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
76k-100k 3 1 0.5 0
101k-125k 3 1 0.5 0
126k-150k 2 9 1 0.8 1.3
151k-175k 8 17 2 0.4 2.8
176k-200k 10 28 4 0.5 2.1
201k-225k 21 33 3 0.3 3.8
226k-250k 25 59 10 0.4 2.5
251k-275k 39 84 10 0.4 2.8
276k-300k 79 111 17 0.2 4.3
301k-325k 82 131 24 0.3 3.8
326k-350k 155 123 21 0.1 7.6
351k-375k 103 72 11 0.1 8.6
376k-400k 85 69 6 0.1 7.4
401k-425k 33 29 7 0.1 6.8
426k-450k 34 26 5 0.1 7.8
451k-475k 25 13 2 0.1 11.5
476k-500k 30 11 2 0.1 16.4
501k-550k 27 19 5 0.1 8.5
551k-600k 14 14 2 0.2 6
601k-650k 11 5 2 0.1 13.2
651k-700k 17 9 0.1 11.3
701k-750k 4 0
751k-800k 2 4 1 0.3 3
801k-850k 2 1 0.1 12
851k-900k 3 1 0.1 18
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
3.5m-4m 1 0

Townhouses % 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 2 2 1 0.2 6
226k-250k 3 2 0.1 9
251k-275k 3 0
301k-325k 1 0

Condos % 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 1 0.2 0
176k-200k 5 2 0.1 15
201k-225k 7 2 0 21
226k-250k 8 1 0 48
251k-275k 4 0
326k-350k 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
1k-25k 1140 387 50 0.1 17.7
26k-50k 672 47 4 0 85.8
51k-75k 89 11 0 48.5
76k-100k 15 2 0 45
101k-125k 3 0
126k-150k 4 1 0 24
151k-175k 1 1 0.2 6
176k-200k 2 1 0.1 12
201k-225k 3 0
226k-250k 2 0
251k-275k 2 0
276k-300k 1 0
301k-325k 1 0.2 0
326k-350k 6 0
351k-375k 2 0
376k-400k 1 0
426k-450k 3 0
451k-475k 2 0
476k-500k 3 0
501k-550k 1 0
551k-600k 2 0
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 2 0
851k-900k 3 0
951k-1m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.75m-3m 1 0
7.01m-8m 1 0
9.01m-10m 1 0