Absorption Report

Port Charlotte

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 Since 12/31 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 2 19 5 1.6 0.6
151k-175k 8 27 3 0.6 1.8
176k-200k 33 50 7 0.3 4
201k-225k 43 67 11 0.3 3.9
226k-250k 66 88 9 0.2 4.5
251k-275k 73 82 13 0.2 5.3
276k-300k 135 123 15 0.2 6.6
301k-325k 144 169 33 0.2 5.1
326k-350k 230 141 22 0.1 9.8
351k-375k 112 84 14 0.1 8
376k-400k 164 91 12 0.1 10.8
401k-425k 72 47 8 0.1 9.2
426k-450k 65 30 6 0.1 13
451k-475k 52 29 4 0.1 10.8
476k-500k 59 29 5 0.1 12.2
501k-550k 70 22 1 0.1 19.1
551k-600k 57 34 2 0.1 10.1
601k-650k 38 12 2 0.1 19
651k-700k 30 12 1 0.1 15
701k-750k 20 11 2 0.1 10.9
751k-800k 28 16 2 0.1 10.5
801k-850k 14 4 1 0 21
851k-900k 23 6 1 0 23
901k-950k 12 1 0 72
951k-1m 18 5 0 21.6
1m-1.1m 9 0
1.1m-1.2m 9 6 1 0.1 9
1.2m-1.3m 12 8 1 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 6 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 Since 12/31 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 Since 12/31 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 4 1 0.3 3
76k-100k 4 11 4 0.5 2.2
101k-125k 13 9 1 0.1 8.7
126k-150k 29 22 5 0.1 7.9
151k-175k 20 12 1 0.1 10
176k-200k 16 8 0.1 12
201k-225k 9 3 0.1 18
226k-250k 7 15 2 0.4 2.8
251k-275k 6 7 1 0.2 5.1
276k-300k 9 1 0 54
301k-325k 4 1 0 24
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 Since 12/31 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 1286 666 87 0.1 11.6
26k-50k 1150 169 14 0 40.8
51k-75k 236 36 1 0 39.3
76k-100k 154 32 3 0 28.9
101k-125k 102 11 0 55.6
126k-150k 53 7 0 45.4
151k-175k 53 6 0 53
176k-200k 36 3 0 72
201k-225k 25 2 0 75
226k-250k 12 4 0.1 18
251k-275k 9 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 4 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