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 4 0.7 0
101k-125k 1 4 2 0.7 1.5
126k-150k 5 8 1 0.3 3.8
151k-175k 7 8 0.2 5.3
176k-200k 11 8 3 0.1 8.3
201k-225k 8 16 2 0.3 3
226k-250k 20 17 4 0.1 7.1
251k-275k 22 24 5 0.2 5.5
276k-300k 66 67 11 0.2 5.9
301k-325k 56 68 13 0.2 4.9
326k-350k 92 74 12 0.1 7.5
351k-375k 83 67 10 0.1 7.4
376k-400k 99 66 15 0.1 9
401k-425k 58 47 8 0.1 7.4
426k-450k 77 30 3 0.1 15.4
451k-475k 38 33 3 0.1 6.9
476k-500k 49 29 3 0.1 10.1
501k-550k 62 50 10 0.1 7.4
551k-600k 71 32 5 0.1 13.3
601k-650k 50 32 4 0.1 9.4
651k-700k 53 26 6 0.1 12.2
701k-750k 32 13 0.1 14.8
751k-800k 36 14 4 0.1 15.4
801k-850k 20 12 2 0.1 10
851k-900k 29 7 2 0 24.9
901k-950k 22 9 2 0.1 14.7
951k-1m 19 6 1 0.1 19
1m-1.1m 19 7 2 0.1 16.3
1.1m-1.2m 18 4 0 27
1.2m-1.3m 13 6 1 0.1 13
1.3m-1.4m 8 5 0.1 9.6
1.4m-1.5m 5 5 2 0.2 6
1.5m-1.6m 7 2 1 0 21
1.6m-1.7m 12 3 1 0 24
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 1 1 0.2 6
1.9m-2m 7 2 0 21
2m-2.25m 4 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 8% 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 2 0
226k-250k 3 1 0.1 18
251k-275k 1 0.2 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 1 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 5 2 0.2 4.8
126k-150k 18 7 1 0.1 15.4
151k-175k 38 15 2 0.1 15.2
176k-200k 37 11 0 20.2
201k-225k 22 10 2 0.1 13.2
226k-250k 26 10 0.1 15.6
251k-275k 39 20 5 0.1 11.7
276k-300k 55 16 0 20.6
301k-325k 25 13 0.1 11.5
326k-350k 42 7 3 0 36
351k-375k 25 10 3 0.1 15
376k-400k 33 7 0 28.3
401k-425k 15 9 3 0.1 10
426k-450k 28 3 1 0 56
451k-475k 12 3 0 24
476k-500k 13 1 0 78
501k-550k 27 4 2 0 40.5
551k-600k 15 2 0 45
601k-650k 8 1 0 48
651k-700k 14 0
701k-750k 10 1 0 60
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 438 141 19 0.1 18.6
26k-50k 361 79 10 0 27.4
51k-75k 134 32 1 0 25.1
76k-100k 81 21 2 0 23.1
101k-125k 47 9 1 0 31.3
126k-150k 33 7 1 0 28.3
151k-175k 19 11 1 0.1 10.4
176k-200k 26 2 1 0 78
201k-225k 16 5 0.1 19.2
226k-250k 14 1 0 84
251k-275k 12 6 2 0.1 12
276k-300k 19 6 0.1 19
301k-325k 9 2 1 0 27
326k-350k 16 3 1 0 32
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 5 0
426k-450k 8 5 2 0.1 9.6
451k-475k 6 1 0 36
476k-500k 8 0
501k-550k 7 0
551k-600k 6 0
601k-650k 5 0
651k-700k 2 0
701k-750k 5 0
751k-800k 10 0
851k-900k 2 2 1 0.2 6
951k-1m 6 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 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
13.01m-14m 1 0
15.01m-16m 1 0