Absorption Report

Charlotte County School District, Land

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

Land 0% 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 510 187 35 0.1 16.4
26k-50k 422 76 10 0 33.3
51k-75k 160 29 5 0 33.1
76k-100k 71 22 1 0.1 19.4
101k-125k 40 8 1 0 30
126k-150k 24 7 0 20.6
151k-175k 28 1 1 0 168
176k-200k 21 1 0 126
201k-225k 13 2 1 0 39
226k-250k 15 1 0 90
251k-275k 10 4 2 0.1 15
276k-300k 22 4 0 33
301k-325k 7 2 1 0 21
326k-350k 8 0
351k-375k 4 2 0.1 12
376k-400k 9 2 0 27
401k-425k 4 0
426k-450k 3 0
451k-475k 4 0
476k-500k 3 0
501k-550k 1 1 0.2 6
551k-600k 4 0
601k-650k 2 0
651k-700k 1 0
701k-750k 3 0
751k-800k 1 0
851k-900k 1 1 0.2 0
951k-1m 2 0
1.1m-1.2m 1 0
1.5m-1.6m 1 0
1.9m-2m 2 0
2.5m-2.75m 2 0
5.01m-6m 1 0