Absorption Report

Charlotte County School District, 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 0.2 0
51k-75k 1 0.2 0
76k-100k 2 3 0.3 4
101k-125k 10 1 1.7 0
126k-150k 2 7 1 0.6 1.7
151k-175k 5 19 3 0.6 1.6
176k-200k 19 18 0.2 6.3
201k-225k 20 35 8 0.3 3.4
226k-250k 33 40 5 0.2 5
251k-275k 37 43 8 0.2 5.2
276k-300k 66 57 6 0.1 6.9
301k-325k 97 75 8 0.1 7.8
326k-350k 127 72 8 0.1 10.6
351k-375k 96 45 11 0.1 12.8
376k-400k 122 53 8 0.1 13.8
401k-425k 72 36 6 0.1 12
426k-450k 72 24 0.1 18
451k-475k 57 26 2 0.1 13.2
476k-500k 51 24 1 0.1 12.8
501k-550k 77 33 3 0.1 14
551k-600k 72 33 3 0.1 13.1
601k-650k 54 26 2 0.1 12.5
651k-700k 48 12 2 0 24
701k-750k 25 13 0.1 11.5
751k-800k 43 21 1 0.1 12.3
801k-850k 27 10 1 0.1 16.2
851k-900k 29 7 1 0 24.9
901k-950k 19 6 3 0.1 19
951k-1m 24 5 0 28.8
1m-1.1m 20 5 1 0 24
1.1m-1.2m 15 6 0.1 15
1.2m-1.3m 14 5 0.1 16.8
1.3m-1.4m 7 2 0 21
1.4m-1.5m 9 4 1 0.1 13.5
1.5m-1.6m 8 3 2 0.1 16
1.6m-1.7m 6 1 1 0 36
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 4 1 1 0 24
1.9m-2m 4 1 0 24
2m-2.25m 3 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0