Absorption Report

Punta Gorda, 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 5% 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 2 1 0.3 0
101k-125k 1 3 1 0.5 2
126k-150k 3 7 3 0.4 2.6
151k-175k 9 9 4 0.2 6
176k-200k 8 8 3 0.2 6
201k-225k 13 13 4 0.2 6
226k-250k 17 15 1 0.1 6.8
251k-275k 16 27 4 0.3 3.6
276k-300k 71 62 12 0.1 6.9
301k-325k 44 64 17 0.2 4.1
326k-350k 90 77 17 0.1 7
351k-375k 87 72 12 0.1 7.3
376k-400k 91 69 15 0.1 7.9
401k-425k 57 45 7 0.1 7.6
426k-450k 56 41 5 0.1 8.2
451k-475k 38 35 6 0.2 6.5
476k-500k 44 31 5 0.1 8.5
501k-550k 58 56 8 0.2 6.2
551k-600k 60 37 6 0.1 9.7
601k-650k 43 41 8 0.2 6.3
651k-700k 44 25 2 0.1 10.6
701k-750k 35 23 0.1 9.1
751k-800k 27 22 1 0.1 7.4
801k-850k 23 13 4 0.1 10.6
851k-900k 20 10 0.1 12
901k-950k 24 10 2 0.1 14.4
951k-1m 15 8 2 0.1 11.3
1m-1.1m 17 9 4 0.1 11.3
1.1m-1.2m 18 8 2 0.1 13.5
1.2m-1.3m 9 5 1 0.1 10.8
1.3m-1.4m 3 7 1 0.4 2.6
1.4m-1.5m 6 4 1 0.1 9
1.5m-1.6m 4 1 0 24
1.6m-1.7m 9 2 0 27
1.7m-1.8m 1 3 1 0.5 2
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 3 0
4.5m-5m 1 0

Townhouses 13% 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
126k-150k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
276k-300k 1 0
301k-325k 3 1 0.1 18
326k-350k 6 4 0.1 9
351k-375k 3 3 2 0.2 6
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12
601k-650k 1 0

Condos 3% 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
76k-100k 1 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 16 7 2 0.1 13.7
151k-175k 32 15 1 0.1 12.8
176k-200k 31 17 2 0.1 10.9
201k-225k 20 14 3 0.1 8.6
226k-250k 21 18 2 0.1 7
251k-275k 28 21 1 0.1 8
276k-300k 50 17 1 0.1 17.6
301k-325k 24 10 4 0.1 14.4
326k-350k 34 8 4 0 25.5
351k-375k 27 9 4 0.1 18
376k-400k 30 6 0 30
401k-425k 16 12 4 0.1 8
426k-450k 16 2 1 0 48
451k-475k 12 5 2 0.1 14.4
476k-500k 16 5 0.1 19.2
501k-550k 22 4 1 0 33
551k-600k 12 2 0 36
601k-650k 7 1 0 42
651k-700k 5 0
701k-750k 11 2 1 0 33
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 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
1k-25k 410 159 20 0.1 15.5
26k-50k 350 101 14 0 20.8
51k-75k 133 43 1 0.1 18.6
76k-100k 80 21 3 0 22.9
101k-125k 47 11 3 0 25.6
126k-150k 33 8 0 24.8
151k-175k 19 12 1 0.1 9.5
176k-200k 27 2 0 81
201k-225k 16 4 0 24
226k-250k 13 2 0 39
251k-275k 14 5 0.1 16.8
276k-300k 23 5 2 0 27.6
301k-325k 10 1 0 60
326k-350k 17 2 0 51
351k-375k 8 3 0.1 16
376k-400k 12 1 0 72
401k-425k 8 1 0 48
426k-450k 8 2 1 0 24
451k-475k 5 0
476k-500k 8 0
501k-550k 5 0
551k-600k 6 1 0 36
601k-650k 6 0
651k-700k 1 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 5 1 0 30
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0