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 2 10 3 0.8 1.2
126k-150k 4 19 4 0.8 1.3
151k-175k 9 27 4 0.5 2
176k-200k 33 51 8 0.3 3.9
201k-225k 48 67 7 0.2 4.3
226k-250k 62 91 13 0.2 4.1
251k-275k 77 79 11 0.2 5.8
276k-300k 140 121 17 0.1 6.9
301k-325k 147 171 27 0.2 5.2
326k-350k 234 146 23 0.1 9.6
351k-375k 111 83 13 0.1 8
376k-400k 161 91 10 0.1 10.6
401k-425k 73 46 10 0.1 9.5
426k-450k 66 30 5 0.1 13.2
451k-475k 54 30 5 0.1 10.8
476k-500k 63 27 3 0.1 14
501k-550k 71 21 1 0 20.3
551k-600k 53 34 4 0.1 9.4
601k-650k 39 14 3 0.1 16.7
651k-700k 31 13 2 0.1 14.3
701k-750k 23 11 2 0.1 12.5
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 10 6 1 0.1 10
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 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 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 1 0.4 2.4
76k-100k 4 11 3 0.5 2.2
101k-125k 14 7 1 0.1 12
126k-150k 31 22 4 0.1 8.5
151k-175k 19 11 1 0.1 10.4
176k-200k 16 9 1 0.1 10.7
201k-225k 9 3 0.1 18
226k-250k 8 14 2 0.3 3.4
251k-275k 7 7 1 0.2 6
276k-300k 10 1 0 60
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 1293 649 82 0.1 12
26k-50k 1153 165 13 0 41.9
51k-75k 239 35 2 0 41
76k-100k 156 30 3 0 31.2
101k-125k 101 11 0 55.1
126k-150k 53 7 0 45.4
151k-175k 54 6 0 54
176k-200k 36 3 0 72
201k-225k 26 2 0 78
226k-250k 12 4 0.1 18
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