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
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 7 3 0.4 2.6
151k-175k 10 9 4 0.2 6.7
176k-200k 8 7 3 0.1 6.9
201k-225k 14 13 4 0.2 6.5
226k-250k 17 16 2 0.2 6.4
251k-275k 20 26 3 0.2 4.6
276k-300k 73 65 12 0.1 6.7
301k-325k 43 66 21 0.3 3.9
326k-350k 89 78 15 0.1 6.8
351k-375k 95 71 13 0.1 8
376k-400k 97 67 10 0.1 8.7
401k-425k 60 46 7 0.1 7.8
426k-450k 61 40 5 0.1 9.2
451k-475k 37 35 6 0.2 6.3
476k-500k 42 30 4 0.1 8.4
501k-550k 60 56 9 0.2 6.4
551k-600k 61 39 6 0.1 9.4
601k-650k 44 41 9 0.2 6.4
651k-700k 50 23 2 0.1 13
701k-750k 34 21 0.1 9.7
751k-800k 28 20 1 0.1 8.4
801k-850k 22 13 2 0.1 10.2
851k-900k 24 10 0.1 14.4
901k-950k 22 9 2 0.1 14.7
951k-1m 16 8 2 0.1 12
1m-1.1m 17 7 1 0.1 14.6
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 8 2 0.4 2.3
1.4m-1.5m 6 4 1 0.1 9
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 10 2 1 0 30
1.7m-1.8m 1 3 1 0.5 2
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 10% 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 1 0.1 18
326k-350k 7 4 0.1 10.5
351k-375k 3 2 1 0.1 9
376k-400k 2 2 0.2 6
401k-425k 1 0
426k-450k 1 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12
601k-650k 1 0

Condos 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
76k-100k 1 2 0.3 3
101k-125k 5 3 1 0.1 10
126k-150k 17 7 2 0.1 14.6
151k-175k 29 16 2 0.1 10.9
176k-200k 33 17 2 0.1 11.6
201k-225k 19 12 3 0.1 9.5
226k-250k 25 17 2 0.1 8.8
251k-275k 32 18 0.1 10.7
276k-300k 47 17 1 0.1 16.6
301k-325k 24 10 3 0.1 14.4
326k-350k 36 8 4 0 27
351k-375k 25 8 5 0.1 18.8
376k-400k 31 6 0 31
401k-425k 17 12 4 0.1 8.5
426k-450k 19 3 2 0 38
451k-475k 11 5 2 0.1 13.2
476k-500k 14 4 0 21
501k-550k 24 4 1 0 36
551k-600k 14 2 0 42
601k-650k 7 1 0 42
651k-700k 10 0
701k-750k 9 2 1 0 27
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 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 405 168 29 0.1 14.5
26k-50k 356 101 17 0 21.1
51k-75k 131 45 5 0.1 17.5
76k-100k 81 21 2 0 23.1
101k-125k 47 10 2 0 28.2
126k-150k 34 9 1 0 22.7
151k-175k 18 11 1 0.1 9.8
176k-200k 27 2 0 81
201k-225k 15 5 1 0.1 18
226k-250k 12 3 1 0 24
251k-275k 14 5 0.1 16.8
276k-300k 24 6 2 0 24
301k-325k 10 1 0 60
326k-350k 15 2 0 45
351k-375k 7 3 0.1 14
376k-400k 13 2 1 0 39
401k-425k 8 1 0 48
426k-450k 8 2 1 0 24
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