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 1 3 1 0.5 2
126k-150k 3 7 3 0.4 2.6
151k-175k 10 9 4 0.2 6.7
176k-200k 9 7 3 0.1 7.7
201k-225k 13 13 4 0.2 6
226k-250k 17 16 2 0.2 6.4
251k-275k 20 26 3 0.2 4.6
276k-300k 70 65 12 0.2 6.5
301k-325k 44 66 21 0.3 4
326k-350k 88 77 15 0.1 6.9
351k-375k 95 72 13 0.1 7.9
376k-400k 97 66 9 0.1 8.8
401k-425k 60 45 7 0.1 8
426k-450k 62 40 5 0.1 9.3
451k-475k 39 34 5 0.1 6.9
476k-500k 39 30 4 0.1 7.8
501k-550k 60 56 9 0.2 6.4
551k-600k 60 39 5 0.1 9.2
601k-650k 42 41 9 0.2 6.1
651k-700k 50 23 2 0.1 13
701k-750k 33 21 0.1 9.4
751k-800k 27 21 1 0.1 7.7
801k-850k 23 13 2 0.1 10.6
851k-900k 24 10 0.1 14.4
901k-950k 22 10 2 0.1 13.2
951k-1m 16 8 2 0.1 12
1m-1.1m 17 7 2 0.1 14.6
1.1m-1.2m 18 8 2 0.1 13.5
1.2m-1.3m 9 5 1 0.1 10.8
1.3m-1.4m 3 7 1 0.4 2.6
1.4m-1.5m 6 4 1 0.1 9
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 10 1 0 60
1.7m-1.8m 1 3 1 0.5 2
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 5 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 10% 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
126k-150k 1 0.2 0
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 7 4 0.1 10.5
351k-375k 3 2 1 0.1 9
376k-400k 2 2 0.2 6
401k-425k 1 0
426k-450k 1 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12
601k-650k 1 0

Condos 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
76k-100k 1 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 16 7 2 0.1 13.7
151k-175k 30 15 1 0.1 12
176k-200k 32 17 2 0.1 11.3
201k-225k 20 12 3 0.1 10
226k-250k 25 17 2 0.1 8.8
251k-275k 29 18 0.1 9.7
276k-300k 48 17 1 0.1 16.9
301k-325k 24 10 3 0.1 14.4
326k-350k 36 8 4 0 27
351k-375k 26 8 5 0.1 19.5
376k-400k 31 6 0 31
401k-425k 17 12 4 0.1 8.5
426k-450k 18 3 2 0 36
451k-475k 11 5 2 0.1 13.2
476k-500k 14 4 0 21
501k-550k 24 4 1 0 36
551k-600k 12 2 0 36
601k-650k 8 1 0 48
651k-700k 8 0
701k-750k 10 2 1 0 30
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 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 403 166 27 0.1 14.6
26k-50k 355 100 16 0 21.3
51k-75k 133 45 4 0.1 17.7
76k-100k 79 21 2 0 22.6
101k-125k 47 10 2 0 28.2
126k-150k 34 9 1 0 22.7
151k-175k 18 11 1 0.1 9.8
176k-200k 27 2 0 81
201k-225k 15 5 1 0.1 18
226k-250k 13 2 0 39
251k-275k 14 5 0.1 16.8
276k-300k 25 5 1 0 30
301k-325k 10 1 0 60
326k-350k 15 2 0 45
351k-375k 7 3 0.1 14
376k-400k 13 2 1 0 39
401k-425k 8 1 0 48
426k-450k 8 2 1 0 24
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
901k-950k 1 0
951k-1m 6 0
1m-1.1m 5 1 0 30
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
1.9m-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