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 5 19 3 0.6 1.6
151k-175k 10 29 4 0.5 2.1
176k-200k 34 51 6 0.3 4
201k-225k 40 67 6 0.3 3.6
226k-250k 70 88 13 0.2 4.8
251k-275k 76 75 11 0.2 6.1
276k-300k 136 111 14 0.1 7.4
301k-325k 145 165 19 0.2 5.3
326k-350k 227 144 22 0.1 9.5
351k-375k 109 78 9 0.1 8.4
376k-400k 165 86 7 0.1 11.5
401k-425k 76 43 8 0.1 10.6
426k-450k 69 28 3 0.1 14.8
451k-475k 58 30 6 0.1 11.6
476k-500k 62 25 3 0.1 14.9
501k-550k 68 19 1 0 21.5
551k-600k 55 32 4 0.1 10.3
601k-650k 37 15 4 0.1 14.8
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 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 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 4 0
1.9m-2m 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 8 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 1301 614 58 0.1 12.7
26k-50k 1158 154 10 0 45.1
51k-75k 234 35 4 0 40.1
76k-100k 154 30 2 0 30.8
101k-125k 85 10 0 51
126k-150k 47 7 0 40.3
151k-175k 56 3 0 112
176k-200k 33 2 0 99
201k-225k 23 2 0 69
226k-250k 12 3 0 24
251k-275k 9 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