Absorption Report

Punta Gorda

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
251k-275k 1 0.2 0
326k-350k 1 2 1 0.3 3
351k-375k 15 3 2.5 0
376k-400k 13 21 2 0.3 3.7
401k-425k 15 17 2 0.2 5.3
426k-450k 6 16 2 0.4 2.3
451k-475k 13 31 0.4 2.5
476k-500k 25 39 5 0.3 3.8
501k-550k 43 64 8 0.2 4
551k-600k 36 45 5 0.2 4.8
601k-650k 25 26 6 0.2 5.8
651k-700k 28 29 5 0.2 5.8
701k-750k 27 28 5 0.2 5.8
751k-800k 17 22 1 0.2 4.6
801k-850k 11 16 1 0.2 4.1
851k-900k 10 19 4 0.3 3.2
901k-950k 9 10 2 0.2 5.4
951k-1m 11 9 1 0.1 7.3
1m-1.1m 10 11 2 0.2 5.5
1.1m-1.2m 10 14 3 0.2 4.3
1.2m-1.3m 6 14 5 0.4 2.6
1.3m-1.4m 8 5 1 0.1 9.6
1.4m-1.5m 5 4 1 0.1 7.5
1.5m-1.6m 4 3 2 0.1 8
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 6 1 0 36
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 1 1 0.2 6
3m-3.5m 2 2 1 0.2 6
3.5m-4m 1 0.2 0
4m-4.5m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 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
276k-300k 1 0.2 0
301k-325k 6 1 0
326k-350k 22 32 3 0.2 4.1
351k-375k 8 18 2 0.4 2.7
376k-400k 11 3 0 22
401k-425k 5 2 0.1 15
426k-450k 1 0.2 0
476k-500k 1 0
701k-750k 1 1 0.2 6

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
201k-225k 1 0.2 0
251k-275k 1 0
276k-300k 4 0.7 0
301k-325k 1 8 1.3 0.8
326k-350k 4 1 0 24
351k-375k 2 2 2 0.2 6
376k-400k 1 0
401k-425k 4 1 0 24
426k-450k 4 1 0 24
451k-475k 2 4 1 0.3 3
476k-500k 11 4 0.1 16.5
501k-550k 3 1 0.1 18
551k-600k 5 0
601k-650k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 0
1m-1.1m 1 0

Land 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
301k-325k 1 0
376k-400k 1 0
651k-700k 1 0
851k-900k 1 0
2.25m-2.5m 2 0