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 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 1 0.2 0
1k-25k 1 0.2 0
51k-75k 3 1 0.5 0
76k-100k 3 6 0.3 3
101k-125k 4 11 3 0.5 2.2
126k-150k 9 33 7 0.6 1.6
151k-175k 21 35 5 0.3 3.6
176k-200k 47 68 6 0.2 4.1
201k-225k 55 81 10 0.2 4.1
226k-250k 68 113 31 0.3 3.6
251k-275k 74 99 20 0.2 4.5
276k-300k 142 163 15 0.2 5.2
301k-325k 96 118 12 0.2 4.9
326k-350k 131 90 11 0.1 8.7
351k-375k 122 69 10 0.1 10.6
376k-400k 104 64 6 0.1 9.8
401k-425k 51 49 7 0.2 6.2
426k-450k 54 52 4 0.2 6.2
451k-475k 38 21 2 0.1 10.9
476k-500k 48 19 1 0.1 15.2
501k-550k 82 43 4 0.1 11.4
551k-600k 60 29 4 0.1 12.4
601k-650k 40 16 1 0.1 15
651k-700k 62 15 0 24.8
701k-750k 22 11 3 0.1 12
751k-800k 33 11 1 0.1 18
801k-850k 21 3 0 42
851k-900k 23 2 0 69
901k-950k 13 5 0.1 15.6
951k-1m 14 3 0 28
1m-1.1m 14 2 0 42
1.1m-1.2m 16 0
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 5 1 0 30
1.4m-1.5m 7 0
1.5m-1.6m 2 0
1.6m-1.7m 4 1 0 24
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 5 0
3m-3.5m 1 0.2 0
4m-4.5m 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
101k-125k 1 0.2 0
226k-250k 2 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
26k-50k 3 0.5 0
51k-75k 2 14 3 1.2 0.9
76k-100k 17 13 1 0.1 7.8
101k-125k 24 24 4 0.2 6
126k-150k 27 12 2 0.1 13.5
151k-175k 18 4 0 27
176k-200k 6 5 0.1 7.2
201k-225k 4 1 0 24
226k-250k 12 5 0.1 14.4
251k-275k 6 1 0 36
276k-300k 6 0
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
451k-475k 1 0
501k-550k 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 4 0
1k-25k 1588 449 67 0 21.2
26k-50k 1069 106 17 0 60.5
51k-75k 178 14 4 0 76.3
76k-100k 202 21 4 0 57.7
101k-125k 105 8 3 0 78.8
126k-150k 67 9 4 0 44.7
151k-175k 40 6 0 40
176k-200k 39 1 0 234
201k-225k 14 1 0 84
226k-250k 17 0
251k-275k 5 0
276k-300k 9 0
301k-325k 4 0
326k-350k 8 0
351k-375k 6 1 0 36
376k-400k 8 0
401k-425k 3 0
426k-450k 4 0
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 4 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 4 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 0
3m-3.5m 1 0
4m-4.5m 1 0