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 3 0.8 1.3
151k-175k 9 27 3 0.5 2
176k-200k 31 50 7 0.3 3.7
201k-225k 46 67 7 0.2 4.1
226k-250k 64 88 11 0.2 4.4
251k-275k 79 77 10 0.2 6.2
276k-300k 138 120 17 0.1 6.9
301k-325k 148 169 26 0.2 5.3
326k-350k 233 143 21 0.1 9.8
351k-375k 112 83 12 0.1 8.1
376k-400k 161 90 9 0.1 10.7
401k-425k 73 46 10 0.1 9.5
426k-450k 66 28 4 0.1 14.1
451k-475k 55 30 5 0.1 11
476k-500k 64 26 2 0.1 14.8
501k-550k 71 20 1 0 21.3
551k-600k 53 35 5 0.1 9.1
601k-650k 38 14 3 0.1 16.3
651k-700k 31 13 2 0.1 14.3
701k-750k 22 11 1 0.1 12
751k-800k 29 15 2 0.1 11.6
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 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 5 1 0.4 2.4
76k-100k 4 11 1 0.5 2.2
101k-125k 14 7 1 0.1 12
126k-150k 32 23 4 0.1 8.3
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 9 14 2 0.3 3.9
251k-275k 7 6 1 0.1 7
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 1303 645 80 0.1 12.1
26k-50k 1151 162 13 0 42.6
51k-75k 240 33 2 0 43.6
76k-100k 157 30 2 0 31.4
101k-125k 101 10 0 60.6
126k-150k 53 7 0 45.4
151k-175k 54 5 0 64.8
176k-200k 37 2 0 111
201k-225k 26 2 0 78
226k-250k 13 4 0.1 19.5
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