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 2 0.2 6
101k-125k 9 1 1.5 0
126k-150k 2 7 0.6 1.7
151k-175k 5 18 2 0.6 1.7
176k-200k 20 18 1 0.2 6.7
201k-225k 16 40 9 0.4 2.4
226k-250k 30 39 5 0.2 4.6
251k-275k 36 43 8 0.2 5
276k-300k 65 60 12 0.2 6.5
301k-325k 89 78 11 0.1 6.8
326k-350k 132 72 8 0.1 11
351k-375k 93 44 7 0.1 12.7
376k-400k 125 51 9 0.1 14.7
401k-425k 65 37 7 0.1 10.5
426k-450k 80 25 1 0.1 19.2
451k-475k 49 26 3 0.1 11.3
476k-500k 54 27 4 0.1 12
501k-550k 76 35 6 0.1 13
551k-600k 71 32 5 0.1 13.3
601k-650k 57 28 3 0.1 12.2
651k-700k 47 11 2 0 25.6
701k-750k 30 12 1 0.1 15
751k-800k 44 17 1 0.1 15.5
801k-850k 29 9 0.1 19.3
851k-900k 30 9 3 0.1 20
901k-950k 19 5 2 0 22.8
951k-1m 22 6 1 0 22
1m-1.1m 21 5 1 0 25.2
1.1m-1.2m 14 5 0.1 16.8
1.2m-1.3m 17 5 0 20.4
1.3m-1.4m 8 2 0 24
1.4m-1.5m 7 4 1 0.1 10.5
1.5m-1.6m 8 2 1 0 24
1.6m-1.7m 7 1 0 42
1.7m-1.8m 8 4 1 0.1 12
1.8m-1.9m 2 1 0.1 12
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0