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 12% 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
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 2 0.1 9
301k-325k 4 0.7 0
326k-350k 1 5 2 0.8 1.2
351k-375k 5 0.8 0
376k-400k 4 6 0.3 4
401k-425k 3 5 0.3 3.6
426k-450k 16 11 3 0.1 8.7
451k-475k 1 8 1.3 0.8
476k-500k 17 11 2 0.1 9.3
501k-550k 39 30 5 0.1 7.8
551k-600k 36 26 8 0.1 8.3
601k-650k 25 22 4 0.1 6.8
651k-700k 29 25 1 0.1 7
701k-750k 18 17 3 0.2 6.4
751k-800k 21 12 1 0.1 10.5
801k-850k 29 10 3 0.1 17.4
851k-900k 35 14 0.1 15
901k-950k 11 12 2 0.2 5.5
951k-1m 17 11 1 0.1 9.3
1m-1.1m 18 13 3 0.1 8.3
1.1m-1.2m 21 12 2 0.1 10.5
1.2m-1.3m 10 6 2 0.1 10
1.3m-1.4m 7 6 2 0.1 7
1.4m-1.5m 9 3 0.1 18
1.5m-1.6m 4 1 1 0 24
1.6m-1.7m 11 2 1 0 33
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 2 3 1 0.3 4
1.9m-2m 6 2 1 0.1 18
2m-2.25m 10 6 3 0.1 10
2.25m-2.5m 4 3 2 0.1 8
2.5m-2.75m 4 2 1 0.1 12
2.75m-3m 7 4 2 0.1 10.5
3m-3.5m 8 0
3.5m-4m 9 1 0 54
4m-4.5m 4 0
4.5m-5m 4 1 1 0 24
5.01m-6m 6 1 0 36
6.01m-7m 3 2 0.1 9
7.01m-8m 3 1 1 0.1 18
9.01m-10m 1 0
10.01m-11m 1 0
12.01m-13m 1 0.2 0
21.01m-22m 1 0

Townhouses 19% 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
251k-275k 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 1 4 0.7 1.5
401k-425k 3 2 0.1 9
426k-450k 2 2 0.2 6
451k-475k 8 4 1 0.1 12
476k-500k 4 1 1 0 24
501k-550k 7 2 1 0 21
551k-600k 1 1 0.2 0
601k-650k 1 1 0.2 6
651k-700k 1 0
1.9m-2m 1 0

Condos 8% 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
176k-200k 8 6 3 0.1 8
201k-225k 3 2 0.1 9
226k-250k 8 4 1 0.1 12
251k-275k 12 5 0.1 14.4
276k-300k 21 12 3 0.1 10.5
301k-325k 32 8 1 0 24
326k-350k 26 13 2 0.1 12
351k-375k 22 10 0.1 13.2
376k-400k 39 26 4 0.1 9
401k-425k 17 8 0.1 12.8
426k-450k 23 10 3 0.1 13.8
451k-475k 23 6 1 0 23
476k-500k 13 11 0.1 7.1
501k-550k 19 15 4 0.1 7.6
551k-600k 21 8 0.1 15.8
601k-650k 26 9 4 0.1 17.3
651k-700k 32 6 2 0 32
701k-750k 14 5 1 0.1 16.8
751k-800k 10 4 0.1 15
801k-850k 11 1 0 66
851k-900k 8 0
901k-950k 3 1 0.1 18
951k-1m 5 3 2 0.1 10
1m-1.1m 5 4 1 0.1 7.5
1.1m-1.2m 8 1 0 48
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 3 0
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 7 1 0 42
1.8m-1.9m 4 0
1.9m-2m 7 2 1 0 21
2m-2.25m 2 5 1 0.4 2.4
2.25m-2.5m 7 0
2.5m-2.75m 5 1 1 0 30
2.75m-3m 6 2 0.1 18
3m-3.5m 6 1 0 36
3.5m-4m 5 1 0 30
4m-4.5m 8 0
4.5m-5m 5 1 0 30
5.01m-6m 2 0
6.01m-7m 1 0
9.01m-10m 1 0
15.01m-16m 1 1 0.2 6

Land 5% 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 2 0.3 0
51k-75k 2 1 0.1 12
76k-100k 3 1 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 5 2 1 0.1 15
151k-175k 6 2 0.1 18
176k-200k 4 4 0.2 6
201k-225k 4 2 0.1 12
226k-250k 10 2 0 30
251k-275k 4 0
276k-300k 5 2 0.1 15
301k-325k 2 0
326k-350k 5 1 0 30
351k-375k 2 0
376k-400k 3 1 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 5 0
501k-550k 3 1 0.1 18
551k-600k 1 0
601k-650k 2 0
651k-700k 2 1 0.1 12
701k-750k 1 0
751k-800k 4 0
851k-900k 2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
4m-4.5m 2 1 0.1 12
5.01m-6m 4 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0