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
1k-25k 1 0.2 0
51k-75k 1 0.2 0
101k-125k 1 4 1 0.7 1.5
126k-150k 4 5 2 0.2 4.8
151k-175k 5 18 3 0.6 1.7
176k-200k 14 24 6 0.3 3.5
201k-225k 22 35 7 0.3 3.8
226k-250k 41 51 14 0.2 4.8
251k-275k 44 102 13 0.4 2.6
276k-300k 67 143 14 0.4 2.8
301k-325k 75 162 15 0.4 2.8
326k-350k 156 133 24 0.1 7
351k-375k 95 83 9 0.1 6.9
376k-400k 105 79 13 0.1 8
401k-425k 44 31 3 0.1 8.5
426k-450k 50 45 3 0.2 6.7
451k-475k 22 30 2 0.2 4.4
476k-500k 41 15 0.1 16.4
501k-550k 33 17 0.1 11.6
551k-600k 17 12 2 0.1 8.5
601k-650k 11 8 0.1 8.3
651k-700k 11 9 0.1 7.3
701k-750k 3 9 0.5 2
751k-800k 4 1 0 24
801k-850k 2 1 0.1 12
851k-900k 2 3 1 0.3 4
901k-950k 1 1 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 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
176k-200k 1 0
201k-225k 2 0.3 0
226k-250k 2 2 1 0.2 6
251k-275k 2 2 0.2 6
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 2 3 1 0.3 4
201k-225k 7 3 0.1 14
226k-250k 8 2 0 24
251k-275k 4 1 0 24
276k-300k 1 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 1053 493 53 0.1 12.8
26k-50k 747 67 5 0 66.9
51k-75k 100 9 1 0 66.7
76k-100k 21 5 1 0 25.2
101k-125k 7 3 0.1 14
126k-150k 6 1 0 36
151k-175k 2 0
176k-200k 2 0
201k-225k 3 0
226k-250k 3 0
251k-275k 2 1 0.1 12
301k-325k 2 0
326k-350k 2 1 0.1 12
351k-375k 3 2 0.1 9
376k-400k 1 1 0.2 6
401k-425k 2 0
426k-450k 3 0
476k-500k 4 0
501k-550k 1 0
551k-600k 2 0
601k-650k 1 1 0.2 6
751k-800k 1 0
801k-850k 1 0
851k-900k 2 0
901k-950k 3 0
1.1m-1.2m 1 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