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 1 0.2 0
76k-100k 2 6 1 0.5 2
101k-125k 2 10 1 0.8 1.2
126k-150k 5 20 2 0.7 1.5
151k-175k 10 29 5 0.5 2.1
176k-200k 29 49 6 0.3 3.6
201k-225k 44 63 9 0.2 4.2
226k-250k 67 83 14 0.2 4.8
251k-275k 84 71 7 0.1 7.1
276k-300k 128 98 14 0.1 7.8
301k-325k 158 161 24 0.2 5.9
326k-350k 222 137 23 0.1 9.7
351k-375k 121 82 14 0.1 8.9
376k-400k 172 74 6 0.1 13.9
401k-425k 85 41 8 0.1 12.4
426k-450k 72 26 2 0.1 16.6
451k-475k 63 30 2 0.1 12.6
476k-500k 59 25 5 0.1 14.2
501k-550k 63 19 4 0.1 19.9
551k-600k 60 31 7 0.1 11.6
601k-650k 36 15 5 0.1 14.4
651k-700k 34 12 1 0.1 17
701k-750k 23 7 1 0.1 19.7
751k-800k 31 11 0.1 16.9
801k-850k 18 4 0 27
851k-900k 30 6 1 0 30
901k-950k 13 2 1 0 39
951k-1m 19 5 0 22.8
1m-1.1m 9 1 1 0 54
1.1m-1.2m 7 6 0.1 7
1.2m-1.3m 12 6 0.1 12
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 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 3 6 2 0.3 3
76k-100k 3 10 1 0.6 1.8
101k-125k 15 8 2 0.1 11.3
126k-150k 39 23 4 0.1 10.2
151k-175k 17 11 2 0.1 9.3
176k-200k 19 5 1 0 22.8
201k-225k 6 3 0.1 12
226k-250k 9 14 2 0.3 3.9
251k-275k 10 5 1 0.1 12
276k-300k 10 0
301k-325k 3 2 2 0.1 9
326k-350k 3 0
351k-375k 4 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0

Land 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
-24,000-0 4 0
1k-25k 1318 587 68 0.1 13.5
26k-50k 1183 151 23 0 47
51k-75k 236 27 4 0 52.4
76k-100k 158 30 0 31.6
101k-125k 87 11 1 0 47.5
126k-150k 48 7 1 0 41.1
151k-175k 56 2 0 168
176k-200k 32 2 0 96
201k-225k 21 3 1 0 42
226k-250k 13 3 0 26
251k-275k 7 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 5 1 1 0 30
401k-425k 1 0.2 0
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
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 2 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0