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 2 1 0.3 0
101k-125k 3 1 0.5 0
126k-150k 4 7 3 0.3 3.4
151k-175k 8 8 4 0.2 6
176k-200k 9 6 2 0.1 9
201k-225k 14 13 4 0.2 6.5
226k-250k 16 16 2 0.2 6
251k-275k 22 27 3 0.2 4.9
276k-300k 72 62 11 0.1 7
301k-325k 42 63 19 0.3 4
326k-350k 87 77 12 0.1 6.8
351k-375k 93 71 10 0.1 7.9
376k-400k 97 62 9 0.1 9.4
401k-425k 58 44 6 0.1 7.9
426k-450k 59 39 4 0.1 9.1
451k-475k 38 35 4 0.2 6.5
476k-500k 38 31 4 0.1 7.4
501k-550k 59 56 13 0.2 6.3
551k-600k 61 36 4 0.1 10.2
601k-650k 45 38 7 0.1 7.1
651k-700k 50 22 2 0.1 13.6
701k-750k 34 19 0.1 10.7
751k-800k 30 18 1 0.1 10
801k-850k 21 12 0.1 10.5
851k-900k 25 7 0 21.4
901k-950k 22 9 1 0.1 14.7
951k-1m 18 8 1 0.1 13.5
1m-1.1m 17 6 1 0.1 17
1.1m-1.2m 19 8 1 0.1 14.3
1.2m-1.3m 12 5 0.1 14.4
1.3m-1.4m 2 8 1 0.7 1.5
1.4m-1.5m 8 4 0.1 12
1.5m-1.6m 4 1 0 24
1.6m-1.7m 9 2 1 0 27
1.7m-1.8m 1 4 2 0.7 1.5
1.8m-1.9m 4 0
1.9m-2m 7 3 0.1 14
2m-2.25m 5 0
2.25m-2.5m 6 0
2.5m-2.75m 1 0
4.5m-5m 1 0

Townhouses 18% 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
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 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 3 0
501k-550k 2 1 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 1 2 0.3 3
101k-125k 5 2 1 0.1 15
126k-150k 17 8 3 0.1 12.8
151k-175k 29 16 2 0.1 10.9
176k-200k 33 16 2 0.1 12.4
201k-225k 20 12 3 0.1 10
226k-250k 25 16 2 0.1 9.4
251k-275k 34 18 1 0.1 11.3
276k-300k 47 16 0.1 17.6
301k-325k 26 9 1 0.1 17.3
326k-350k 34 7 3 0 29.1
351k-375k 25 8 4 0.1 18.8
376k-400k 31 6 0 31
401k-425k 18 12 3 0.1 9
426k-450k 24 3 2 0 48
451k-475k 11 5 2 0.1 13.2
476k-500k 13 1 0 78
501k-550k 24 4 1 0 36
551k-600k 15 2 0 45
601k-650k 7 1 0 42
651k-700k 10 0
701k-750k 10 1 1 0 60
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 393 155 22 0.1 15.2
26k-50k 355 97 16 0 22
51k-75k 126 43 5 0.1 17.6
76k-100k 82 19 2 0 25.9
101k-125k 46 9 1 0 30.7
126k-150k 34 8 0 25.5
151k-175k 18 11 1 0.1 9.8
176k-200k 25 2 1 0 75
201k-225k 14 5 1 0.1 16.8
226k-250k 15 3 1 0 30
251k-275k 14 4 0 21
276k-300k 23 6 2 0 23
301k-325k 10 1 0 60
326k-350k 14 2 0 42
351k-375k 7 2 0 21
376k-400k 14 1 1 0 84
401k-425k 8 0
426k-450k 9 2 0 27
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
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