Absorption Report: Port Charlotte, FL | Homes by Marco

Absorption Report


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 2 1 0.3 0
76k-100k 3 6 1 0.3 3
101k-125k 2 10 1 0.8 1.2
126k-150k 7 18 3 0.4 2.3
151k-175k 9 27 3 0.5 2
176k-200k 34 50 2 0.2 4.1
201k-225k 41 71 15 0.3 3.5
226k-250k 63 78 11 0.2 4.8
251k-275k 75 70 13 0.2 6.4
276k-300k 138 100 22 0.1 8.3
301k-325k 141 159 22 0.2 5.3
326k-350k 220 136 19 0.1 9.7
351k-375k 133 79 10 0.1 10.1
376k-400k 174 74 12 0.1 14.1
401k-425k 73 39 6 0.1 11.2
426k-450k 78 26 1 0.1 18
451k-475k 58 27 1 0.1 12.9
476k-500k 61 24 6 0.1 15.3
501k-550k 65 17 7 0 22.9
551k-600k 62 30 9 0.1 12.4
601k-650k 35 18 5 0.1 11.7
651k-700k 34 10 1 0 20.4
701k-750k 23 7 2 0.1 19.7
751k-800k 35 10 0 21
801k-850k 18 2 0 54
851k-900k 24 6 1 0 24
901k-950k 10 2 1 0 30
951k-1m 16 5 0.1 19.2
1m-1.1m 12 1 0 72
1.1m-1.2m 8 5 0.1 9.6
1.2m-1.3m 13 6 0.1 13
1.3m-1.4m 4 0
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 2 1 1 0.1 12
1.8m-1.9m 5 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 3 9 1 0.5 2
101k-125k 15 8 3 0.1 11.3
126k-150k 38 20 3 0.1 11.4
151k-175k 19 10 4 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 5 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 1257 564 84 0.1 13.4
26k-50k 1146 140 26 0 49.1
51k-75k 237 27 2 0 52.7
76k-100k 151 29 1 0 31.2
101k-125k 83 11 3 0 45.3
126k-150k 47 5 1 0 56.4
151k-175k 58 1 0 348
176k-200k 32 2 0 96
201k-225k 22 2 1 0 66
226k-250k 13 1 0 78
251k-275k 6 1 1 0 36
276k-300k 12 0
301k-325k 5 1 0 30
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