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 17 2 0.5 2.1
151k-175k 11 28 4 0.4 2.4
176k-200k 30 50 4 0.3 3.6
201k-225k 45 66 13 0.2 4.1
226k-250k 65 81 15 0.2 4.8
251k-275k 80 74 11 0.2 6.5
276k-300k 135 92 11 0.1 8.8
301k-325k 155 156 18 0.2 6
326k-350k 215 139 22 0.1 9.3
351k-375k 131 83 17 0.1 9.5
376k-400k 170 74 9 0.1 13.8
401k-425k 86 41 8 0.1 12.6
426k-450k 72 25 2 0.1 17.3
451k-475k 63 30 3 0.1 12.6
476k-500k 64 22 4 0.1 17.5
501k-550k 66 19 3 0 20.8
551k-600k 62 32 7 0.1 11.6
601k-650k 36 15 3 0.1 14.4
651k-700k 34 12 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 27 6 1 0 27
901k-950k 12 2 1 0 36
951k-1m 18 4 0 27
1m-1.1m 10 1 1 0 60
1.1m-1.2m 9 5 0.1 10.8
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 38 23 5 0.1 9.9
151k-175k 19 8 2 0.1 14.3
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 1326 582 79 0.1 13.7
26k-50k 1185 149 24 0 47.7
51k-75k 231 27 3 0 51.3
76k-100k 158 31 1 0 30.6
101k-125k 87 11 2 0 47.5
126k-150k 50 6 1 0 50
151k-175k 56 2 0 168
176k-200k 34 2 0 102
201k-225k 22 3 1 0 44
226k-250k 12 3 0 24
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