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
51k-75k 1 0.2 0
76k-100k 1 4 3 0.7 1.5
101k-125k 3 0.5 0
126k-150k 6 7 1 0.2 5.1
151k-175k 6 8 3 0.2 4.5
176k-200k 8 7 3 0.1 6.9
201k-225k 12 15 5 0.2 4.8
226k-250k 17 17 4 0.2 6
251k-275k 24 25 3 0.2 5.8
276k-300k 69 62 14 0.1 6.7
301k-325k 52 62 16 0.2 5
326k-350k 94 76 12 0.1 7.4
351k-375k 81 73 12 0.2 6.7
376k-400k 110 60 8 0.1 11
401k-425k 51 47 7 0.2 6.5
426k-450k 67 36 4 0.1 11.2
451k-475k 41 38 5 0.2 6.5
476k-500k 41 32 6 0.1 7.7
501k-550k 65 53 11 0.1 7.4
551k-600k 59 32 5 0.1 11.1
601k-650k 49 34 5 0.1 8.6
651k-700k 56 23 2 0.1 14.6
701k-750k 31 18 1 0.1 10.3
751k-800k 31 19 2 0.1 9.8
801k-850k 21 13 3 0.1 9.7
851k-900k 25 7 1 0 21.4
901k-950k 22 7 2 0.1 18.9
951k-1m 17 7 0.1 14.6
1m-1.1m 19 7 2 0.1 16.3
1.1m-1.2m 20 8 0.1 15
1.2m-1.3m 14 5 0.1 16.8
1.3m-1.4m 5 7 1 0.2 4.3
1.4m-1.5m 8 4 0.1 12
1.5m-1.6m 6 3 2 0.1 12
1.6m-1.7m 10 2 1 0 30
1.7m-1.8m 2 4 1 0.3 3
1.8m-1.9m 4 1 1 0 24
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
4.5m-5m 1 0

Townhouses 15% 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 4 0.1 9
351k-375k 2 3 1 0.3 4
376k-400k 1 2 0.3 3
401k-425k 1 0
426k-450k 1 1 0.2 0
476k-500k 2 0
501k-550k 2 1 0.1 12

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 3 1 0.5 0
101k-125k 5 3 2 0.1 10
126k-150k 16 7 3 0.1 13.7
151k-175k 34 16 3 0.1 12.8
176k-200k 34 14 2 0.1 14.6
201k-225k 22 11 3 0.1 12
226k-250k 25 14 1 0.1 10.7
251k-275k 33 18 1 0.1 11
276k-300k 51 19 4 0.1 16.1
301k-325k 26 11 2 0.1 14.2
326k-350k 33 6 3 0 33
351k-375k 26 8 2 0.1 19.5
376k-400k 29 8 2 0 21.8
401k-425k 17 12 4 0.1 8.5
426k-450k 27 2 1 0 81
451k-475k 12 3 1 0 24
476k-500k 10 1 0 60
501k-550k 24 4 1 0 36
551k-600k 16 2 0 48
601k-650k 5 1 0 30
651k-700k 14 0
701k-750k 8 1 0 48
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 2 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 397 149 25 0.1 16
26k-50k 354 90 18 0 23.6
51k-75k 136 39 4 0 20.9
76k-100k 86 21 2 0 24.6
101k-125k 43 10 2 0 25.8
126k-150k 33 6 0 33
151k-175k 18 11 0.1 9.8
176k-200k 26 2 1 0 78
201k-225k 14 5 1 0.1 16.8
226k-250k 16 3 1 0 32
251k-275k 12 4 0.1 18
276k-300k 23 6 1 0 23
301k-325k 10 1 0 60
326k-350k 14 3 1 0 28
351k-375k 7 2 0 21
376k-400k 15 1 1 0 90
401k-425k 8 0
426k-450k 8 3 1 0.1 16
451k-475k 5 1 1 0 30
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 5 0
651k-700k 1 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 1 0.1 12
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 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 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