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 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
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 32 50 7 0.3 3.8
201k-225k 44 67 11 0.3 3.9
226k-250k 65 89 10 0.2 4.4
251k-275k 73 81 12 0.2 5.4
276k-300k 133 122 14 0.2 6.5
301k-325k 145 168 32 0.2 5.2
326k-350k 229 141 22 0.1 9.7
351k-375k 112 83 13 0.1 8.1
376k-400k 165 91 11 0.1 10.9
401k-425k 71 47 8 0.1 9.1
426k-450k 66 30 6 0.1 13.2
451k-475k 53 29 4 0.1 11
476k-500k 59 28 4 0.1 12.6
501k-550k 69 22 1 0.1 18.8
551k-600k 56 34 2 0.1 9.9
601k-650k 39 12 2 0.1 19.5
651k-700k 30 12 1 0.1 15
701k-750k 20 11 2 0.1 10.9
751k-800k 27 16 2 0.1 10.1
801k-850k 14 4 1 0 21
851k-900k 23 6 1 0 23
901k-950k 12 1 0 72
951k-1m 19 5 0 22.8
1m-1.1m 8 0
1.1m-1.2m 10 6 1 0.1 10
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 2 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 31 22 5 0.1 8.5
151k-175k 19 12 1 0.1 9.5
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 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
-24,000-0 4 0
1k-25k 1280 665 87 0.1 11.5
26k-50k 1151 169 14 0 40.9
51k-75k 236 35 0 40.5
76k-100k 154 32 3 0 28.9
101k-125k 102 11 0 55.6
126k-150k 52 7 0 44.6
151k-175k 52 6 0 52
176k-200k 37 3 0 74
201k-225k 26 2 0 78
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