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 7% 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
51k-75k 1 1 0.2 6
76k-100k 2 0
101k-125k 2 3 1 0.3 4
126k-150k 4 11 4 0.5 2.2
151k-175k 10 14 1 0.2 4.3
176k-200k 15 16 2 0.2 5.6
201k-225k 12 22 6 0.3 3.3
226k-250k 42 62 14 0.2 4.1
251k-275k 39 85 15 0.4 2.8
276k-300k 78 88 18 0.2 5.3
301k-325k 73 70 20 0.2 6.3
326k-350k 97 88 16 0.2 6.6
351k-375k 66 75 19 0.2 5.3
376k-400k 90 69 13 0.1 7.8
401k-425k 38 54 12 0.2 4.2
426k-450k 54 52 9 0.2 6.2
451k-475k 38 39 6 0.2 5.8
476k-500k 60 35 8 0.1 10.3
501k-550k 69 55 10 0.1 7.5
551k-600k 70 55 10 0.1 7.6
601k-650k 44 44 11 0.2 6
651k-700k 47 43 13 0.2 6.6
701k-750k 44 31 11 0.1 8.5
751k-800k 37 23 7 0.1 9.7
801k-850k 17 17 4 0.2 6
851k-900k 19 15 9 0.1 7.6
901k-950k 15 5 0.1 18
951k-1m 13 9 2 0.1 8.7
1m-1.1m 12 7 1 0.1 10.3
1.1m-1.2m 15 5 2 0.1 18
1.2m-1.3m 12 10 1 0.1 7.2
1.3m-1.4m 9 3 2 0.1 18
1.4m-1.5m 10 4 1 0.1 15
1.5m-1.6m 7 4 2 0.1 10.5
1.6m-1.7m 8 2 2 0 24
1.7m-1.8m 3 0
1.8m-1.9m 9 0
1.9m-2m 7 0
2m-2.25m 2 2 0.2 6
2.25m-2.5m 3 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0

Townhouses 10% 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 2 1 0.3 0
151k-175k 3 2 0.1 9
176k-200k 5 3 0.1 10
201k-225k 5 4 1 0.1 7.5
226k-250k 2 4 0.3 3
251k-275k 3 0.5 0
276k-300k 1 1 0.2 6
301k-325k 2 3 0.3 4
326k-350k 3 3 1 0.2 6
351k-375k 2 1 0.1 12
401k-425k 1 0.2 0
426k-450k 1 0.2 0
451k-475k 1 0.2 0
476k-500k 1 0
501k-550k 1 0.2 0
651k-700k 2 0

Condos 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 3 0.5 0
76k-100k 10 8 2 0.1 7.5
101k-125k 22 18 5 0.1 7.3
126k-150k 42 35 12 0.1 7.2
151k-175k 31 23 4 0.1 8.1
176k-200k 35 28 3 0.1 7.5
201k-225k 28 37 6 0.2 4.5
226k-250k 46 27 8 0.1 10.2
251k-275k 32 27 8 0.1 7.1
276k-300k 35 26 10 0.1 8.1
301k-325k 37 18 11 0.1 12.3
326k-350k 36 16 5 0.1 13.5
351k-375k 15 12 3 0.1 7.5
376k-400k 25 7 1 0 21.4
401k-425k 8 13 4 0.3 3.7
426k-450k 14 9 3 0.1 9.3
451k-475k 9 2 0 27
476k-500k 10 4 1 0.1 15
501k-550k 18 2 0 54
551k-600k 16 3 1 0 32
601k-650k 7 1 0 42
651k-700k 8 1 0 48
701k-750k 3 0
751k-800k 5 2 0.1 15
851k-900k 1 0
901k-950k 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 512 191 42 0.1 16.1
26k-50k 413 61 22 0 40.6
51k-75k 142 32 5 0 26.6
76k-100k 87 18 2 0 29
101k-125k 42 6 2 0 42
126k-150k 26 6 2 0 26
151k-175k 26 7 1 0 22.3
176k-200k 31 4 1 0 46.5
201k-225k 23 5 2 0 27.6
226k-250k 21 2 1 0 63
251k-275k 10 3 0.1 20
276k-300k 22 1 0 132
301k-325k 9 1 1 0 54
326k-350k 15 1 0 90
351k-375k 12 1 0 72
376k-400k 14 1 0 84
401k-425k 7 1 0 42
426k-450k 10 6 3 0.1 10
451k-475k 7 1 0 42
476k-500k 8 3 0.1 16
501k-550k 8 0
551k-600k 4 0
601k-650k 4 0
651k-700k 5 1 0 30
701k-750k 4 2 1 0.1 12
751k-800k 2 1 0.1 12
801k-850k 3 0
851k-900k 2 0
901k-950k 3 1 0.1 18
951k-1m 3 1 0.1 18
1m-1.1m 5 0
1.1m-1.2m 5 0
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 6 0
2m-2.25m 3 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
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0