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 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 2 1 0.3 0
101k-125k 3 1 0.5 0
126k-150k 5 7 3 0.2 4.3
151k-175k 8 8 4 0.2 6
176k-200k 9 6 2 0.1 9
201k-225k 14 13 4 0.2 6.5
226k-250k 17 17 3 0.2 6
251k-275k 23 27 3 0.2 5.1
276k-300k 70 62 13 0.1 6.8
301k-325k 44 63 19 0.2 4.2
326k-350k 91 75 12 0.1 7.3
351k-375k 88 72 11 0.1 7.3
376k-400k 106 61 8 0.1 10.4
401k-425k 57 45 7 0.1 7.6
426k-450k 62 39 5 0.1 9.5
451k-475k 37 36 5 0.2 6.2
476k-500k 38 31 4 0.1 7.4
501k-550k 61 56 13 0.2 6.5
551k-600k 61 35 4 0.1 10.5
601k-650k 47 38 7 0.1 7.4
651k-700k 49 23 3 0.1 12.8
701k-750k 33 19 0.1 10.4
751k-800k 30 17 1 0.1 10.6
801k-850k 21 12 1 0.1 10.5
851k-900k 25 7 0 21.4
901k-950k 22 8 1 0.1 16.5
951k-1m 20 8 1 0.1 15
1m-1.1m 18 6 1 0.1 18
1.1m-1.2m 20 8 1 0.1 15
1.2m-1.3m 12 5 0.1 14.4
1.3m-1.4m 3 8 1 0.4 2.3
1.4m-1.5m 8 4 0.1 12
1.5m-1.6m 5 2 1 0.1 15
1.6m-1.7m 9 2 1 0 27
1.7m-1.8m 1 4 2 0.7 1.5
1.8m-1.9m 4 0
1.9m-2m 7 3 0.1 14
2m-2.25m 5 0
2.25m-2.5m 6 0
2.5m-2.75m 1 0
4.5m-5m 1 0

Townhouses 18% 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
226k-250k 4 1 0 24
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 6 4 0.1 9
351k-375k 2 3 1 0.3 4
376k-400k 1 2 0.3 3
401k-425k 1 0
426k-450k 1 1 0.2 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12

Condos 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
76k-100k 1 2 0.3 3
101k-125k 5 2 1 0.1 15
126k-150k 17 8 3 0.1 12.8
151k-175k 31 16 2 0.1 11.6
176k-200k 33 15 2 0.1 13.2
201k-225k 18 12 3 0.1 9
226k-250k 26 16 2 0.1 9.8
251k-275k 33 18 1 0.1 11
276k-300k 47 17 1 0.1 16.6
301k-325k 26 10 2 0.1 15.6
326k-350k 33 7 3 0 28.3
351k-375k 28 8 4 0 21
376k-400k 30 6 0 30
401k-425k 17 12 2 0.1 8.5
426k-450k 26 3 2 0 52
451k-475k 11 3 2 0 22
476k-500k 13 1 0 78
501k-550k 24 4 1 0 36
551k-600k 16 2 0 48
601k-650k 7 1 0 42
651k-700k 10 0
701k-750k 10 1 1 0 60
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 2 0
1.1m-1.2m 3 0

Land 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
1k-25k 395 153 22 0.1 15.5
26k-50k 357 94 17 0 22.8
51k-75k 127 41 5 0.1 18.6
76k-100k 81 20 2 0 24.3
101k-125k 43 10 1 0 25.8
126k-150k 34 7 0 29.1
151k-175k 17 11 1 0.1 9.3
176k-200k 26 2 1 0 78
201k-225k 13 6 2 0.1 13
226k-250k 15 3 1 0 30
251k-275k 13 4 0.1 19.5
276k-300k 22 6 2 0 22
301k-325k 10 1 0 60
326k-350k 14 2 0 42
351k-375k 7 2 0 21
376k-400k 14 1 1 0 84
401k-425k 8 0
426k-450k 9 2 0 27
451k-475k 6 0
476k-500k 8 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 1 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 1 0.1 12
951k-1m 7 0
1m-1.1m 4 1 0 24
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 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