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 6 1 0.5 2
101k-125k 2 10 1 0.8 1.2
126k-150k 6 20 2 0.6 1.8
151k-175k 11 29 5 0.4 2.3
176k-200k 31 50 6 0.3 3.7
201k-225k 44 67 14 0.3 3.9
226k-250k 67 84 16 0.2 4.8
251k-275k 79 74 11 0.2 6.4
276k-300k 133 97 14 0.1 8.2
301k-325k 157 160 23 0.2 5.9
326k-350k 214 142 24 0.1 9
351k-375k 132 86 17 0.1 9.2
376k-400k 166 77 9 0.1 12.9
401k-425k 86 42 9 0.1 12.3
426k-450k 71 25 2 0.1 17
451k-475k 63 30 3 0.1 12.6
476k-500k 64 24 4 0.1 16
501k-550k 65 19 4 0 20.5
551k-600k 61 32 8 0.1 11.4
601k-650k 34 15 4 0.1 13.6
651k-700k 34 12 1 0.1 17
701k-750k 23 7 0.1 19.7
751k-800k 32 11 0.1 17.5
801k-850k 19 4 0 28.5
851k-900k 26 6 1 0 26
901k-950k 12 2 1 0 36
951k-1m 18 5 0 21.6
1m-1.1m 10 1 1 0 60
1.1m-1.2m 9 6 0.1 9
1.2m-1.3m 11 6 0.1 11
1.3m-1.4m 2 0
1.4m-1.5m 4 2 1 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 1 0.5 2
76k-100k 3 10 1 0.6 1.8
101k-125k 14 9 3 0.1 9.3
126k-150k 39 24 5 0.1 9.8
151k-175k 19 11 2 0.1 10.4
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 0.1 12
276k-300k 10 0
301k-325k 2 2 2 0.2 6
326k-350k 4 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 1325 587 79 0.1 13.5
26k-50k 1186 152 25 0 46.8
51k-75k 232 27 4 0 51.6
76k-100k 157 31 1 0 30.4
101k-125k 88 12 2 0 44
126k-150k 50 7 1 0 42.9
151k-175k 56 2 0 168
176k-200k 32 2 0 96
201k-225k 21 3 1 0 42
226k-250k 14 3 0 28
251k-275k 7 0
276k-300k 12 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 1 0 36
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 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