Supply & Demand in Punta Gorda, 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 5% 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
51k-75k 1 0.2 0
76k-100k 8 1 1.3 0
101k-125k 1 9 4 1.5 0.7
126k-150k 5 10 2 0.3 3
151k-175k 9 11 0.2 4.9
176k-200k 16 16 3 0.2 6
201k-225k 18 19 2 0.2 5.7
226k-250k 21 27 4 0.2 4.7
251k-275k 36 42 13 0.2 5.1
276k-300k 85 86 17 0.2 5.9
301k-325k 72 91 17 0.2 4.7
326k-350k 105 86 29 0.1 7.3
351k-375k 92 92 16 0.2 6
376k-400k 107 73 11 0.1 8.8
401k-425k 57 43 12 0.1 8
426k-450k 70 32 9 0.1 13.1
451k-475k 60 35 8 0.1 10.3
476k-500k 67 31 8 0.1 13
501k-550k 82 61 12 0.1 8.1
551k-600k 90 39 11 0.1 13.8
601k-650k 67 28 3 0.1 14.4
651k-700k 62 28 6 0.1 13.3
701k-750k 41 18 9 0.1 13.7
751k-800k 47 18 5 0.1 15.7
801k-850k 28 15 1 0.1 11.2
851k-900k 21 9 4 0.1 14
901k-950k 19 10 0.1 11.4
951k-1m 23 12 2 0.1 11.5
1m-1.1m 21 10 4 0.1 12.6
1.1m-1.2m 23 5 1 0 27.6
1.2m-1.3m 14 7 1 0.1 12
1.3m-1.4m 10 3 0.1 20
1.4m-1.5m 10 6 0.1 10
1.5m-1.6m 8 5 0.1 9.6
1.6m-1.7m 8 2 0 24
1.7m-1.8m 5 1 0 30
1.8m-1.9m 8 4 2 0.1 12
1.9m-2m 6 0
2m-2.25m 2 0
2.25m-2.5m 4 0
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 0
3m-3.5m 2 0
3.5m-4m 2 0

Townhouses 5% 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
151k-175k 3 0
176k-200k 1 0
201k-225k 6 0
226k-250k 4 0
251k-275k 4 1 0 24
276k-300k 5 4 2 0.1 7.5
301k-325k 1 3 0.5 2
326k-350k 2 3 0.3 4
351k-375k 2 2 0.2 6
376k-400k 2 0
401k-425k 2 0
426k-450k 2 0
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0

Condos 4% 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 1 0.2 0
76k-100k 5 4 1 0.1 7.5
101k-125k 9 9 1 0.2 6
126k-150k 32 26 8 0.1 7.4
151k-175k 54 21 7 0.1 15.4
176k-200k 50 9 3 0 33.3
201k-225k 41 20 8 0.1 12.3
226k-250k 46 13 5 0 21.2
251k-275k 31 20 7 0.1 9.3
276k-300k 62 22 5 0.1 16.9
301k-325k 30 8 1 0 22.5
326k-350k 38 18 3 0.1 12.7
351k-375k 25 17 1 0.1 8.8
376k-400k 41 11 3 0 22.4
401k-425k 15 17 4 0.2 5.3
426k-450k 23 13 4 0.1 10.6
451k-475k 19 4 1 0 28.5
476k-500k 22 7 2 0.1 18.9
501k-550k 18 6 2 0.1 18
551k-600k 17 4 2 0 25.5
601k-650k 8 1 0 48
651k-700k 16 0
701k-750k 9 3 0.1 18
751k-800k 3 0
801k-850k 2 0
851k-900k 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0

Land 3% 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 470 169 32 0.1 16.7
26k-50k 406 102 13 0 23.9
51k-75k 182 35 14 0 31.2
76k-100k 101 20 6 0 30.3
101k-125k 49 4 1 0 73.5
126k-150k 32 10 4 0.1 19.2
151k-175k 22 8 0.1 16.5
176k-200k 22 4 1 0 33
201k-225k 15 5 0.1 18
226k-250k 17 2 0 51
251k-275k 10 3 0.1 20
276k-300k 32 7 0 27.4
301k-325k 4 2 0.1 12
326k-350k 10 4 0.1 15
351k-375k 6 2 1 0.1 18
376k-400k 21 2 1 0 63
401k-425k 7 2 0 21
426k-450k 8 2 0 24
451k-475k 7 1 0 42
476k-500k 15 4 3 0 22.5
501k-550k 8 1 0 48
551k-600k 4 1 0 24
601k-650k 2 0
651k-700k 7 1 0 42
701k-750k 5 0
751k-800k 5 0
801k-850k 1 0
851k-900k 2 1 0.1 12
901k-950k 2 0
951k-1m 5 1 0 30
1m-1.1m 4 0
1.1m-1.2m 6 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 1 0.1 18
2m-2.25m 2 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3m-3.5m 3 0
3.5m-4m 3 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0
15.01m-16m 1 0