Absorption Report

Punta Gorda, FL, House

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 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
51k-75k 1 0.2 0
76k-100k 2 1 0.3 0
101k-125k 1 3 1 0.5 2
126k-150k 3 8 4 0.4 2.3
151k-175k 9 9 4 0.2 6
176k-200k 9 8 3 0.1 6.8
201k-225k 12 13 4 0.2 5.5
226k-250k 18 16 2 0.1 6.8
251k-275k 20 26 3 0.2 4.6
276k-300k 71 65 11 0.2 6.6
301k-325k 49 62 17 0.2 4.7
326k-350k 87 78 17 0.1 6.7
351k-375k 97 71 13 0.1 8.2
376k-400k 95 67 11 0.1 8.5
401k-425k 59 46 7 0.1 7.7
426k-450k 60 40 5 0.1 9
451k-475k 41 35 5 0.1 7
476k-500k 37 30 5 0.1 7.4
501k-550k 61 55 8 0.2 6.7
551k-600k 61 38 5 0.1 9.6
601k-650k 43 40 8 0.2 6.5
651k-700k 50 23 2 0.1 13
701k-750k 34 21 0.1 9.7
751k-800k 27 21 1 0.1 7.7
801k-850k 23 13 2 0.1 10.6
851k-900k 21 10 0.1 12.6
901k-950k 24 10 2 0.1 14.4
951k-1m 15 8 2 0.1 11.3
1m-1.1m 16 8 4 0.1 12
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 1 0 54
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 4 0
2.25m-2.5m 6 0
2.5m-2.75m 3 0
4.5m-5m 1 0