Supply & Demand in Port Charlotte, 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 1% 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 1 0.2 0
51k-75k 1 4 2 0.7 1.5
76k-100k 3 6 1 0.3 3
101k-125k 3 12 1 0.7 1.5
126k-150k 5 35 5 1.2 0.9
151k-175k 19 32 11 0.3 3.6
176k-200k 38 60 9 0.3 3.8
201k-225k 47 86 13 0.3 3.3
226k-250k 64 118 16 0.3 3.3
251k-275k 75 110 29 0.2 4.1
276k-300k 127 168 36 0.2 4.5
301k-325k 88 106 16 0.2 5
326k-350k 130 90 13 0.1 8.7
351k-375k 101 69 15 0.1 8.8
376k-400k 94 63 11 0.1 9
401k-425k 50 42 4 0.1 7.1
426k-450k 54 40 5 0.1 8.1
451k-475k 42 23 7 0.1 11
476k-500k 55 14 2 0 23.6
501k-550k 81 44 8 0.1 11
551k-600k 47 26 4 0.1 10.8
601k-650k 44 16 3 0.1 16.5
651k-700k 56 12 2 0 28
701k-750k 24 12 2 0.1 12
751k-800k 34 8 0 25.5
801k-850k 18 10 5 0.1 10.8
851k-900k 21 3 2 0 42
901k-950k 12 7 2 0.1 10.3
951k-1m 22 5 1 0 26.4
1m-1.1m 7 0
1.1m-1.2m 14 0
1.2m-1.3m 8 2 0 24
1.3m-1.4m 11 7 4 0.1 9.4
1.4m-1.5m 4 1 1 0 24
1.5m-1.6m 3 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 3 0
1.9m-2m 3 0
2m-2.25m 1 0
2.25m-2.5m 6 0
3m-3.5m 2 1 0.3 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
126k-150k 1 0
151k-175k 1 0
226k-250k 1 0

Condos 1% 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 2 12 1 1
76k-100k 22 14 1 0.1 9.4
101k-125k 28 19 1 0.1 8.8
126k-150k 20 13 3 0.1 9.2
151k-175k 21 5 1 0 25.2
176k-200k 6 3 0.1 12
201k-225k 7 2 1 0 21
226k-250k 9 6 0.1 9
251k-275k 6 3 1 0.1 12
276k-300k 8 0
326k-350k 1 0
451k-475k 1 0
476k-500k 1 0

Land 1% 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 4 0
1k-25k 1532 467 92 0.1 19.7
26k-50k 1051 103 19 0 61.2
51k-75k 171 14 5 0 73.3
76k-100k 206 25 7 0 49.4
101k-125k 103 9 2 0 68.7
126k-150k 67 10 4 0 40.2
151k-175k 37 4 0 55.5
176k-200k 39 1 0 234
201k-225k 14 3 1 0 28
226k-250k 20 0
251k-275k 3 0
276k-300k 7 1 0 42
301k-325k 1 0
326k-350k 7 0
351k-375k 4 1 0 24
376k-400k 10 0
401k-425k 4 0
426k-450k 4 0
476k-500k 1 1 0.2 6
501k-550k 2 1 0.1 12
551k-600k 3 0
601k-650k 4 0
751k-800k 1 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0