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 1 0.2 0
76k-100k 1 5 0.8 1.2
101k-125k 2 11 3 0.9 1.1
126k-150k 4 19 3 0.8 1.3
151k-175k 10 27 3 0.5 2.2
176k-200k 35 52 7 0.2 4
201k-225k 40 67 6 0.3 3.6
226k-250k 69 90 13 0.2 4.6
251k-275k 75 77 10 0.2 5.8
276k-300k 136 117 16 0.1 7
301k-325k 150 171 24 0.2 5.3
326k-350k 225 147 23 0.1 9.2
351k-375k 110 83 10 0.1 8
376k-400k 166 92 9 0.1 10.8
401k-425k 77 48 11 0.1 9.6
426k-450k 69 28 5 0.1 14.8
451k-475k 58 29 5 0.1 12
476k-500k 60 27 3 0.1 13.3
501k-550k 70 20 1 0 21
551k-600k 56 34 4 0.1 9.9
601k-650k 37 15 4 0.1 14.8
651k-700k 33 13 2 0.1 15.2
701k-750k 22 11 1 0.1 12
751k-800k 31 15 2 0.1 12.4
801k-850k 15 4 1 0 22.5
851k-900k 28 7 1 0 24
901k-950k 12 1 0 72
951k-1m 17 5 0 20.4
1m-1.1m 9 0
1.1m-1.2m 10 6 1 0.1 10
1.2m-1.3m 12 7 0.1 10.3
1.3m-1.4m 3 0
1.4m-1.5m 4 2 1 0.1 12
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 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 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
151k-175k 1 0

Condos 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
51k-75k 2 6 2 0.5 2
76k-100k 3 10 1 0.6 1.8
101k-125k 15 7 1 0.1 12.9
126k-150k 33 23 4 0.1 8.6
151k-175k 21 10 1 0.1 12.6
176k-200k 17 6 1 0.1 17
201k-225k 7 3 0.1 14
226k-250k 9 14 2 0.3 3.9
251k-275k 7 6 1 0.1 7
276k-300k 9 1 0 54
301k-325k 4 2 1 0.1 12
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 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 1304 624 66 0.1 12.5
26k-50k 1156 160 11 0 43.4
51k-75k 241 34 3 0 42.5
76k-100k 156 30 2 0 31.2
101k-125k 103 10 0 61.8
126k-150k 53 7 0 45.4
151k-175k 57 4 0 85.5
176k-200k 34 2 0 102
201k-225k 26 2 0 78
226k-250k 13 3 0 26
251k-275k 8 0
276k-300k 13 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 4 1 0 24
376k-400k 4 1 1 0 24
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