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 5 19 3 0.6 1.6
151k-175k 10 27 3 0.5 2.2
176k-200k 32 51 8 0.3 3.8
201k-225k 45 66 7 0.2 4.1
226k-250k 68 92 14 0.2 4.4
251k-275k 77 79 12 0.2 5.8
276k-300k 140 121 18 0.1 6.9
301k-325k 150 171 29 0.2 5.3
326k-350k 228 145 23 0.1 9.4
351k-375k 111 83 12 0.1 8
376k-400k 164 92 11 0.1 10.7
401k-425k 77 49 13 0.1 9.4
426k-450k 67 29 5 0.1 13.9
451k-475k 57 30 5 0.1 11.4
476k-500k 62 26 2 0.1 14.3
501k-550k 70 20 1 0 21
551k-600k 54 35 5 0.1 9.3
601k-650k 39 15 4 0.1 15.6
651k-700k 31 13 2 0.1 14.3
701k-750k 21 11 1 0.1 11.5
751k-800k 29 15 2 0.1 11.6
801k-850k 16 4 1 0 24
851k-900k 25 7 1 0 21.4
901k-950k 12 1 0 72
951k-1m 18 5 0 21.6
1m-1.1m 9 0
1.1m-1.2m 10 6 1 0.1 10
1.2m-1.3m 11 7 0.1 9.4
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 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 6 2 0.5 2
76k-100k 4 11 1 0.5 2.2
101k-125k 15 7 1 0.1 12.9
126k-150k 32 23 5 0.1 8.3
151k-175k 20 11 1 0.1 10.9
176k-200k 17 9 1 0.1 11.3
201k-225k 7 3 0.1 14
226k-250k 9 14 2 0.3 3.9
251k-275k 7 6 1 0.1 7
276k-300k 10 1 0 60
301k-325k 4 2 1 0.1 12
326k-350k 4 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 1303 641 79 0.1 12.2
26k-50k 1159 163 13 0 42.7
51k-75k 242 34 3 0 42.7
76k-100k 158 30 2 0 31.6
101k-125k 103 10 0 61.8
126k-150k 53 7 0 45.4
151k-175k 55 5 0 66
176k-200k 37 2 0 111
201k-225k 26 2 0 78
226k-250k 13 4 0.1 19.5
251k-275k 9 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 4 1 1 0 24
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