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 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
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 2 6 1 0.5 2
101k-125k 2 10 1 0.8 1.2
126k-150k 6 17 2 0.5 2.1
151k-175k 11 27 4 0.4 2.4
176k-200k 32 50 4 0.3 3.8
201k-225k 45 66 13 0.2 4.1
226k-250k 64 80 13 0.2 4.8
251k-275k 81 73 12 0.2 6.7
276k-300k 136 91 14 0.1 9
301k-325k 154 157 18 0.2 5.9
326k-350k 210 140 22 0.1 9
351k-375k 133 83 14 0.1 9.6
376k-400k 174 76 9 0.1 13.7
401k-425k 84 41 7 0.1 12.3
426k-450k 68 25 2 0.1 16.3
451k-475k 62 29 2 0.1 12.8
476k-500k 64 23 6 0.1 16.7
501k-550k 66 19 3 0 20.8
551k-600k 62 32 7 0.1 11.6
601k-650k 33 15 3 0.1 13.2
651k-700k 34 13 1 0.1 15.7
701k-750k 23 7 0.1 19.7
751k-800k 33 11 0.1 18
801k-850k 18 3 0 36
851k-900k 27 6 0 27
901k-950k 11 2 1 0 33
951k-1m 19 4 0 28.5
1m-1.1m 10 1 1 0 60
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 11 6 0.1 11
1.3m-1.4m 2 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 1 1 1 0.2 6
1.8m-1.9m 5 0
1.9m-2m 1 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 3 10 1 0.6 1.8
101k-125k 14 8 3 0.1 10.5
126k-150k 38 23 5 0.1 9.9
151k-175k 19 8 2 0.1 14.3
176k-200k 17 5 0 20.4
201k-225k 6 3 0.1 12
226k-250k 9 14 2 0.3 3.9
251k-275k 10 5 0.1 12
276k-300k 10 0
301k-325k 2 2 2 0.2 6
326k-350k 4 0
351k-375k 4 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0

Land 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
-24,000-0 4 0
1k-25k 1332 574 75 0.1 13.9
26k-50k 1191 146 25 0 48.9
51k-75k 233 27 2 0 51.8
76k-100k 159 31 1 0 30.8
101k-125k 87 12 3 0 43.5
126k-150k 50 6 1 0 50
151k-175k 58 2 0 174
176k-200k 34 2 0 102
201k-225k 23 2 1 0 69
226k-250k 12 3 0 24
251k-275k 7 0
276k-300k 12 0
301k-325k 5 1 0 30
326k-350k 4 0
351k-375k 4 1 0 24
376k-400k 6 1 1 0 36
401k-425k 1 0.2 0
426k-450k 5 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
801k-850k 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