Absorption Report

Charlotte County, House

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 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
26k-50k 1 1 0.2 6
51k-75k 2 1 0.3 0
76k-100k 3 10 1 0.6 1.8
101k-125k 5 15 3 0.5 2
126k-150k 15 30 3 0.3 3
151k-175k 15 44 6 0.5 2
176k-200k 54 59 7 0.2 5.5
201k-225k 59 93 18 0.3 3.8
226k-250k 96 111 17 0.2 5.2
251k-275k 112 109 20 0.2 6.2
276k-300k 227 202 34 0.1 6.7
301k-325k 240 256 36 0.2 5.6
326k-350k 372 250 34 0.1 8.9
351k-375k 257 176 26 0.1 8.8
376k-400k 345 159 27 0.1 13
401k-425k 161 105 15 0.1 9.2
426k-450k 192 74 9 0.1 15.6
451k-475k 122 77 6 0.1 9.5
476k-500k 161 71 10 0.1 13.6
501k-550k 161 98 23 0.1 9.9
551k-600k 186 75 14 0.1 14.9
601k-650k 111 58 9 0.1 11.5
651k-700k 107 44 10 0.1 14.6
701k-750k 70 20 2 0 21
751k-800k 87 26 4 0 20.1
801k-850k 50 16 2 0.1 18.8
851k-900k 63 13 2 0 29.1
901k-950k 40 13 4 0.1 18.5
951k-1m 40 12 2 0.1 20
1m-1.1m 31 11 3 0.1 16.9
1.1m-1.2m 31 9 1 0 20.7
1.2m-1.3m 26 12 1 0.1 13
1.3m-1.4m 15 5 0.1 18
1.4m-1.5m 13 6 2 0.1 13
1.5m-1.6m 16 2 1 0 48
1.6m-1.7m 17 4 1 0 25.5
1.7m-1.8m 12 4 1 0.1 18
1.8m-1.9m 9 1 0 54
1.9m-2m 8 4 0.1 12
2m-2.25m 8 0
2.25m-2.5m 11 0
2.5m-2.75m 6 0
3m-3.5m 1 0
3.5m-4m 5 0
4m-4.5m 1 0
4.5m-5m 3 0
5.01m-6m 1 0