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 0.2 0
51k-75k 1 4 0.7 1.5
76k-100k 4 3 1 0.1 8
101k-125k 3 13 1 0.7 1.4
126k-150k 12 33 8 0.5 2.2
151k-175k 30 44 6 0.2 4.1
176k-200k 41 53 7 0.2 4.6
201k-225k 38 91 16 0.4 2.5
226k-250k 74 115 14 0.3 3.9
251k-275k 68 149 26 0.4 2.7
276k-300k 113 167 32 0.2 4.1
301k-325k 95 108 23 0.2 5.3
326k-350k 136 105 21 0.1 7.8
351k-375k 89 73 12 0.1 7.3
376k-400k 98 61 9 0.1 9.6
401k-425k 63 46 11 0.1 8.2
426k-450k 57 29 3 0.1 11.8
451k-475k 33 23 10 0.1 8.6
476k-500k 46 24 9 0.1 11.5
501k-550k 73 40 8 0.1 11
551k-600k 47 26 4 0.1 10.8
601k-650k 44 19 2 0.1 13.9
651k-700k 47 14 4 0 20.1
701k-750k 27 17 6 0.1 9.5
751k-800k 21 7 1 0.1 18
801k-850k 17 11 0.1 9.3
851k-900k 24 4 1 0 36
901k-950k 18 6 1 0.1 18
951k-1m 14 5 2 0.1 16.8
1m-1.1m 6 1 0 36
1.1m-1.2m 17 1 0 102
1.2m-1.3m 8 2 1 0 24
1.3m-1.4m 6 6 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 2 0
1.8m-1.9m 2 1 1 0.1 12
1.9m-2m 2 0
2m-2.25m 2 0
2.25m-2.5m 5 0
3m-3.5m 2 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
101k-125k 1 0
226k-250k 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
51k-75k 4 12 1 0.5 2
76k-100k 18 13 2 0.1 8.3
101k-125k 24 15 1 0.1 9.6
126k-150k 30 12 1 0.1 15
151k-175k 12 5 2 0.1 14.4
176k-200k 6 6 3 0.2 6
201k-225k 10 3 1 0.1 20
226k-250k 9 8 3 0.1 6.8
251k-275k 3 4 0.2 4.5
276k-300k 6 0
301k-325k 1 1 0.2 6
326k-350k 1 0
476k-500k 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 1575 509 109 0.1 18.6
26k-50k 1026 94 17 0 65.5
51k-75k 183 17 2 0 64.6
76k-100k 206 19 6 0 65.1
101k-125k 99 15 4 0 39.6
126k-150k 79 17 2 0 27.9
151k-175k 33 4 0 49.5
176k-200k 36 2 1 0 108
201k-225k 13 2 0 39
226k-250k 23 0
251k-275k 3 0
276k-300k 6 1 0 36
301k-325k 2 1 0.1 12
326k-350k 10 0
351k-375k 2 1 1 0.1 12
376k-400k 9 0
401k-425k 1 0
426k-450k 2 0
476k-500k 2 0
501k-550k 3 0
551k-600k 3 0
601k-650k 2 0
701k-750k 1 1 1 0.2 6
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 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