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 1 0.2 0
76k-100k 3 6 1 0.3 3
101k-125k 3 10 1 0.6 1.8
126k-150k 8 19 3 0.4 2.5
151k-175k 11 28 3 0.4 2.4
176k-200k 38 50 6 0.2 4.6
201k-225k 46 69 14 0.3 4
226k-250k 61 77 10 0.2 4.8
251k-275k 75 69 13 0.2 6.5
276k-300k 148 101 24 0.1 8.8
301k-325k 140 156 19 0.2 5.4
326k-350k 232 132 19 0.1 10.5
351k-375k 127 78 9 0.1 9.8
376k-400k 181 73 15 0.1 14.9
401k-425k 77 39 6 0.1 11.8
426k-450k 81 27 2 0.1 18
451k-475k 61 26 1 0.1 14.1
476k-500k 58 24 5 0.1 14.5
501k-550k 61 17 6 0 21.5
551k-600k 65 29 8 0.1 13.4
601k-650k 36 17 4 0.1 12.7
651k-700k 36 10 1 0 21.6
701k-750k 22 8 3 0.1 16.5
751k-800k 39 10 0 23.4
801k-850k 18 2 0 54
851k-900k 28 6 1 0 28
901k-950k 11 3 2 0 22
951k-1m 16 5 0.1 19.2
1m-1.1m 11 2 1 0 33
1.1m-1.2m 10 4 0.1 15
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 4 0
1.4m-1.5m 5 1 0 30
1.5m-1.6m 6 0
1.6m-1.7m 2 0
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 4 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 4 10 0.4 2.4
101k-125k 12 7 1 0.1 10.3
126k-150k 41 20 2 0.1 12.3
151k-175k 20 10 4 0.1 12
176k-200k 19 4 0 28.5
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 4 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 1281 562 84 0.1 13.7
26k-50k 1153 139 20 0 49.8
51k-75k 237 27 1 0 52.7
76k-100k 155 28 2 0 33.2
101k-125k 86 9 3 0 57.3
126k-150k 52 6 1 0 52
151k-175k 59 1 0 354
176k-200k 38 2 0 114
201k-225k 22 3 2 0 44
226k-250k 12 2 1 0 36
251k-275k 7 1 1 0 42
276k-300k 12 0
301k-325k 5 0
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