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 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 10 8 3 0.1 7.5
201k-225k 9 16 2 0.3 3.4
226k-250k 21 17 4 0.1 7.4
251k-275k 22 24 7 0.2 5.5
276k-300k 66 66 13 0.2 6
301k-325k 55 68 14 0.2 4.9
326k-350k 92 75 14 0.1 7.4
351k-375k 84 68 11 0.1 7.4
376k-400k 101 65 16 0.1 9.3
401k-425k 56 46 7 0.1 7.3
426k-450k 78 31 4 0.1 15.1
451k-475k 39 33 5 0.1 7.1
476k-500k 47 30 3 0.1 9.4
501k-550k 62 52 11 0.1 7.2
551k-600k 71 32 7 0.1 13.3
601k-650k 47 32 4 0.1 8.8
651k-700k 55 25 5 0.1 13.2
701k-750k 32 13 0.1 14.8
751k-800k 35 14 4 0.1 15
801k-850k 20 13 2 0.1 9.2
851k-900k 29 7 2 0 24.9
901k-950k 21 9 2 0.1 14
951k-1m 20 6 1 0.1 20
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 17 5 0 20.4
1.2m-1.3m 12 6 1 0.1 12
1.3m-1.4m 7 5 0.1 8.4
1.4m-1.5m 6 6 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 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 12% 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 3 1 0.2 6
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 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 4 5 3 0.2 4.8
126k-150k 18 7 1 0.1 15.4
151k-175k 37 16 3 0.1 13.9
176k-200k 36 12 0.1 18
201k-225k 22 10 2 0.1 13.2
226k-250k 25 11 1 0.1 13.6
251k-275k 39 20 6 0.1 11.7
276k-300k 53 16 0.1 19.9
301k-325k 25 13 1 0.1 11.5
326k-350k 42 7 3 0 36
351k-375k 24 11 3 0.1 13.1
376k-400k 32 8 0 24
401k-425k 15 10 3 0.1 9
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 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 436 143 20 0.1 18.3
26k-50k 363 82 12 0 26.6
51k-75k 134 33 1 0 24.4
76k-100k 80 21 2 0 22.9
101k-125k 46 9 1 0 30.7
126k-150k 34 7 1 0 29.1
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 3 0.1 9.6
451k-475k 6 1 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