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 1 0.2 0
51k-75k 2 2 0.3 0
76k-100k 7 1 1.2 0
101k-125k 3 13 2 0.7 1.4
126k-150k 4 28 8 1.2 0.9
151k-175k 16 42 12 0.4 2.3
176k-200k 38 84 14 0.4 2.7
201k-225k 55 84 8 0.3 3.9
226k-250k 84 96 14 0.2 5.3
251k-275k 78 128 12 0.3 3.7
276k-300k 148 186 29 0.2 4.8
301k-325k 117 146 15 0.2 4.8
326k-350k 138 119 7 0.1 7
351k-375k 93 81 13 0.1 6.9
376k-400k 113 53 10 0.1 12.8
401k-425k 48 41 4 0.1 7
426k-450k 58 46 11 0.1 7.6
451k-475k 34 21 4 0.1 9.7
476k-500k 45 21 5 0.1 12.9
501k-550k 77 39 2 0.1 11.8
551k-600k 53 28 5 0.1 11.4
601k-650k 35 18 1 0.1 11.7
651k-700k 39 17 4 0.1 13.8
701k-750k 28 11 2 0.1 15.3
751k-800k 22 8 3 0.1 16.5
801k-850k 14 7 0.1 12
851k-900k 24 7 1 0 20.6
901k-950k 12 4 0.1 18
951k-1m 13 4 0.1 19.5
1m-1.1m 5 5 2 0.2 6
1.1m-1.2m 12 0
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 2 0
1.4m-1.5m 5 0
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 4 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 2 1 0.3 0
226k-250k 1 0
301k-325k 1 0
326k-350k 1 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 4 8 2 0.3 3
76k-100k 20 6 1 0.1 20
101k-125k 13 19 6 0.2 4.1
126k-150k 32 17 0.1 11.3
151k-175k 18 7 0.1 15.4
176k-200k 5 4 1 0.1 7.5
201k-225k 2 5 0.4 2.4
226k-250k 9 10 0.2 5.4
251k-275k 2 2 0.2 6
276k-300k 2 2 0.2 6
301k-325k 2 0.3 0
326k-350k 2 2 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 4 0
1k-25k 1520 428 64 0 21.3
26k-50k 1106 81 13 0 81.9
51k-75k 190 20 2 0 57
76k-100k 171 32 3 0 32.1
101k-125k 107 10 2 0 64.2
126k-150k 72 10 2 0 43.2
151k-175k 44 3 1 0 88
176k-200k 34 0
201k-225k 18 2 0 54
226k-250k 19 2 0 57
251k-275k 3 1 0.1 18
276k-300k 14 2 0 42
301k-325k 1 0
326k-350k 6 0
351k-375k 2 0
376k-400k 7 0
401k-425k 1 0
426k-450k 5 0
501k-550k 2 0
551k-600k 6 0
601k-650k 2 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2.5m-2.75m 2 0
2.75m-3m 3 0
4m-4.5m 2 0