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 18 19 1 0.2 5.7
201k-225k 20 39 11 0.3 3.1
226k-250k 32 39 4 0.2 4.9
251k-275k 34 43 8 0.2 4.7
276k-300k 67 59 9 0.1 6.8
301k-325k 84 77 11 0.2 6.5
326k-350k 125 71 8 0.1 10.6
351k-375k 95 46 11 0.1 12.4
376k-400k 119 51 10 0.1 14
401k-425k 65 37 7 0.1 10.5
426k-450k 80 25 1 0.1 19.2
451k-475k 50 25 3 0.1 12
476k-500k 52 26 3 0.1 12
501k-550k 72 37 7 0.1 11.7
551k-600k 73 33 5 0.1 13.3
601k-650k 54 28 3 0.1 11.6
651k-700k 47 11 1 0 25.6
701k-750k 26 13 1 0.1 12
751k-800k 41 18 1 0.1 13.7
801k-850k 28 9 1 0.1 18.7
851k-900k 30 7 1 0 25.7
901k-950k 18 5 3 0 21.6
951k-1m 23 6 1 0 23
1m-1.1m 20 5 1 0 24
1.1m-1.2m 14 6 0.1 14
1.2m-1.3m 15 5 0.1 18
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 0 36
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 0
2m-2.25m 3 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0