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 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
51k-75k 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 2 4 2 0.3 3
126k-150k 9 8 1 0.1 6.8
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 23 17 5 0.1 8.1
251k-275k 23 25 6 0.2 5.5
276k-300k 61 67 9 0.2 5.5
301k-325k 58 68 12 0.2 5.1
326k-350k 97 76 12 0.1 7.7
351k-375k 83 68 11 0.1 7.3
376k-400k 103 64 13 0.1 9.7
401k-425k 57 47 6 0.1 7.3
426k-450k 78 32 5 0.1 14.6
451k-475k 38 31 3 0.1 7.4
476k-500k 57 29 2 0.1 11.8
501k-550k 66 54 14 0.1 7.3
551k-600k 73 32 6 0.1 13.7
601k-650k 52 31 5 0.1 10.1
651k-700k 56 26 6 0.1 12.9
701k-750k 35 13 0.1 16.2
751k-800k 38 13 4 0.1 17.5
801k-850k 19 12 2 0.1 9.5
851k-900k 30 6 1 0 30
901k-950k 22 10 2 0.1 13.2
951k-1m 19 7 2 0.1 16.3
1m-1.1m 20 7 1 0.1 17.1
1.1m-1.2m 19 5 1 0 22.8
1.2m-1.3m 13 6 1 0.1 13
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 3 0.1 12
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 1 0.5 0
101k-125k 4 6 3 0.3 4
126k-150k 20 7 1 0.1 17.1
151k-175k 40 16 3 0.1 15
176k-200k 39 10 0 23.4
201k-225k 24 10 2 0.1 14.4
226k-250k 28 10 1 0.1 16.8
251k-275k 43 20 3 0.1 12.9
276k-300k 58 15 0 23.2
301k-325k 26 13 0.1 12
326k-350k 44 8 4 0 33
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 2 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 441 144 24 0.1 18.4
26k-50k 355 79 11 0 27
51k-75k 141 30 1 0 28.2
76k-100k 86 21 2 0 24.6
101k-125k 47 9 0 31.3
126k-150k 32 7 1 0 27.4
151k-175k 19 11 1 0.1 10.4
176k-200k 28 2 1 0 84
201k-225k 12 6 1 0.1 12
226k-250k 15 1 0 90
251k-275k 12 4 2 0.1 18
276k-300k 18 7 1 0.1 15.4
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 8 4 2 0.1 12
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