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 10 9 4 0.2 6.7
176k-200k 8 7 3 0.1 6.9
201k-225k 13 13 4 0.2 6
226k-250k 17 16 2 0.2 6.4
251k-275k 19 26 3 0.2 4.4
276k-300k 70 65 12 0.2 6.5
301k-325k 46 65 20 0.2 4.2
326k-350k 88 77 15 0.1 6.9
351k-375k 95 71 12 0.1 8
376k-400k 97 66 9 0.1 8.8
401k-425k 59 45 7 0.1 7.9
426k-450k 59 41 5 0.1 8.6
451k-475k 41 34 5 0.1 7.2
476k-500k 39 30 4 0.1 7.8
501k-550k 60 56 9 0.2 6.4
551k-600k 60 39 6 0.1 9.2
601k-650k 43 40 8 0.2 6.5
651k-700k 51 23 2 0.1 13.3
701k-750k 33 21 0.1 9.4
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 16 8 2 0.1 12
1m-1.1m 17 7 2 0.1 14.6
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 3 1 0.1 18
1.6m-1.7m 10 1 0 60
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 5 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 10% 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 4 1 0 24
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 1 0.1 18
326k-350k 7 4 0.1 10.5
351k-375k 3 2 1 0.1 9
376k-400k 2 2 0.2 6
401k-425k 1 0
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 1 0.1 12.4
201k-225k 20 12 3 0.1 10
226k-250k 25 17 2 0.1 8.8
251k-275k 29 18 1 0.1 9.7
276k-300k 48 17 1 0.1 16.9
301k-325k 24 10 3 0.1 14.4
326k-350k 35 8 4 0 26.3
351k-375k 28 7 4 0 24
376k-400k 31 6 0 31
401k-425k 16 12 4 0.1 8
426k-450k 18 3 2 0 36
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 8 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 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 405 163 24 0.1 14.9
26k-50k 355 99 15 0 21.5
51k-75k 133 43 2 0.1 18.6
76k-100k 79 21 2 0 22.6
101k-125k 47 10 2 0 28.2
126k-150k 34 9 1 0 22.7
151k-175k 18 11 1 0.1 9.8
176k-200k 27 2 0 81
201k-225k 16 5 1 0.1 19.2
226k-250k 13 2 0 39
251k-275k 14 5 0.1 16.8
276k-300k 25 5 1 0 30
301k-325k 10 1 0 60
326k-350k 15 2 0 45
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