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 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
1k-25k 1 1 0.2 0
26k-50k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 2 0
101k-125k 3 1 0.5 0
126k-150k 2 10 0.8 1.2
151k-175k 5 14 5 0.5 2.1
176k-200k 14 20 2 0.2 4.2
201k-225k 7 13 3 0.3 3.2
226k-250k 31 52 4 0.3 3.6
251k-275k 42 75 10 0.3 3.4
276k-300k 84 70 9 0.1 7.2
301k-325k 87 64 12 0.1 8.2
326k-350k 97 88 14 0.2 6.6
351k-375k 73 62 8 0.1 7.1
376k-400k 79 60 8 0.1 7.9
401k-425k 53 48 3 0.2 6.6
426k-450k 61 51 9 0.1 7.2
451k-475k 37 43 9 0.2 5.2
476k-500k 57 34 8 0.1 10.1
501k-550k 80 49 7 0.1 9.8
551k-600k 81 42 8 0.1 11.6
601k-650k 53 35 9 0.1 9.1
651k-700k 52 28 5 0.1 11.1
701k-750k 42 23 4 0.1 11
751k-800k 51 20 3 0.1 15.3
801k-850k 26 16 4 0.1 9.8
851k-900k 19 6 0.1 19
901k-950k 18 6 2 0.1 18
951k-1m 19 8 3 0.1 14.3
1m-1.1m 11 8 2 0.1 8.3
1.1m-1.2m 16 9 1 0.1 10.7
1.2m-1.3m 14 6 3 0.1 14
1.3m-1.4m 10 2 0 30
1.4m-1.5m 11 3 0 22
1.5m-1.6m 6 2 1 0.1 18
1.6m-1.7m 4 1 0 24
1.7m-1.8m 3 0
1.8m-1.9m 9 0
1.9m-2m 10 0
2m-2.25m 2 2 0.2 6
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 1 0.2 6

Townhouses 9% 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 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 8 0
201k-225k 4 2 0.1 12
226k-250k 5 3 1 0.1 10
251k-275k 2 1 0.1 12
276k-300k 2 0.3 0
301k-325k 1 3 0.5 2
326k-350k 1 3 1 0.5 2
351k-375k 1 1 0.2 6
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 1 0
476k-500k 3 1 0.1 18
651k-700k 1 0

Condos 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
51k-75k 5 0.8 0
76k-100k 5 7 1 0.2 4.3
101k-125k 17 12 2 0.1 8.5
126k-150k 38 35 3 0.2 6.5
151k-175k 42 27 2 0.1 9.3
176k-200k 43 24 6 0.1 10.8
201k-225k 27 26 3 0.2 6.2
226k-250k 45 16 4 0.1 16.9
251k-275k 31 19 5 0.1 9.8
276k-300k 44 17 6 0.1 15.5
301k-325k 29 5 1 0 34.8
326k-350k 40 11 1 0 21.8
351k-375k 23 8 2 0.1 17.3
376k-400k 33 13 2 0.1 15.2
401k-425k 12 4 1 0.1 18
426k-450k 16 3 0 32
451k-475k 12 4 2 0.1 18
476k-500k 14 2 0 42
501k-550k 10 2 0 30
551k-600k 11 3 0 22
601k-650k 7 2 0 21
651k-700k 10 2 0 30
701k-750k 5 1 0 30
751k-800k 4 2 0.1 12
801k-850k 1 0
851k-900k 1 1 0.2 6
1m-1.1m 2 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
1k-25k 508 158 17 0.1 19.3
26k-50k 385 52 7 0 44.4
51k-75k 138 39 9 0 21.2
76k-100k 77 18 1 0 25.7
101k-125k 44 6 1 0 44
126k-150k 27 5 1 0 32.4
151k-175k 26 9 0.1 17.3
176k-200k 21 2 1 0 63
201k-225k 23 1 0 138
226k-250k 20 1 0 120
251k-275k 9 2 0 27
276k-300k 22 1 0 132
301k-325k 7 2 0 21
326k-350k 16 3 0 32
351k-375k 13 1 1 0 78
376k-400k 20 0
401k-425k 7 3 0.1 14
426k-450k 10 3 1 0.1 20
451k-475k 8 0
476k-500k 9 2 1 0 27
501k-550k 7 0
551k-600k 5 0
601k-650k 1 0
651k-700k 3 1 0.1 18
701k-750k 6 2 0.1 18
751k-800k 2 0
801k-850k 2 0
851k-900k 2 0
901k-950k 4 0
951k-1m 6 1 0 36
1m-1.1m 4 0
1.1m-1.2m 4 0
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.9m-2m 7 0
2m-2.25m 5 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 3 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 1 0.2 6
6.01m-7m 2 0
7.01m-8m 1 0
9.01m-10m 1 0
14.01m-15m 1 0