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
51k-75k 1 1 0.2 6
76k-100k 2 5 0.4 2.4
101k-125k 2 10 0.8 1.2
126k-150k 6 9 1 0.3 4
151k-175k 8 11 1 0.2 4.4
176k-200k 14 22 5 0.3 3.8
201k-225k 13 17 1 0.2 4.6
226k-250k 27 42 7 0.3 3.9
251k-275k 40 56 5 0.2 4.3
276k-300k 80 100 12 0.2 4.8
301k-325k 54 71 7 0.2 4.6
326k-350k 102 94 8 0.2 6.5
351k-375k 62 90 11 0.2 4.1
376k-400k 87 79 10 0.2 6.6
401k-425k 43 47 4 0.2 5.5
426k-450k 57 53 4 0.2 6.5
451k-475k 29 42 2 0.2 4.1
476k-500k 64 34 1 0.1 11.3
501k-550k 53 56 7 0.2 5.7
551k-600k 63 55 6 0.1 6.9
601k-650k 48 31 4 0.1 9.3
651k-700k 52 27 4 0.1 11.6
701k-750k 30 37 4 0.2 4.9
751k-800k 33 31 6 0.2 6.4
801k-850k 19 12 2 0.1 9.5
851k-900k 14 9 0.1 9.3
901k-950k 9 11 1 0.2 4.9
951k-1m 13 12 0.2 6.5
1m-1.1m 8 13 0.3 3.7
1.1m-1.2m 17 3 3 0 34
1.2m-1.3m 7 4 1 0.1 10.5
1.3m-1.4m 7 2 0 21
1.4m-1.5m 8 3 0.1 16
1.5m-1.6m 8 5 0.1 9.6
1.6m-1.7m 5 1 0 30
1.7m-1.8m 8 1 0 48
1.8m-1.9m 1 3 0.5 2
1.9m-2m 3 1 0.1 18
2m-2.25m 3 0
2.25m-2.5m 4 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0

Townhouses 11% 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
151k-175k 1 2 0.3 3
176k-200k 3 0
201k-225k 6 1 0 36
226k-250k 5 0.8 0
251k-275k 5 1 0 30
276k-300k 4 0.7 0
301k-325k 3 0.5 0
326k-350k 2 2 0.2 6
351k-375k 2 0
376k-400k 2 1 0.1 12
476k-500k 1 0
501k-550k 2 0

Condos 2% 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 2 1 0.3 0
76k-100k 3 7 1 0.4 2.6
101k-125k 8 10 1 0.2 4.8
126k-150k 26 36 10 0.2 4.3
151k-175k 52 23 2 0.1 13.6
176k-200k 39 26 4 0.1 9
201k-225k 34 23 0.1 8.9
226k-250k 26 13 3 0.1 12
251k-275k 24 21 2 0.1 6.9
276k-300k 44 23 2 0.1 11.5
301k-325k 27 6 0 27
326k-350k 23 15 0.1 9.2
351k-375k 21 9 1 0.1 14
376k-400k 30 12 0.1 15
401k-425k 14 10 0.1 8.4
426k-450k 14 11 0.1 7.6
451k-475k 17 3 0 34
476k-500k 13 3 0 26
501k-550k 17 2 0 51
551k-600k 10 3 0.1 20
601k-650k 4 3 0.1 8
651k-700k 9 2 0 27
701k-750k 5 0
751k-800k 2 0
801k-850k 3 0
851k-900k 2 0
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
-24,000-0 1 0
1k-25k 477 167 19 0.1 17.1
26k-50k 421 77 3 0 32.8
51k-75k 173 41 10 0 25.3
76k-100k 81 23 2 0 21.1
101k-125k 45 9 0 30
126k-150k 33 13 1 0.1 15.2
151k-175k 23 12 3 0.1 11.5
176k-200k 27 5 1 0 32.4
201k-225k 18 4 0 27
226k-250k 15 5 2 0.1 18
251k-275k 8 2 2 0 24
276k-300k 21 4 0 31.5
301k-325k 4 2 1 0.1 12
326k-350k 12 1 0 72
351k-375k 7 2 0 21
376k-400k 22 0
401k-425k 6 3 1 0.1 12
426k-450k 8 3 0.1 16
451k-475k 9 0
476k-500k 12 3 0 24
501k-550k 8 0
551k-600k 2 1 0.1 12
601k-650k 4 0
651k-700k 4 1 0 24
701k-750k 5 1 0 30
751k-800k 3 0
801k-850k 2 0
851k-900k 1 0
901k-950k 2 0
951k-1m 5 1 0 30
1m-1.1m 5 0
1.1m-1.2m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 1 0.1 12
1.9m-2m 4 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 3 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 2 0
7.01m-8m 1 0
9.01m-10m 1 0
10.01m-11m 1 0
14.01m-15m 1 0