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 5 0.8 1.2
101k-125k 3 10 3 0.6 1.8
126k-150k 4 19 4 0.8 1.3
151k-175k 9 28 4 0.5 1.9
176k-200k 33 51 9 0.3 3.9
201k-225k 46 67 10 0.2 4.1
226k-250k 60 91 14 0.3 4
251k-275k 76 80 11 0.2 5.7
276k-300k 137 121 17 0.1 6.8
301k-325k 147 171 27 0.2 5.2
326k-350k 233 147 24 0.1 9.5
351k-375k 109 84 13 0.1 7.8
376k-400k 162 91 11 0.1 10.7
401k-425k 72 45 9 0.1 9.6
426k-450k 65 30 5 0.1 13
451k-475k 54 30 6 0.1 10.8
476k-500k 63 27 3 0.1 14
501k-550k 71 21 1 0 20.3
551k-600k 54 34 4 0.1 9.5
601k-650k 39 14 3 0.1 16.7
651k-700k 31 13 2 0.1 14.3
701k-750k 21 11 2 0.1 11.5
751k-800k 29 16 2 0.1 10.9
801k-850k 15 4 1 0 22.5
851k-900k 25 7 1 0 21.4
901k-950k 12 1 0 72
951k-1m 18 5 0 21.6
1m-1.1m 10 0
1.1m-1.2m 9 6 1 0.1 9
1.2m-1.3m 12 8 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 4 1 0 24
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
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 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 5 2 0.4 2.4
76k-100k 4 11 3 0.5 2.2
101k-125k 13 7 1 0.1 11.1
126k-150k 30 22 4 0.1 8.2
151k-175k 19 12 1 0.1 9.5
176k-200k 16 9 1 0.1 10.7
201k-225k 9 3 0.1 18
226k-250k 8 15 2 0.3 3.2
251k-275k 7 7 2 0.2 6
276k-300k 9 1 0 54
301k-325k 4 1 0 24
326k-350k 3 0
351k-375k 2 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 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 1289 655 86 0.1 11.8
26k-50k 1154 167 13 0 41.5
51k-75k 236 36 2 0 39.3
76k-100k 155 30 3 0 31
101k-125k 102 11 0 55.6
126k-150k 53 7 0 45.4
151k-175k 54 6 0 54
176k-200k 36 3 0 72
201k-225k 25 2 0 75
226k-250k 11 4 0.1 16.5
251k-275k 8 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 5 0
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