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
1k-25k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 2 7 2 0.6 1.7
101k-125k 6 13 3 0.4 2.8
126k-150k 11 30 7 0.5 2.2
151k-175k 19 38 5 0.3 3
176k-200k 41 78 14 0.3 3.2
201k-225k 50 83 17 0.3 3.6
226k-250k 82 98 22 0.2 5
251k-275k 89 127 12 0.2 4.2
276k-300k 148 190 31 0.2 4.7
301k-325k 111 148 21 0.2 4.5
326k-350k 136 104 17 0.1 7.8
351k-375k 108 74 12 0.1 8.8
376k-400k 108 52 11 0.1 12.5
401k-425k 49 43 14 0.1 6.8
426k-450k 51 50 9 0.2 6.1
451k-475k 34 26 7 0.1 7.8
476k-500k 52 17 1 0.1 18.4
501k-550k 69 41 8 0.1 10.1
551k-600k 54 28 6 0.1 11.6
601k-650k 37 17 7 0.1 13.1
651k-700k 40 19 5 0.1 12.6
701k-750k 28 10 1 0.1 16.8
751k-800k 20 8 3 0.1 15
801k-850k 14 1 0 84
851k-900k 28 5 0 33.6
901k-950k 12 5 4 0.1 14.4
951k-1m 15 5 0.1 18
1m-1.1m 9 6 1 0.1 9
1.1m-1.2m 15 0
1.2m-1.3m 7 4 0.1 10.5
1.3m-1.4m 5 1 1 0 30
1.4m-1.5m 8 0
1.5m-1.6m 4 1 0 24
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 0
3m-3.5m 1 1 0.2 0
4m-4.5m 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
101k-125k 1 0.2 0
226k-250k 1 0
276k-300k 2 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
26k-50k 5 1 0.8 0
51k-75k 3 11 4 0.6 1.6
76k-100k 22 6 1 0 22
101k-125k 15 23 4 0.3 3.9
126k-150k 30 15 3 0.1 12
151k-175k 15 7 2 0.1 12.9
176k-200k 4 4 1 0.2 6
201k-225k 3 2 0.1 9
226k-250k 8 8 1 0.2 6
251k-275k 4 1 0 24
276k-300k 5 0
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
551k-600k 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 3 0
1k-25k 1575 396 67 0 23.9
26k-50k 1072 84 18 0 76.6
51k-75k 198 17 2 0 69.9
76k-100k 177 23 4 0 46.2
101k-125k 114 10 2 0 68.4
126k-150k 76 8 1 0 57
151k-175k 46 5 0 55.2
176k-200k 37 2 1 0 111
201k-225k 17 2 0 51
226k-250k 23 1 0 138
251k-275k 3 1 0.1 18
276k-300k 11 0
301k-325k 3 0
326k-350k 7 0
351k-375k 4 1 0 24
376k-400k 10 0
401k-425k 3 0
426k-450k 4 0
476k-500k 1 0.2 0
501k-550k 2 1 1 0.1 12
551k-600k 6 0
601k-650k 2 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 2 0
951k-1m 4 0
1.1m-1.2m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 1 0
2.75m-3m 3 0
4m-4.5m 2 0