-1.1m 11 2 1 0 33
1.1m-1.2m 11 4 0.1 16.5
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 5 0
1.4m-1.5m 5 1 0 30
1.5m-1.6m 6 0
1.6m-1.7m 2 0
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 4 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 4 10 0.4 2.4
101k-125k 12 6 1 0.1 12
126k-150k 41 19 1 0.1 12.9
151k-175k 20 10 3 0.1 12
176k-200k 20 4 0 30
201k-225k 4 3 0.1 8
226k-250k 10 12 0.2 5
251k-275k 10 4 0.1 15
276k-300k 11 0
301k-325k 3 2 1 0.1 9
326k-350k 4 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 1283 550 69 0.1 14
26k-50k 1157 133 16 0 52.2
51k-75k 237 27 1 0 52.7
76k-100k 158 28 2 0 33.9
101k-125k 86 9 3 0 57.3
126k-150k 52 6 1 0 52
151k-175k 59 1 0 354
176k-200k 38 2 0 114
201k-225k 22 3 1 0 44
226k-250k 12 2 1 0 36
251k-275k 7 1 1 0 42
276k-300k 12 0
301k-325k 5 0
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 0 36
426k-450k 4 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