Absorption Report

Port Charlotte, 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
101k-125k 2 0.3 0
126k-150k 2 0
151k-175k 1 4 0.7 1.5
176k-200k 5 7 0.2 4.3
201k-225k 4 8 2 0.3 3
226k-250k 7 7 1 0.2 6
251k-275k 7 12 2 0.3 3.5
276k-300k 22 14 1 0.1 9.4
301k-325k 20 21 2 0.2 5.7
326k-350k 33 16 1 0.1 12.4
351k-375k 14 17 2 0.2 4.9
376k-400k 22 4 0 33
401k-425k 12 7 2 0.1 10.3
426k-450k 4 6 0.3 4
451k-475k 6 3 1 0.1 12
476k-500k 6 2 0.1 18
501k-550k 6 1 0 36
551k-600k 10 2 0 30
601k-650k 5 2 1 0.1 15
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 1 0
851k-900k 1 1 0.2 6
901k-950k 2 0
951k-1m 1 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.5m-1.6m 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 1 0.2 0
76k-100k 1 0
126k-150k 4 1 0 24
176k-200k 1 0

Land 3% 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
1k-25k 269 109 15 0.1 14.8
26k-50k 182 22 3 0 49.6
51k-75k 36 2 0 108
76k-100k 43 2 0 129
101k-125k 17 0
126k-150k 10 1 1 0 60
151k-175k 8 0
176k-200k 6 0
201k-225k 2 0
351k-375k 1 0.2 0
376k-400k 1 0
551k-600k 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0