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
51k-75k 1 2 1 0.3 3
76k-100k 1 2 0.3 3
101k-125k 2 6 1 0.5 2
126k-150k 5 11 4 0.4 2.7
151k-175k 10 10 0.2 6
176k-200k 16 25 3 0.3 3.8
201k-225k 9 12 2 0.2 4.5
226k-250k 30 41 6 0.2 4.4
251k-275k 40 62 11 0.3 3.9
276k-300k 78 79 10 0.2 5.9
301k-325k 72 57 10 0.1 7.6
326k-350k 94 85 14 0.2 6.6
351k-375k 65 72 10 0.2 5.4
376k-400k 80 58 5 0.1 8.3
401k-425k 38 43 12 0.2 5.3
426k-450k 51 49 6 0.2 6.2
451k-475k 26 37 1 0.2 4.2
476k-500k 66 31 6 0.1 12.8
501k-550k 63 50 5 0.1 7.6
551k-600k 76 45 3 0.1 10.1
601k-650k 55 26 2 0.1 12.7
651k-700k 56 22 3 0.1 15.3
701k-750k 33 32 4 0.2 6.2
751k-800k 36 27 1 0.1 8
801k-850k 22 10 3 0.1 13.2
851k-900k 16 9 1 0.1 10.7
901k-950k 17 7 0.1 14.6
951k-1m 13 7 0.1 11.1
1m-1.1m 9 11 1 0.2 4.9
1.1m-1.2m 16 7 3 0.1 13.7
1.2m-1.3m 12 2 0 36
1.3m-1.4m 7 4 2 0.1 10.5
1.4m-1.5m 10 2 0 30
1.5m-1.6m 9 4 1 0.1 13.5
1.6m-1.7m 5 2 1 0.1 15
1.7m-1.8m 7 1 0 42
1.8m-1.9m 1 1 0.2 6
1.9m-2m 5 1 0 30
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0

Townhouses 12% 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 2 0.3 0
176k-200k 3 0
201k-225k 5 1 0 30
226k-250k 2 5 0.4 2.4
251k-275k 2 0
276k-300k 2 1 0.3 0
301k-325k 2 2 0.2 6
326k-350k 1 0.2 0
351k-375k 3 0
376k-400k 1 2 1 0.3 3
401k-425k 2 0
426k-450k 1 1 0.2 0
476k-500k 1 1 1 0.2 6
501k-550k 1 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 1 2 1 0.3 3
76k-100k 2 5 0.4 2.4
101k-125k 13 11 4 0.1 7.1
126k-150k 27 36 7 0.2 4.5
151k-175k 49 26 6 0.1 11.3
176k-200k 31 21 2 0.1 8.9
201k-225k 34 19 6 0.1 10.7
226k-250k 31 11 2 0.1 16.9
251k-275k 26 16 2 0.1 9.8
276k-300k 54 17 2 0.1 19.1
301k-325k 24 4 1 0 36
326k-350k 33 10 2 0.1 19.8
351k-375k 23 7 1 0.1 19.7
376k-400k 33 11 2 0.1 18
401k-425k 14 4 1 0 21
426k-450k 13 7 1 0.1 11.1
451k-475k 19 2 0 57
476k-500k 12 2 1 0 36
501k-550k 14 0
551k-600k 11 1 1 0 66
601k-650k 3 3 1 0.2 6
651k-700k 10 2 0 30
701k-750k 6 1 1 0 36
751k-800k 2 0
801k-850k 4 0
851k-900k 2 1 1 0.1 12
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 479 150 18 0.1 19.2
26k-50k 416 71 12 0 35.2
51k-75k 163 31 6 0 31.5
76k-100k 74 21 2 0 21.1
101k-125k 40 7 0 34.3
126k-150k 33 12 2 0.1 16.5
151k-175k 23 11 0.1 12.5
176k-200k 29 2 0 87
201k-225k 22 3 0 44
226k-250k 15 3 0 30
251k-275k 9 2 0 27
276k-300k 21 3 0 42
301k-325k 4 3 1 0.1 8
326k-350k 10 2 1 0 30
351k-375k 11 1 0 66
376k-400k 17 0
401k-425k 6 3 1 0.1 12
426k-450k 8 3 0.1 16
451k-475k 10 0
476k-500k 13 1 0 78
501k-550k 8 0
551k-600k 3 1 0.1 18
601k-650k 3 0
651k-700k 5 1 0 30
701k-750k 4 1 0 24
751k-800k 3 0
801k-850k 3 0
851k-900k 1 0
901k-950k 2 0
951k-1m 4 0
1m-1.1m 3 0
1.1m-1.2m 4 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 5 0
2m-2.25m 3 0
2.25m-2.5m 4 0
3m-3.5m 4 0
3.5m-4m 2 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 2 0
9.01m-10m 1 0
14.01m-15m 1 0