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 6 1 1 1
101k-125k 2 11 3 0.9 1.1
126k-150k 4 18 2 0.8 1.3
151k-175k 10 29 4 0.5 2.1
176k-200k 33 52 7 0.3 3.8
201k-225k 41 67 6 0.3 3.7
226k-250k 70 89 14 0.2 4.7
251k-275k 77 75 11 0.2 6.2
276k-300k 135 111 14 0.1 7.3
301k-325k 151 166 20 0.2 5.5
326k-350k 222 143 22 0.1 9.3
351k-375k 113 80 11 0.1 8.5
376k-400k 162 86 7 0.1 11.3
401k-425k 76 43 8 0.1 10.6
426k-450k 69 28 3 0.1 14.8
451k-475k 61 30 6 0.1 12.2
476k-500k 58 25 3 0.1 13.9
501k-550k 70 19 1 0 22.1
551k-600k 54 32 4 0.1 10.1
601k-650k 36 15 4 0.1 14.4
651k-700k 33 13 2 0.1 15.2
701k-750k 22 10 1 0.1 13.2
751k-800k 29 13 0.1 13.4
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 1 1 0 54
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 2 1 0.1 12
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 2 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
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 1303 618 62 0.1 12.7
26k-50k 1161 154 10 0 45.2
51k-75k 242 35 4 0 41.5
76k-100k 159 30 2 0 31.8
101k-125k 84 10 0 50.4
126k-150k 47 7 0 40.3
151k-175k 57 3 0 114
176k-200k 34 2 0 102
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 4 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