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 5 2 0.8 1.2
126k-150k 7 8 1 0.2 5.3
151k-175k 6 8 0.2 4.5
176k-200k 10 8 3 0.1 7.5
201k-225k 12 15 2 0.2 4.8
226k-250k 22 16 4 0.1 8.3
251k-275k 21 24 8 0.2 5.3
276k-300k 65 63 12 0.2 6.2
301k-325k 56 68 14 0.2 4.9
326k-350k 91 73 13 0.1 7.5
351k-375k 85 64 7 0.1 8
376k-400k 102 63 13 0.1 9.7
401k-425k 60 47 8 0.1 7.7
426k-450k 76 30 3 0.1 15.2
451k-475k 43 33 7 0.1 7.8
476k-500k 41 31 4 0.1 7.9
501k-550k 65 50 9 0.1 7.8
551k-600k 69 31 5 0.1 13.4
601k-650k 49 32 3 0.1 9.2
651k-700k 55 24 3 0.1 13.8
701k-750k 28 13 0.1 12.9
751k-800k 37 15 4 0.1 14.8
801k-850k 19 13 3 0.1 8.8
851k-900k 28 6 1 0 28
901k-950k 22 9 2 0.1 14.7
951k-1m 19 7 1 0.1 16.3
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 17 5 0 20.4
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 8 5 0.1 9.6
1.4m-1.5m 7 6 2 0.1 7
1.5m-1.6m 7 3 2 0.1 14
1.6m-1.7m 11 3 1 0 22
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 7 2 0 21
2m-2.25m 5 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 8% 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 5 2 0.1 15
351k-375k 2 3 1 0.3 4
376k-400k 3 2 0.1 9
426k-450k 1 0
451k-475k 1 1 1 0.2 6
476k-500k 1 0
501k-550k 2 0
551k-600k 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 3 1 0.5 0
101k-125k 3 4 2 0.2 4.5
126k-150k 20 8 1 0.1 15
151k-175k 37 15 1 0.1 14.8
176k-200k 36 12 0.1 18
201k-225k 22 10 2 0.1 13.2
226k-250k 26 11 0.1 14.2
251k-275k 37 19 5 0.1 11.7
276k-300k 54 17 3 0.1 19.1
301k-325k 25 13 1 0.1 11.5
326k-350k 39 7 3 0 33.4
351k-375k 24 10 2 0.1 14.4
376k-400k 29 8 0 21.8
401k-425k 17 11 3 0.1 9.3
426k-450k 29 3 1 0 58
451k-475k 11 3 0 22
476k-500k 13 1 0 78
501k-550k 24 4 2 0 36
551k-600k 15 2 0 45
601k-650k 7 1 0 42
651k-700k 13 0
701k-750k 8 1 0 48
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 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 418 141 21 0.1 17.8
26k-50k 365 84 12 0 26.1
51k-75k 140 33 1 0 25.5
76k-100k 89 21 4 0 25.4
101k-125k 42 9 1 0 28
126k-150k 37 7 1 0 31.7
151k-175k 20 11 1 0.1 10.9
176k-200k 27 3 2 0 54
201k-225k 16 5 0.1 19.2
226k-250k 15 1 0 90
251k-275k 12 6 2 0.1 12
276k-300k 20 6 0.1 20
301k-325k 10 2 1 0 30
326k-350k 16 3 1 0 32
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 6 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 6 0
551k-600k 9 0
601k-650k 5 0
651k-700k 2 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 2 1 0.2 6
951k-1m 7 0
1m-1.1m 3 1 0.1 18
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 0.2 0
1.8m-1.9m 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 1 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0