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 4 2 0.7 0
101k-125k 1 5 2 0.8 1.2
126k-150k 6 8 1 0.2 4.5
151k-175k 7 8 0.2 5.3
176k-200k 10 8 3 0.1 7.5
201k-225k 8 15 2 0.3 3.2
226k-250k 22 17 5 0.1 7.8
251k-275k 20 24 7 0.2 5
276k-300k 67 65 13 0.2 6.2
301k-325k 53 69 15 0.2 4.6
326k-350k 91 74 14 0.1 7.4
351k-375k 85 65 8 0.1 7.8
376k-400k 98 65 15 0.1 9
401k-425k 55 47 8 0.1 7
426k-450k 74 30 3 0.1 14.8
451k-475k 40 33 7 0.1 7.3
476k-500k 42 31 3 0.1 8.1
501k-550k 64 52 11 0.1 7.4
551k-600k 68 30 5 0.1 13.6
601k-650k 49 32 3 0.1 9.2
651k-700k 55 25 4 0.1 13.2
701k-750k 28 13 0.1 12.9
751k-800k 35 15 4 0.1 14
801k-850k 20 13 3 0.1 9.2
851k-900k 28 6 1 0 28
901k-950k 22 9 2 0.1 14.7
951k-1m 19 7 1 0.1 16.3
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 16 5 0.1 19.2
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 8 5 0.1 9.6
1.4m-1.5m 7 6 2 0.1 7
1.5m-1.6m 7 3 2 0.1 14
1.6m-1.7m 11 3 1 0 22
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 7 2 0 21
2m-2.25m 5 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 1 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 1 0.2 6
476k-500k 1 0
501k-550k 2 0
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 3 1 0.5 0
101k-125k 3 5 3 0.3 3.6
126k-150k 18 8 1 0.1 13.5
151k-175k 36 16 2 0.1 13.5
176k-200k 35 12 0.1 17.5
201k-225k 22 10 2 0.1 13.2
226k-250k 26 11 0.1 14.2
251k-275k 36 19 5 0.1 11.4
276k-300k 53 17 3 0.1 18.7
301k-325k 25 13 1 0.1 11.5
326k-350k 39 7 3 0 33.4
351k-375k 25 11 3 0.1 13.6
376k-400k 30 8 0 22.5
401k-425k 17 10 3 0.1 10.2
426k-450k 28 3 1 0 56
451k-475k 11 3 0 22
476k-500k 14 1 0 84
501k-550k 24 4 2 0 36
551k-600k 14 2 0 42
601k-650k 8 1 0 48
651k-700k 13 0
701k-750k 8 1 0 48
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 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 410 143 23 0.1 17.2
26k-50k 360 83 12 0 26
51k-75k 133 33 1 0 24.2
76k-100k 79 21 4 0 22.6
101k-125k 43 9 1 0 28.7
126k-150k 34 7 1 0 29.1
151k-175k 19 11 1 0.1 10.4
176k-200k 26 3 2 0 52
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 6 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 7 0
551k-600k 7 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 5 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 2 1 0.1 12
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