Absorption Report

Port Charlotte, Petoskey Circle

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 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 2 0.3 0
176k-200k 5 1 0.8 0
201k-225k 3 8 0.4 2.3
226k-250k 7 17 1 0.4 2.5
251k-275k 14 25 6 0.3 3.4
276k-300k 29 29 7 0.2 6
301k-325k 20 39 5 0.3 3.1
326k-350k 48 66 2 0.2 4.4
351k-375k 53 52 3 0.2 6.1
376k-400k 72 73 9 0.2 5.9
401k-425k 44 46 6 0.2 5.7
426k-450k 75 71 13 0.2 6.3
451k-475k 50 42 7 0.1 7.1
476k-500k 51 58 11 0.2 5.3
501k-550k 79 78 15 0.2 6.1
551k-600k 59 65 15 0.2 5.4
601k-650k 34 47 6 0.2 4.3
651k-700k 40 43 2 0.2 5.6
701k-750k 33 32 7 0.2 6.2
751k-800k 21 21 3 0.2 6
801k-850k 11 21 4 0.3 3.1
851k-900k 14 13 3 0.2 6.5
901k-950k 8 9 1 0.2 5.3
951k-1m 7 6 1 0.1 7
1m-1.1m 8 10 1 0.2 4.8
1.1m-1.2m 6 8 2 0.2 4.5
1.2m-1.3m 3 5 0.3 3.6
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 7 1 0 42
1.5m-1.6m 1 0
1.6m-1.7m 2 1 1 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 2 2 2 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 3 0.5 0
2.75m-3m 1 0
3m-3.5m 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
201k-225k 3 0.5 0
226k-250k 1 1 0.2 0
251k-275k 2 0
276k-300k 2 1 0.3 0
301k-325k 3 0.5 0
326k-350k 5 3 1 0.1 10
351k-375k 1 1 0.2 6
376k-400k 1 2 0.3 3
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
651k-700k 1 0.2 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 1 0.2 0
76k-100k 1 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 2 0.5 0
151k-175k 6 10 1 0.3 3.6
176k-200k 17 11 1 0.1 9.3
201k-225k 10 21 4 0.4 2.9
226k-250k 34 18 3 0.1 11.3
251k-275k 25 16 5 0.1 9.4
276k-300k 42 11 1 0 22.9
301k-325k 22 26 4 0.2 5.1
326k-350k 20 13 2 0.1 9.2
351k-375k 10 15 2 0.3 4
376k-400k 12 11 2 0.2 6.5
401k-425k 16 7 0.1 13.7
426k-450k 7 13 1 0.3 3.2
451k-475k 5 2 0.1 15
476k-500k 7 3 0.1 14
501k-550k 7 1 0 42
551k-600k 1 5 1 0.8 1.2
601k-650k 1 2 0.3 3
651k-700k 2 2 0.2 6
701k-750k 1 1 0.2 6
751k-800k 2 1 0.1 12
801k-850k 3 1 1 0.1 18
851k-900k 1 0.2 0
951k-1m 2 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 1 0.2 0
4m-4.5m 1 0

Land 2% 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 2 0.3 3
51k-75k 8 7 2 0.1 6.9
76k-100k 9 6 0.1 9
101k-125k 9 2 0 27
126k-150k 6 1 0 36
151k-175k 3 1 0.1 18
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0
501k-550k 1 1 0.2 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
901k-950k 3 0
951k-1m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0