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 3 0.5 2
126k-150k 6 7 0.2 5.1
151k-175k 6 8 1 0.2 4.5
176k-200k 9 8 2 0.1 6.8
201k-225k 12 16 4 0.2 4.5
226k-250k 23 18 5 0.1 7.7
251k-275k 22 25 5 0.2 5.3
276k-300k 64 64 14 0.2 6
301k-325k 55 63 12 0.2 5.2
326k-350k 93 76 14 0.1 7.3
351k-375k 84 72 14 0.1 7
376k-400k 107 62 7 0.1 10.4
401k-425k 56 48 7 0.1 7
426k-450k 74 37 5 0.1 12
451k-475k 43 36 6 0.1 7.2
476k-500k 40 32 5 0.1 7.5
501k-550k 65 49 11 0.1 8
551k-600k 64 31 5 0.1 12.4
601k-650k 47 34 3 0.1 8.3
651k-700k 55 25 4 0.1 13.2
701k-750k 26 16 0.1 9.8
751k-800k 35 17 2 0.1 12.4
801k-850k 22 13 3 0.1 10.2
851k-900k 27 7 1 0 23.1
901k-950k 22 8 3 0.1 16.5
951k-1m 17 7 0.1 14.6
1m-1.1m 19 6 1 0.1 19
1.1m-1.2m 20 7 0.1 17.1
1.2m-1.3m 14 5 0.1 16.8
1.3m-1.4m 4 7 1 0.3 3.4
1.4m-1.5m 8 4 0.1 12
1.5m-1.6m 6 4 3 0.1 9
1.6m-1.7m 10 3 2 0.1 20
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 12% 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 1 2 0.3 3
401k-425k 1 0
426k-450k 1 0
476k-500k 2 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 4 3 2 0.1 8
126k-150k 17 7 3 0.1 14.6
151k-175k 33 15 2 0.1 13.2
176k-200k 36 14 2 0.1 15.4
201k-225k 21 10 0.1 12.6
226k-250k 27 14 0.1 11.6
251k-275k 34 19 3 0.1 10.7
276k-300k 54 18 4 0.1 18
301k-325k 25 12 2 0.1 12.5
326k-350k 40 6 2 0 40
351k-375k 23 9 2 0.1 15.3
376k-400k 29 8 1 0 21.8
401k-425k 17 12 5 0.1 8.5
426k-450k 27 2 1 0 81
451k-475k 12 3 0 24
476k-500k 11 1 0 66
501k-550k 24 4 1 0 36
551k-600k 16 2 0 48
601k-650k 6 1 0 36
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 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 407 147 28 0.1 16.6
26k-50k 361 87 14 0 24.9
51k-75k 139 35 4 0 23.8
76k-100k 89 19 2 0 28.1
101k-125k 43 9 1 0 28.7
126k-150k 34 7 1 0 29.1
151k-175k 19 11 0.1 10.4
176k-200k 27 3 2 0 54
201k-225k 14 6 2 0.1 14
226k-250k 17 1 0 102
251k-275k 11 4 0.1 16.5
276k-300k 23 6 1 0 23
301k-325k 10 1 0 60
326k-350k 15 3 1 0 30
351k-375k 7 3 1 0.1 14
376k-400k 14 1 1 0 84
401k-425k 7 0
426k-450k 7 3 1 0.1 14
451k-475k 5 1 1 0 30
476k-500k 7 0
501k-550k 5 0
551k-600k 7 1 0 42
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 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 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0