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 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 10 15 2 0.3 4
226k-250k 22 17 5 0.1 7.8
251k-275k 20 24 7 0.2 5
276k-300k 66 65 13 0.2 6.1
301k-325k 53 69 15 0.2 4.6
326k-350k 91 74 14 0.1 7.4
351k-375k 85 64 7 0.1 8
376k-400k 99 64 14 0.1 9.3
401k-425k 58 47 8 0.1 7.4
426k-450k 75 30 3 0.1 15
451k-475k 41 33 7 0.1 7.5
476k-500k 42 31 3 0.1 8.1
501k-550k 63 52 11 0.1 7.3
551k-600k 68 30 5 0.1 13.6
601k-650k 49 32 3 0.1 9.2
651k-700k 55 24 3 0.1 13.8
701k-750k 28 13 0.1 12.9
751k-800k 36 16 5 0.1 13.5
801k-850k 19 13 3 0.1 8.8
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 29 8 0 21.8
401k-425k 16 10 3 0.1 9.6
426k-450k 28 3 1 0 56
451k-475k 11 3 0 22
476k-500k 13 1 0 78
501k-550k 24 4 2 0 36
551k-600k 14 2 0 42
601k-650k 7 1 0 42
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 413 143 23 0.1 17.3
26k-50k 364 83 12 0 26.3
51k-75k 133 33 1 0 24.2
76k-100k 82 21 4 0 23.4
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 27 3 2 0 54
201k-225k 16 5 0.1 19.2
226k-250k 14 1 0 84
251k-275k 12 6 2 0.1 12
276k-300k 20 6 0.1 20
301k-325k 10 2 1 0 30
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 12 0
851k-900k 2 2 1 0.2 6
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 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