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 1 0.2 0
76k-100k 2 6 2 0.5 2
101k-125k 2 11 2 0.9 1.1
126k-150k 4 19 3 0.8 1.3
151k-175k 9 28 4 0.5 1.9
176k-200k 30 50 7 0.3 3.6
201k-225k 40 63 8 0.3 3.8
226k-250k 69 88 16 0.2 4.7
251k-275k 78 69 7 0.1 6.8
276k-300k 129 104 14 0.1 7.4
301k-325k 154 164 23 0.2 5.6
326k-350k 224 139 22 0.1 9.7
351k-375k 116 84 17 0.1 8.3
376k-400k 172 78 8 0.1 13.2
401k-425k 87 40 6 0.1 13.1
426k-450k 72 28 3 0.1 15.4
451k-475k 63 30 3 0.1 12.6
476k-500k 62 24 4 0.1 15.5
501k-550k 64 18 2 0 21.3
551k-600k 60 32 6 0.1 11.3
601k-650k 34 15 6 0.1 13.6
651k-700k 36 13 1 0.1 16.6
701k-750k 23 8 1 0.1 17.3
751k-800k 32 11 0.1 17.5
801k-850k 18 4 0 27
851k-900k 29 7 1 0 24.9
901k-950k 14 2 1 0 42
951k-1m 18 5 0 21.6
1m-1.1m 9 1 1 0 54
1.1m-1.2m 8 6 0.1 8
1.2m-1.3m 12 6 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 5 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
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 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 5 10 1 0.3 3
101k-125k 15 8 3 0.1 11.3
126k-150k 38 23 3 0.1 9.9
151k-175k 18 10 0.1 10.8
176k-200k 19 5 1 0 22.8
201k-225k 5 3 0.1 10
226k-250k 10 14 4 0.2 4.3
251k-275k 9 5 1 0.1 10.8
276k-300k 8 0
301k-325k 5 1 1 0 30
326k-350k 3 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 1309 592 65 0.1 13.3
26k-50k 1179 154 18 0 45.9
51k-75k 234 30 5 0 46.8
76k-100k 160 30 2 0 32
101k-125k 86 11 1 0 46.9
126k-150k 47 6 0 47
151k-175k 56 3 0 112
176k-200k 33 2 0 99
201k-225k 21 2 0 63
226k-250k 13 3 0 26
251k-275k 7 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 5 1 0 30
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 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 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