Supply & Demand in Punta Gorda, 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 6% 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
26k-50k 1 0.2 0
51k-75k 3 1 0.5 0
76k-100k 1 0
101k-125k 2 3 0.3 4
126k-150k 2 10 3 0.8 1.2
151k-175k 9 12 1 0.2 4.5
176k-200k 17 17 3 0.2 6
201k-225k 5 18 3 0.6 1.7
226k-250k 32 54 14 0.3 3.6
251k-275k 34 86 9 0.4 2.4
276k-300k 81 74 20 0.2 6.6
301k-325k 81 64 11 0.1 7.6
326k-350k 97 83 13 0.1 7
351k-375k 67 67 13 0.2 6
376k-400k 91 55 6 0.1 9.9
401k-425k 54 52 9 0.2 6.2
426k-450k 51 52 8 0.2 5.9
451k-475k 44 38 2 0.1 6.9
476k-500k 70 33 7 0.1 12.7
501k-550k 76 47 12 0.1 9.7
551k-600k 82 46 12 0.1 10.7
601k-650k 45 33 8 0.1 8.2
651k-700k 54 28 6 0.1 11.6
701k-750k 49 22 6 0.1 13.4
751k-800k 46 18 3 0.1 15.3
801k-850k 18 12 0.1 9
851k-900k 19 7 2 0.1 16.3
901k-950k 19 6 1 0.1 19
951k-1m 17 8 1 0.1 12.8
1m-1.1m 7 7 0.2 6
1.1m-1.2m 17 7 1 0.1 14.6
1.2m-1.3m 11 8 3 0.1 8.3
1.3m-1.4m 11 2 0 33
1.4m-1.5m 10 4 0.1 15
1.5m-1.6m 5 3 1 0.1 10
1.6m-1.7m 4 1 0 24
1.7m-1.8m 8 0
1.8m-1.9m 8 0
1.9m-2m 9 0
2m-2.25m 3 2 0.1 9
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 1 1 0.1 12

Townhouses 4% 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
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 8 3 2 0.1 16
201k-225k 5 3 1 0.1 10
226k-250k 2 4 0.3 3
251k-275k 1 2 1 0.3 3
276k-300k 2 0.3 0
301k-325k 1 3 0.5 2
326k-350k 3 2 0.1 9
351k-375k 1 1 0.2 6
376k-400k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 1 1 1 0.2 6
476k-500k 2 1 0.1 12
501k-550k 1 0.2 0
651k-700k 1 0

Condos 5% 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 0.7 0
76k-100k 9 4 0.1 13.5
101k-125k 15 16 3 0.2 5.6
126k-150k 51 28 4 0.1 10.9
151k-175k 30 27 3 0.2 6.7
176k-200k 39 25 7 0.1 9.4
201k-225k 23 30 9 0.2 4.6
226k-250k 37 22 11 0.1 10.1
251k-275k 37 18 4 0.1 12.3
276k-300k 42 16 7 0.1 15.8
301k-325k 33 8 2 0 24.8
326k-350k 31 13 0.1 14.3
351k-375k 30 9 3 0.1 20
376k-400k 24 8 2 0.1 18
401k-425k 10 9 1 0.2 6.7
426k-450k 20 7 2 0.1 17.1
451k-475k 10 4 0.1 15
476k-500k 9 3 0.1 18
501k-550k 16 2 0 48
551k-600k 11 3 0 22
601k-650k 13 2 0 39
651k-700k 8 1 0 48
701k-750k 5 1 0 30
751k-800k 4 2 0.1 12
801k-850k 2 0
851k-900k 1 1 0.2 6
1m-1.1m 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
1k-25k 510 170 40 0.1 18
26k-50k 411 53 11 0 46.5
51k-75k 138 34 2 0 24.4
76k-100k 81 20 4 0 24.3
101k-125k 40 6 2 0 40
126k-150k 26 6 0 26
151k-175k 31 6 2 0 31
176k-200k 26 2 0 78
201k-225k 22 2 1 0 66
226k-250k 22 1 0 132
251k-275k 11 1 1 0 66
276k-300k 20 2 0 60
301k-325k 7 1 0 42
326k-350k 16 2 0 48
351k-375k 11 1 0 66
376k-400k 15 1 1 0 90
401k-425k 8 3 1 0.1 16
426k-450k 8 3 0.1 16
451k-475k 7 0
476k-500k 9 3 1 0.1 18
501k-550k 8 0
551k-600k 5 0
601k-650k 3 0
651k-700k 5 1 0 30
701k-750k 5 3 1 0.1 10
751k-800k 2 1 0.1 12
801k-850k 3 0
851k-900k 2 0
901k-950k 3 1 1 0.1 18
951k-1m 3 1 0.1 18
1m-1.1m 4 0
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 6 0
2m-2.25m 4 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0