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
1k-25k 1 0.2 0
51k-75k 1 2 0.3 3
76k-100k 2 8 2 0.7 1.5
101k-125k 5 10 1 0.3 3
126k-150k 10 30 4 0.5 2
151k-175k 14 33 4 0.4 2.5
176k-200k 45 82 16 0.3 3.3
201k-225k 42 92 17 0.4 2.7
226k-250k 83 100 19 0.2 5
251k-275k 78 102 11 0.2 4.6
276k-300k 144 179 31 0.2 4.8
301k-325k 96 138 20 0.2 4.2
326k-350k 145 101 15 0.1 8.6
351k-375k 125 73 10 0.1 10.3
376k-400k 106 61 14 0.1 10.4
401k-425k 48 44 6 0.2 6.5
426k-450k 57 56 6 0.2 6.1
451k-475k 33 22 2 0.1 9
476k-500k 49 17 3 0.1 17.3
501k-550k 68 43 9 0.1 9.5
551k-600k 57 28 3 0.1 12.2
601k-650k 36 16 2 0.1 13.5
651k-700k 53 16 1 0.1 19.9
701k-750k 24 9 1 0.1 16
751k-800k 32 11 2 0.1 17.5
801k-850k 13 2 1 0 39
851k-900k 26 3 1 0 52
901k-950k 17 5 0 20.4
951k-1m 15 3 0 30
1m-1.1m 16 4 0 24
1.1m-1.2m 13 0
1.2m-1.3m 4 4 1 0.2 6
1.3m-1.4m 5 1 0 30
1.4m-1.5m 9 0
1.5m-1.6m 3 0
1.6m-1.7m 3 1 1 0.1 18
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 3 0
3m-3.5m 1 1 0.2 6
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 1 0
251k-275k 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
26k-50k 5 0.8 0
51k-75k 4 14 4 0.6 1.7
76k-100k 16 10 5 0.1 9.6
101k-125k 25 21 3 0.1 7.1
126k-150k 26 14 0.1 11.1
151k-175k 15 5 1 0.1 18
176k-200k 6 4 1 0.1 9
201k-225k 3 1 0.1 18
226k-250k 10 5 1 0.1 12
251k-275k 8 0
276k-300k 7 0
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
501k-550k 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 1631 431 75 0 22.7
26k-50k 1118 96 18 0 69.9
51k-75k 201 20 2 0 60.3
76k-100k 195 25 1 0 46.8
101k-125k 122 6 0 122
126k-150k 69 6 1 0 69
151k-175k 39 6 1 0 39
176k-200k 44 1 0 264
201k-225k 17 1 0 102
226k-250k 20 0
251k-275k 4 0
276k-300k 6 0
301k-325k 5 0
326k-350k 7 0
351k-375k 5 1 0 30
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 2 0
651k-700k 1 0
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 4 0
1.1m-1.2m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 0
3m-3.5m 1 0
4m-4.5m 1 0