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 1 4 0.7 1.5
101k-125k 2 4 2 0.3 3
126k-150k 8 8 1 0.2 6
151k-175k 5 9 1 0.3 3.3
176k-200k 11 9 3 0.1 7.3
201k-225k 9 16 2 0.3 3.4
226k-250k 22 17 4 0.1 7.8
251k-275k 23 25 6 0.2 5.5
276k-300k 61 66 9 0.2 5.5
301k-325k 57 68 13 0.2 5
326k-350k 95 76 11 0.1 7.5
351k-375k 83 66 10 0.1 7.5
376k-400k 103 63 12 0.1 9.8
401k-425k 56 48 7 0.1 7
426k-450k 79 32 5 0.1 14.8
451k-475k 38 30 3 0.1 7.6
476k-500k 58 28 1 0.1 12.4
501k-550k 63 53 13 0.1 7.1
551k-600k 74 32 7 0.1 13.9
601k-650k 54 31 5 0.1 10.5
651k-700k 54 26 6 0.1 12.5
701k-750k 34 13 0.1 15.7
751k-800k 38 13 2 0.1 17.5
801k-850k 19 12 2 0.1 9.5
851k-900k 32 6 1 0 32
901k-950k 20 10 2 0.1 12
951k-1m 19 8 3 0.1 14.3
1m-1.1m 20 7 1 0.1 17.1
1.1m-1.2m 20 5 1 0 24
1.2m-1.3m 14 6 1 0.1 14
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 6 5 2 0.1 7.2
1.5m-1.6m 7 3 2 0.1 14
1.6m-1.7m 12 3 1 0 24
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 2 1 0.1 12
1.9m-2m 8 2 0 24
2m-2.25m 4 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 7% 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 4 0
226k-250k 2 1 0.1 12
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 5 2 0.1 15
351k-375k 2 3 0.3 4
376k-400k 2 2 0.2 6
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 2 0
501k-550k 2 0
601k-650k 1 0
651k-700k 1 0

Condos 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
76k-100k 3 0.5 0
101k-125k 5 6 3 0.2 5
126k-150k 20 7 1 0.1 17.1
151k-175k 41 16 3 0.1 15.4
176k-200k 40 10 0 24
201k-225k 23 10 2 0.1 13.8
226k-250k 28 10 1 0.1 16.8
251k-275k 45 20 3 0.1 13.5
276k-300k 59 15 0 23.6
301k-325k 26 13 0.1 12
326k-350k 43 8 4 0 32.3
351k-375k 22 11 5 0.1 12
376k-400k 38 6 0 38
401k-425k 17 9 2 0.1 11.3
426k-450k 24 3 1 0 48
451k-475k 11 3 0 22
476k-500k 14 1 0 84
501k-550k 26 4 1 0 39
551k-600k 14 2 0 42
601k-650k 9 1 0 54
651k-700k 14 0
701k-750k 9 1 0 54
751k-800k 7 1 0 42
801k-850k 3 0
851k-900k 3 0
951k-1m 1 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 441 142 22 0.1 18.6
26k-50k 357 78 11 0 27.5
51k-75k 140 30 1 0 28
76k-100k 86 21 2 0 24.6
101k-125k 46 8 0 34.5
126k-150k 32 7 1 0 27.4
151k-175k 19 11 1 0.1 10.4
176k-200k 29 2 1 0 87
201k-225k 12 6 1 0.1 12
226k-250k 15 1 0 90
251k-275k 13 4 2 0.1 19.5
276k-300k 17 7 1 0.1 14.6
301k-325k 8 2 1 0 24
326k-350k 17 3 0 34
351k-375k 8 1 1 0 48
376k-400k 15 1 0 90
401k-425k 5 1 0 30
426k-450k 7 4 2 0.1 10.5
451k-475k 6 1 0 36
476k-500k 9 0
501k-550k 6 0
551k-600k 6 1 1 0 36
601k-650k 5 0
651k-700k 3 0
701k-750k 4 0
751k-800k 11 0
851k-900k 3 1 1 0.1 18
951k-1m 7 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 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
15.01m-16m 1 0