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 9 9 4 0.2 6
176k-200k 9 8 3 0.1 6.8
201k-225k 12 13 4 0.2 5.5
226k-250k 18 16 2 0.1 6.8
251k-275k 19 26 3 0.2 4.4
276k-300k 70 63 11 0.2 6.7
301k-325k 48 62 17 0.2 4.6
326k-350k 86 78 17 0.2 6.6
351k-375k 95 71 13 0.1 8
376k-400k 95 67 11 0.1 8.5
401k-425k 59 46 7 0.1 7.7
426k-450k 60 40 5 0.1 9
451k-475k 41 35 5 0.1 7
476k-500k 37 30 5 0.1 7.4
501k-550k 61 55 8 0.2 6.7
551k-600k 61 38 5 0.1 9.6
601k-650k 43 40 8 0.2 6.5
651k-700k 50 23 2 0.1 13
701k-750k 34 21 0.1 9.7
751k-800k 27 21 1 0.1 7.7
801k-850k 23 13 2 0.1 10.6
851k-900k 21 10 0.1 12.6
901k-950k 24 10 2 0.1 14.4
951k-1m 15 8 2 0.1 11.3
1m-1.1m 16 8 4 0.1 12
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 4 1 0 24
1.6m-1.7m 9 1 0 54
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 4 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 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 3 1 0.1 18
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 3 3 2 0.2 6
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12
601k-650k 1 0

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 0.1 15
126k-150k 15 7 2 0.1 12.9
151k-175k 29 15 1 0.1 11.6
176k-200k 33 16 2 0.1 12.4
201k-225k 20 14 3 0.1 8.6
226k-250k 25 18 2 0.1 8.3
251k-275k 28 19 1 0.1 8.8
276k-300k 49 17 1 0.1 17.3
301k-325k 24 10 4 0.1 14.4
326k-350k 35 8 4 0 26.3
351k-375k 28 8 4 0 21
376k-400k 31 6 0 31
401k-425k 16 12 4 0.1 8
426k-450k 17 3 2 0 34
451k-475k 11 5 2 0.1 13.2
476k-500k 15 4 0 22.5
501k-550k 24 4 1 0 36
551k-600k 12 2 0 36
601k-650k 8 1 0 48
651k-700k 7 0
701k-750k 11 2 1 0 33
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 409 162 28 0.1 15.1
26k-50k 353 99 15 0 21.4
51k-75k 133 44 2 0.1 18.1
76k-100k 79 21 2 0 22.6
101k-125k 47 11 2 0 25.6
126k-150k 34 9 1 0 22.7
151k-175k 19 12 1 0.1 9.5
176k-200k 26 2 0 78
201k-225k 16 5 1 0.1 19.2
226k-250k 12 2 0 36
251k-275k 14 5 0.1 16.8
276k-300k 24 5 1 0 28.8
301k-325k 10 1 0 60
326k-350k 16 2 0 48
351k-375k 7 3 0.1 14
376k-400k 13 1 0 78
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