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 3 1 0.5 0
126k-150k 4 7 3 0.3 3.4
151k-175k 8 9 4 0.2 5.3
176k-200k 8 7 3 0.1 6.9
201k-225k 14 13 4 0.2 6.5
226k-250k 16 16 2 0.2 6
251k-275k 22 25 3 0.2 5.3
276k-300k 74 62 10 0.1 7.2
301k-325k 42 65 19 0.3 3.9
326k-350k 85 79 12 0.2 6.5
351k-375k 97 69 9 0.1 8.4
376k-400k 97 65 9 0.1 9
401k-425k 59 46 6 0.1 7.7
426k-450k 61 40 4 0.1 9.2
451k-475k 38 35 3 0.2 6.5
476k-500k 40 30 4 0.1 8
501k-550k 60 58 11 0.2 6.2
551k-600k 62 38 4 0.1 9.8
601k-650k 45 41 9 0.2 6.6
651k-700k 50 22 2 0.1 13.6
701k-750k 34 20 0.1 10.2
751k-800k 29 19 1 0.1 9.2
801k-850k 22 13 1 0.1 10.2
851k-900k 25 8 0.1 18.8
901k-950k 23 9 2 0.1 15.3
951k-1m 18 8 1 0.1 13.5
1m-1.1m 17 7 1 0.1 14.6
1.1m-1.2m 19 8 1 0.1 14.3
1.2m-1.3m 9 5 1 0.1 10.8
1.3m-1.4m 3 8 1 0.4 2.3
1.4m-1.5m 8 4 1 0.1 12
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 14% 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 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 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12

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 2 1 0.1 15
126k-150k 17 8 3 0.1 12.8
151k-175k 29 16 2 0.1 10.9
176k-200k 34 16 2 0.1 12.8
201k-225k 20 12 3 0.1 10
226k-250k 26 17 2 0.1 9.2
251k-275k 33 19 1 0.1 10.4
276k-300k 47 17 0.1 16.6
301k-325k 25 10 3 0.1 15
326k-350k 36 7 4 0 30.9
351k-375k 25 8 4 0.1 18.8
376k-400k 31 6 0 31
401k-425k 17 12 4 0.1 8.5
426k-450k 24 3 2 0 48
451k-475k 10 5 2 0.1 12
476k-500k 13 2 0 39
501k-550k 24 4 1 0 36
551k-600k 15 2 0 45
601k-650k 7 1 0 42
651k-700k 10 0
701k-750k 9 2 1 0 27
751k-800k 8 1 0 48
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 392 162 26 0.1 14.5
26k-50k 356 99 18 0 21.6
51k-75k 125 43 5 0.1 17.4
76k-100k 82 21 2 0 23.4
101k-125k 47 10 1 0 28.2
126k-150k 34 9 0 22.7
151k-175k 18 11 1 0.1 9.8
176k-200k 26 2 0 78
201k-225k 15 5 1 0.1 18
226k-250k 15 3 1 0 30
251k-275k 14 5 0.1 16.8
276k-300k 23 6 2 0 23
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 1 0 48
426k-450k 9 2 1 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