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 2 0.5 2
101k-125k 2 10 1 0.8 1.2
126k-150k 7 18 3 0.4 2.3
151k-175k 10 28 3 0.5 2.1
176k-200k 32 50 3 0.3 3.8
201k-225k 44 71 16 0.3 3.7
226k-250k 62 77 11 0.2 4.8
251k-275k 72 72 13 0.2 6
276k-300k 136 97 20 0.1 8.4
301k-325k 145 154 19 0.2 5.6
326k-350k 217 135 20 0.1 9.6
351k-375k 130 82 14 0.1 9.5
376k-400k 173 73 13 0.1 14.2
401k-425k 75 39 6 0.1 11.5
426k-450k 74 25 1 0.1 17.8
451k-475k 54 27 1 0.1 12
476k-500k 62 24 6 0.1 15.5
501k-550k 63 17 7 0 22.2
551k-600k 62 30 9 0.1 12.4
601k-650k 35 17 5 0.1 12.4
651k-700k 34 11 1 0.1 18.5
701k-750k 21 7 2 0.1 18
751k-800k 32 10 0.1 19.2
801k-850k 18 2 0 54
851k-900k 23 6 1 0 23
901k-950k 10 2 2 0 30
951k-1m 16 4 0 24
1m-1.1m 11 1 0 66
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 2 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 13 8 3 0.1 9.8
126k-150k 38 20 3 0.1 11.4
151k-175k 19 8 2 0.1 14.3
176k-200k 19 4 0 28.5
201k-225k 5 3 0.1 10
226k-250k 10 14 2 0.2 4.3
251k-275k 10 4 0.1 15
276k-300k 10 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 1269 564 85 0.1 13.5
26k-50k 1145 142 29 0 48.4
51k-75k 232 27 2 0 51.6
76k-100k 155 29 1 0 32.1
101k-125k 83 10 3 0 49.8
126k-150k 48 6 1 0 48
151k-175k 58 1 0 348
176k-200k 31 2 0 93
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