Absorption Report

Punta Gorda

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 Since 12/31 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 2 1 0.3 0
101k-125k 1 4 1 0.7 1.5
126k-150k 3 7 3 0.4 2.6
151k-175k 9 9 4 0.2 6
176k-200k 7 8 3 0.2 5.3
201k-225k 13 12 3 0.2 6.5
226k-250k 18 14 0.1 7.7
251k-275k 18 27 4 0.3 4
276k-300k 70 62 14 0.1 6.8
301k-325k 44 65 18 0.2 4.1
326k-350k 91 77 16 0.1 7.1
351k-375k 79 71 14 0.1 6.7
376k-400k 93 68 16 0.1 8.2
401k-425k 58 46 7 0.1 7.6
426k-450k 58 41 4 0.1 8.5
451k-475k 36 35 6 0.2 6.2
476k-500k 44 32 5 0.1 8.3
501k-550k 60 55 7 0.2 6.5
551k-600k 59 38 6 0.1 9.3
601k-650k 43 42 7 0.2 6.1
651k-700k 42 26 2 0.1 9.7
701k-750k 35 23 1 0.1 9.1
751k-800k 26 22 1 0.1 7.1
801k-850k 24 13 4 0.1 11.1
851k-900k 19 10 0.1 11.4
901k-950k 24 9 1 0.1 16
951k-1m 16 8 2 0.1 12
1m-1.1m 16 9 4 0.1 10.7
1.1m-1.2m 17 8 2 0.1 12.8
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 4 1 0 24
1.6m-1.7m 9 2 0 27
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 3 0
2.25m-2.5m 6 0
2.5m-2.75m 3 0
4.5m-5m 1 0

Townhouses 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
276k-300k 1 0
301k-325k 3 1 0.1 18
326k-350k 6 4 0.1 9
351k-375k 3 3 2 0.2 6
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 1 1 1 0.2 6
601k-650k 1 0

Condos 3% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6 1 0.1 16
151k-175k 31 15 1 0.1 12.4
176k-200k 30 16 1 0.1 11.3
201k-225k 18 14 3 0.1 7.7
226k-250k 20 17 2 0.1 7.1
251k-275k 28 21 1 0.1 8
276k-300k 45 18 1 0.1 15
301k-325k 26 10 4 0.1 15.6
326k-350k 32 7 3 0 27.4
351k-375k 27 9 5 0.1 18
376k-400k 28 6 0 28
401k-425k 16 11 3 0.1 8.7
426k-450k 15 2 1 0 45
451k-475k 11 5 2 0.1 13.2
476k-500k 16 5 0.1 19.2
501k-550k 23 4 1 0 34.5
551k-600k 12 2 0 36
601k-650k 7 1 0 42
651k-700k 5 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 Since 12/31 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 401 160 20 0.1 15
26k-50k 346 102 14 0 20.4
51k-75k 138 43 1 0.1 19.3
76k-100k 78 21 3 0 22.3
101k-125k 47 11 3 0 25.6
126k-150k 33 8 0 24.8
151k-175k 19 12 1 0.1 9.5
176k-200k 26 2 0 78
201k-225k 16 4 0 24
226k-250k 13 2 0 39
251k-275k 14 5 0.1 16.8
276k-300k 22 5 2 0 26.4
301k-325k 10 1 0 60
326k-350k 18 2 0 54
351k-375k 8 3 0.1 16
376k-400k 13 1 0 78
401k-425k 7 1 0 42
426k-450k 8 2 1 0 24
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 6 1 0 36
601k-650k 6 0
651k-700k 1 0
701k-750k 3 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