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 4% 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 4 2 0.7 0
101k-125k 1 4 1 0.7 1.5
126k-150k 7 8 1 0.2 5.3
151k-175k 6 8 0.2 4.5
176k-200k 9 7 2 0.1 7.7
201k-225k 13 15 3 0.2 5.2
226k-250k 23 19 4 0.1 7.3
251k-275k 20 21 5 0.2 5.7
276k-300k 66 63 10 0.2 6.3
301k-325k 54 64 9 0.2 5.1
326k-350k 95 76 14 0.1 7.5
351k-375k 83 69 10 0.1 7.2
376k-400k 103 64 13 0.1 9.7
401k-425k 60 47 8 0.1 7.7
426k-450k 76 31 3 0.1 14.7
451k-475k 43 36 8 0.1 7.2
476k-500k 40 30 3 0.1 8
501k-550k 65 49 11 0.1 8
551k-600k 66 32 5 0.1 12.4
601k-650k 50 32 3 0.1 9.4
651k-700k 55 25 4 0.1 13.2
701k-750k 26 14 0.1 11.1
751k-800k 36 17 3 0.1 12.7
801k-850k 20 13 3 0.1 9.2
851k-900k 28 6 1 0 28
901k-950k 22 9 3 0.1 14.7
951k-1m 19 6 0.1 19
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 17 5 0 20.4
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 8 6 2 0.1 8
1.5m-1.6m 6 3 2 0.1 12
1.6m-1.7m 11 3 2 0 22
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 7 3 0.1 14
2m-2.25m 5 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 11% 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
201k-225k 1 0
226k-250k 3 1 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 6 3 0.1 12
351k-375k 2 3 1 0.3 4
376k-400k 3 2 0.1 9
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 1 0.1 12

Condos 2% 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
76k-100k 3 1 0.5 0
101k-125k 3 4 3 0.2 4.5
126k-150k 20 7 1 0.1 17.1
151k-175k 34 15 2 0.1 13.6
176k-200k 39 12 0.1 19.5
201k-225k 22 10 2 0.1 13.2
226k-250k 26 12 0.1 13
251k-275k 36 17 4 0.1 12.7
276k-300k 54 18 5 0.1 18
301k-325k 24 13 2 0.1 11.1
326k-350k 39 6 2 0 39
351k-375k 21 10 2 0.1 12.6
376k-400k 30 8 1 0 22.5
401k-425k 16 11 3 0.1 8.7
426k-450k 29 2 0 87
451k-475k 12 3 0 24
476k-500k 12 1 0 72
501k-550k 23 5 2 0 27.6
551k-600k 16 2 0 48
601k-650k 7 1 0 42
651k-700k 13 0
701k-750k 8 1 0 48
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 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 418 141 23 0.1 17.8
26k-50k 365 84 12 0 26.1
51k-75k 141 33 3 0 25.6
76k-100k 90 21 4 0 25.7
101k-125k 42 9 1 0 28
126k-150k 34 7 1 0 29.1
151k-175k 20 11 1 0.1 10.9
176k-200k 27 3 2 0 54
201k-225k 15 6 0.1 15
226k-250k 18 1 0 108
251k-275k 11 6 2 0.1 11
276k-300k 20 6 0.1 20
301k-325k 10 2 1 0 30
326k-350k 16 3 1 0 32
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 7 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 6 0
551k-600k 9 0
601k-650k 5 0
651k-700k 2 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 2 1 0.2 6
951k-1m 7 0
1m-1.1m 3 1 0.1 18
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
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0