Supply & Demand in North Port, FL

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 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
26k-50k 1 0.2 0
51k-75k 1 0
76k-100k 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 2 5 2 0.4 2.4
176k-200k 17 15 5 0.1 6.8
201k-225k 16 15 6 0.2 6.4
226k-250k 26 33 8 0.2 4.7
251k-275k 60 63 12 0.2 5.7
276k-300k 92 95 30 0.2 5.8
301k-325k 104 125 32 0.2 5
326k-350k 144 112 15 0.1 7.7
351k-375k 164 75 14 0.1 13.1
376k-400k 149 78 15 0.1 11.5
401k-425k 62 34 5 0.1 10.9
426k-450k 50 37 9 0.1 8.1
451k-475k 45 27 11 0.1 10
476k-500k 38 11 1 0 20.7
501k-550k 41 19 4 0.1 12.9
551k-600k 24 13 3 0.1 11.1
601k-650k 7 8 2 0.2 5.3
651k-700k 17 8 2 0.1 12.8
701k-750k 10 4 2 0.1 15
751k-800k 6 7 0.2 5.1
801k-850k 1 2 0.3 3
851k-900k 5 1 1 0 30
951k-1m 1 1 1 0.2 6
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 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
201k-225k 1 0.2 0
226k-250k 1 5 0.8 1.2
251k-275k 2 3 1 0.3 4
276k-300k 2 0
301k-325k 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
176k-200k 1 0
201k-225k 3 1 0.1 18
226k-250k 7 1 1 0 42
251k-275k 7 3 1 0.1 14
276k-300k 3 0
351k-375k 1 0

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
-24,000-0 1 0
1k-25k 978 496 91 0.1 11.8
26k-50k 826 74 18 0 67
51k-75k 113 7 0 96.9
76k-100k 19 5 0 22.8
101k-125k 8 4 2 0.1 12
126k-150k 3 0
151k-175k 2 0
176k-200k 1 0
201k-225k 2 0
226k-250k 3 0
251k-275k 2 0
276k-300k 1 0
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 4 0
426k-450k 4 0
451k-475k 3 0
476k-500k 2 0
501k-550k 1 0
551k-600k 3 0
751k-800k 2 0
851k-900k 1 0
901k-950k 1 0
1.1m-1.2m 3 0
1.6m-1.7m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
7.01m-8m 1 0
9.01m-10m 1 0