Absorption Report

Charlotte County School District, New Construction

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
51k-75k 1 0.2 0
76k-100k 2 1 1 0.1 12
101k-125k 3 0.5 0
126k-150k 1 1 0.2 0
151k-175k 1 5 1 0.8 1.2
176k-200k 5 4 0.1 7.5
201k-225k 2 7 1 0.6 1.7
226k-250k 10 13 1 0.2 4.6
251k-275k 8 12 3 0.3 4
276k-300k 29 22 2 0.1 7.9
301k-325k 59 45 6 0.1 7.9
326k-350k 72 37 6 0.1 11.7
351k-375k 57 25 8 0.1 13.7
376k-400k 74 33 6 0.1 13.5
401k-425k 38 18 2 0.1 12.7
426k-450k 29 9 0.1 19.3
451k-475k 25 17 2 0.1 8.8
476k-500k 24 9 0.1 16
501k-550k 34 14 3 0.1 14.6
551k-600k 31 13 2 0.1 14.3
601k-650k 20 11 1 0.1 10.9
651k-700k 20 4 0 30
701k-750k 12 2 0 36
751k-800k 15 7 0.1 12.9
801k-850k 12 5 1 0.1 14.4
851k-900k 14 4 0 21
901k-950k 10 0
951k-1m 6 3 0.1 12
1m-1.1m 8 3 1 0.1 16
1.1m-1.2m 6 4 0.1 9
1.2m-1.3m 6 3 0.1 12
1.3m-1.4m 2 0
1.4m-1.5m 5 2 0.1 15
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 2 1 1 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 2 1 1 0.1 12
1.9m-2m 2 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0

Townhouses 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
326k-350k 1 0

Condos 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 7 2 0 21
151k-175k 4 3 0.1 8
176k-200k 3 2 0.1 9
201k-225k 2 3 0.3 4
226k-250k 3 2 0.1 9
251k-275k 8 1 0 48
276k-300k 3 2 0.1 9
301k-325k 4 0
326k-350k 4 0
351k-375k 5 0
376k-400k 5 0
401k-425k 1 2 1 0.3 3
426k-450k 4 1 0 24
451k-475k 1 0.2 0
501k-550k 2 0
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 4 0
701k-750k 1 0
751k-800k 1 0