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 5 0.8 1.2
101k-125k 2 11 3 0.9 1.1
126k-150k 4 19 3 0.8 1.3
151k-175k 10 27 2 0.5 2.2
176k-200k 35 51 6 0.2 4.1
201k-225k 40 65 4 0.3 3.7
226k-250k 69 88 13 0.2 4.7
251k-275k 77 74 10 0.2 6.2
276k-300k 135 111 14 0.1 7.3
301k-325k 150 165 19 0.2 5.5
326k-350k 228 143 21 0.1 9.6
351k-375k 111 78 9 0.1 8.5
376k-400k 167 86 7 0.1 11.7
401k-425k 77 43 8 0.1 10.7
426k-450k 69 28 3 0.1 14.8
451k-475k 57 29 5 0.1 11.8
476k-500k 60 25 3 0.1 14.4
501k-550k 70 19 1 0 22.1
551k-600k 57 32 4 0.1 10.7
601k-650k 38 15 4 0.1 15.2
651k-700k 32 13 2 0.1 14.8
701k-750k 23 10 1 0.1 13.8
751k-800k 30 13 0.1 13.8
801k-850k 15 4 1 0 22.5
851k-900k 28 7 1 0 24
901k-950k 12 1 0 72
951k-1m 17 5 0 20.4
1m-1.1m 9 0
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 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
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 1 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 3 10 1 0.6 1.8
101k-125k 16 7 1 0.1 13.7
126k-150k 32 23 3 0.1 8.3
151k-175k 21 10 1 0.1 12.6
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

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 1298 611 55 0.1 12.7
26k-50k 1152 153 9 0 45.2
51k-75k 233 34 3 0 41.1
76k-100k 154 30 2 0 30.8
101k-125k 85 10 0 51
126k-150k 48 7 0 41.1
151k-175k 55 3 0 110
176k-200k 33 2 0 99
201k-225k 23 2 0 69
226k-250k 12 3 0 24
251k-275k 8 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 3 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