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 Since 12/31 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
76k-100k 1 0.2 0
101k-125k 3 1 0.5 0
126k-150k 5 2 0.8 0
151k-175k 3 0.5 0
176k-200k 4 12 3 0.5 2
201k-225k 3 11 1 0.6 1.6
226k-250k 14 10 2 0.1 8.4
251k-275k 21 21 6 0.2 6
276k-300k 31 37 11 0.2 5
301k-325k 45 44 6 0.2 6.1
326k-350k 68 72 11 0.2 5.7
351k-375k 43 60 10 0.2 4.3
376k-400k 96 76 19 0.1 7.6
401k-425k 41 46 6 0.2 5.3
426k-450k 74 51 13 0.1 8.7
451k-475k 47 32 4 0.1 8.8
476k-500k 57 27 5 0.1 12.7
501k-550k 68 43 9 0.1 9.5
551k-600k 57 42 8 0.1 8.1
601k-650k 65 37 15 0.1 10.5
651k-700k 42 27 7 0.1 9.3
701k-750k 32 34 5 0.2 5.6
751k-800k 42 17 7 0.1 14.8
801k-850k 21 18 6 0.1 7
851k-900k 24 11 6 0.1 13.1
901k-950k 24 11 3 0.1 13.1
951k-1m 17 6 2 0.1 17
1m-1.1m 15 21 4 0.2 4.3
1.1m-1.2m 25 3 0 50
1.2m-1.3m 9 7 1 0.1 7.7
1.3m-1.4m 7 4 0.1 10.5
1.4m-1.5m 6 5 3 0.1 7.2
1.5m-1.6m 6 4 1 0.1 9
1.6m-1.7m 8 5 0.1 9.6
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 4 1 0.2 4.5
1.9m-2m 5 0
2m-2.25m 3 3 0.2 6
2.25m-2.5m 4 1 0 24
2.5m-2.75m 2 1 0.1 12
2.75m-3m 1 1 0.2 6
3m-3.5m 2 1 0.3 0

Townhouses 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 0
226k-250k 1 1 0.2 0
251k-275k 3 1 1 0.1 18
276k-300k 2 0
301k-325k 1 0
326k-350k 2 1 0.3 0
351k-375k 1 0
376k-400k 1 1 0.2 6
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 0

Condos 6% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 5 3 1 0.1 10
126k-150k 2 7 3 0.6 1.7
151k-175k 8 15 6 0.3 3.2
176k-200k 38 13 4 0.1 17.5
201k-225k 30 14 7 0.1 12.9
226k-250k 20 17 4 0.1 7.1
251k-275k 16 16 4 0.2 6
276k-300k 38 26 5 0.1 8.8
301k-325k 42 27 4 0.1 9.3
326k-350k 22 20 5 0.2 6.6
351k-375k 19 11 2 0.1 10.4
376k-400k 27 15 2 0.1 10.8
401k-425k 15 10 1 0.1 9
426k-450k 26 17 3 0.1 9.2
451k-475k 15 3 1 0 30
476k-500k 16 3 1 0 32
501k-550k 23 8 1 0.1 17.3
551k-600k 14 5 1 0.1 16.8
601k-650k 4 2 0.1 12
651k-700k 5 3 0.1 10
701k-750k 4 5 1 0.2 4.8
751k-800k 5 2 0.1 15
801k-850k 2 0
851k-900k 2 0
901k-950k 1 0
1.1m-1.2m 2 0

Land 3% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 360 295 56 0.1 7.3
26k-50k 333 135 21 0.1 14.8
51k-75k 135 51 16 0.1 15.9
76k-100k 68 18 4 0 22.7
101k-125k 43 19 7 0.1 13.6
126k-150k 27 14 3 0.1 11.6
151k-175k 15 10 3 0.1 9
176k-200k 16 7 1 0.1 13.7
201k-225k 23 3 0 46
226k-250k 17 6 1 0.1 17
251k-275k 10 2 0 30
276k-300k 25 7 3 0 21.4
301k-325k 13 2 0 39
326k-350k 13 0
351k-375k 8 1 0 48
376k-400k 9 0
401k-425k 3 3 1 0.2 6
426k-450k 11 2 0 33
451k-475k 5 0
476k-500k 8 2 0 24
501k-550k 7 1 0 42
551k-600k 7 0
601k-650k 6 0
651k-700k 7 1 0 42
701k-750k 2 0
751k-800k 5 0
801k-850k 1 0.2 0
851k-900k 4 0
951k-1m 5 3 0.1 10
1m-1.1m 4 0
1.1m-1.2m 3 0
1.2m-1.3m 2 1 1 0.1 12
1.4m-1.5m 5 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 3 0
2.5m-2.75m 1 0
3m-3.5m 3 0
5.01m-6m 1 0
7.01m-8m 1 0
13.01m-14m 1 0
15.01m-16m 1 0