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 2 1 0.3 0
76k-100k 3 6 1 0.3 3
101k-125k 3 10 1 0.6 1.8
126k-150k 8 18 2 0.4 2.7
151k-175k 10 27 2 0.5 2.2
176k-200k 39 49 4 0.2 4.8
201k-225k 44 70 14 0.3 3.8
226k-250k 62 77 10 0.2 4.8
251k-275k 73 70 13 0.2 6.3
276k-300k 139 101 23 0.1 8.3
301k-325k 137 159 20 0.2 5.2
326k-350k 227 137 20 0.1 9.9
351k-375k 123 81 11 0.1 9.1
376k-400k 180 73 12 0.1 14.8
401k-425k 75 39 6 0.1 11.5
426k-450k 81 27 2 0.1 18
451k-475k 62 27 1 0.1 13.8
476k-500k 56 24 6 0.1 14
501k-550k 63 17 6 0 22.2
551k-600k 67 29 9 0.1 13.9
601k-650k 35 17 4 0.1 12.4
651k-700k 34 10 1 0 20.4
701k-750k 23 7 2 0.1 19.7
751k-800k 37 10 0 22.2
801k-850k 19 2 0 57
851k-900k 27 6 1 0 27
901k-950k 11 3 2 0 22
951k-1m 16 5 0.1 19.2
1m-1.1m 10 2 1 0 30
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 13 6 0.1 13
1.3m-1.4m 4 0
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 4 0
2.25m-2.5m 3 0
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
126k-150k 1 0
151k-175k 1 0

Condos 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
51k-75k 2 6 0.5 2
76k-100k 4 10 1 0.4 2.4
101k-125k 13 7 1 0.1 11.1
126k-150k 41 20 2 0.1 12.3
151k-175k 19 10 4 0.1 11.4
176k-200k 19 4 0 28.5
201k-225k 4 3 0.1 8
226k-250k 10 12 0.2 5
251k-275k 10 4 0.1 15
276k-300k 11 0
301k-325k 3 2 1 0.1 9
326k-350k 5 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 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 1267 570 90 0.1 13.3
26k-50k 1151 140 24 0 49.3
51k-75k 235 27 1 0 52.2
76k-100k 151 29 1 0 31.2
101k-125k 85 11 3 0 46.4
126k-150k 48 6 2 0 48
151k-175k 59 1 0 354
176k-200k 36 2 0 108
201k-225k 22 3 2 0 44
226k-250k 12 1 0 72
251k-275k 7 1 1 0 42
276k-300k 12 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 0 36
426k-450k 4 0
476k-500k 2 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 2 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 2 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0