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 4 1 0.7 1.5
126k-150k 6 8 1 0.2 4.5
151k-175k 7 8 0.2 5.3
176k-200k 9 7 2 0.1 7.7
201k-225k 13 15 3 0.2 5.2
226k-250k 23 19 4 0.1 7.3
251k-275k 21 21 5 0.2 6
276k-300k 68 62 10 0.2 6.6
301k-325k 54 64 9 0.2 5.1
326k-350k 94 76 14 0.1 7.4
351k-375k 82 69 10 0.1 7.1
376k-400k 104 64 13 0.1 9.8
401k-425k 59 47 8 0.1 7.5
426k-450k 77 31 3 0.1 14.9
451k-475k 43 36 8 0.1 7.2
476k-500k 39 30 3 0.1 7.8
501k-550k 65 48 10 0.1 8.1
551k-600k 66 32 5 0.1 12.4
601k-650k 48 32 3 0.1 9
651k-700k 55 25 4 0.1 13.2
701k-750k 26 14 0.1 11.1
751k-800k 36 17 3 0.1 12.7
801k-850k 20 13 3 0.1 9.2
851k-900k 28 6 1 0 28
901k-950k 22 9 3 0.1 14.7
951k-1m 19 6 0.1 19
1m-1.1m 19 7 2 0.1 16.3
1.1m-1.2m 18 5 0 21.6
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 8 6 2 0.1 8
1.5m-1.6m 6 3 2 0.1 12
1.6m-1.7m 11 3 2 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 3 0.1 14
2m-2.25m 5 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 11% 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
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 6 3 0.1 12
351k-375k 2 3 1 0.3 4
376k-400k 3 2 0.1 9
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 1 0.1 12

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 4 3 0.2 4.5
126k-150k 20 7 1 0.1 17.1
151k-175k 34 15 2 0.1 13.6
176k-200k 38 12 0.1 19
201k-225k 22 10 1 0.1 13.2
226k-250k 27 12 0.1 13.5
251k-275k 36 17 4 0.1 12.7
276k-300k 55 17 4 0.1 19.4
301k-325k 24 13 2 0.1 11.1
326k-350k 39 6 2 0 39
351k-375k 21 10 2 0.1 12.6
376k-400k 30 8 1 0 22.5
401k-425k 16 11 3 0.1 8.7
426k-450k 29 2 0 87
451k-475k 12 3 0 24
476k-500k 12 1 0 72
501k-550k 23 5 2 0 27.6
551k-600k 16 2 0 48
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 418 141 23 0.1 17.8
26k-50k 362 84 11 0 25.9
51k-75k 141 33 3 0 25.6
76k-100k 91 21 4 0 26
101k-125k 44 9 1 0 29.3
126k-150k 34 7 1 0 29.1
151k-175k 20 11 1 0.1 10.9
176k-200k 27 3 2 0 54
201k-225k 14 6 0.1 14
226k-250k 19 1 0 114
251k-275k 11 6 2 0.1 11
276k-300k 21 6 0 21
301k-325k 10 2 1 0 30
326k-350k 15 3 1 0 30
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 7 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 6 0
551k-600k 9 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 3 1 0.1 18
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 1 0.2 0
1.8m-1.9m 1 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