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 6 1 1 1
101k-125k 2 11 3 0.9 1.1
126k-150k 4 18 2 0.8 1.3
151k-175k 10 29 4 0.5 2.1
176k-200k 35 51 7 0.2 4.1
201k-225k 39 67 6 0.3 3.5
226k-250k 70 90 15 0.2 4.7
251k-275k 74 75 11 0.2 5.9
276k-300k 139 110 15 0.1 7.6
301k-325k 150 167 21 0.2 5.4
326k-350k 226 142 22 0.1 9.5
351k-375k 110 81 13 0.1 8.1
376k-400k 162 84 7 0.1 11.6
401k-425k 80 43 8 0.1 11.2
426k-450k 65 28 3 0.1 13.9
451k-475k 62 30 6 0.1 12.4
476k-500k 58 25 3 0.1 13.9
501k-550k 70 19 1 0 22.1
551k-600k 53 30 4 0.1 10.6
601k-650k 36 15 4 0.1 14.4
651k-700k 33 13 2 0.1 15.2
701k-750k 22 10 1 0.1 13.2
751k-800k 29 12 0.1 14.5
801k-850k 16 4 1 0 24
851k-900k 28 7 1 0 24
901k-950k 12 1 0 72
951k-1m 17 5 0 20.4
1m-1.1m 9 1 1 0 54
1.1m-1.2m 10 6 1 0.1 10
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 0
1.8m-1.9m 4 0
1.9m-2m 1 0
2.25m-2.5m 2 1 0.1 12
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 2 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 3 0.1 8.3
151k-175k 20 10 1 0.1 12
176k-200k 18 5 1 0 21.6
201k-225k 7 3 0.1 14
226k-250k 9 14 2 0.3 3.9
251k-275k 7 5 1 0.1 8.4
276k-300k 9 0
301k-325k 4 1 1 0 24
326k-350k 4 0
351k-375k 2 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 1304 617 67 0.1 12.7
26k-50k 1158 155 12 0 44.8
51k-75k 242 33 4 0 44
76k-100k 161 30 2 0 32.2
101k-125k 83 10 0 49.8
126k-150k 47 7 0 40.3
151k-175k 56 3 0 112
176k-200k 34 2 0 102
201k-225k 22 2 0 66
226k-250k 12 3 0 24
251k-275k 9 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 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