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 9 19 2 0.4 2.8
151k-175k 11 28 3 0.4 2.4
176k-200k 39 51 7 0.2 4.6
201k-225k 48 67 12 0.2 4.3
226k-250k 64 74 8 0.2 5.2
251k-275k 77 63 10 0.1 7.3
276k-300k 152 101 23 0.1 9
301k-325k 137 155 15 0.2 5.3
326k-350k 234 129 19 0.1 10.9
351k-375k 128 78 10 0.1 9.8
376k-400k 184 72 15 0.1 15.3
401k-425k 78 38 4 0.1 12.3
426k-450k 81 27 2 0.1 18
451k-475k 61 25 1 0.1 14.6
476k-500k 59 24 4 0.1 14.8
501k-550k 61 18 4 0 20.3
551k-600k 65 27 5 0.1 14.4
601k-650k 39 17 4 0.1 13.8
651k-700k 36 9 1 0 24
701k-750k 23 8 3 0.1 17.3
751k-800k 38 9 0 25.3
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 13 6 1 0.1 13
126k-150k 41 19 1 0.1 12.9
151k-175k 19 10 3 0.1 11.4
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

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 1292 549 69 0.1 14.1
26k-50k 1163 133 16 0 52.5
51k-75k 238 27 1 0 52.9
76k-100k 158 28 2 0 33.9
101k-125k 87 9 3 0 58
126k-150k 52 6 1 0 52
151k-175k 59 1 0 354
176k-200k 37 2 0 111
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