Absorption Report

Waters Edge, New Port Richey, FL

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.

How is Absorption Rate calculated? How is Months of Inventory calculated?

Seller's Market	Balanced Market	Buyer's Market
< 5 months Inventory	5 months Inventory	> 5 months Inventory

Houses 0% of available homes are currently under contract

List Price	Available	Sold Last 6 Months	Under Contract Last 30 days	Absorption Rate	Months of Inventory
326k-350k		1		0.2	0

$348,000 9332 Beaufort Ct. New Port Richey, FL

351k-375k	1	3		0.5	2
$369,900 11445 Bathgate Ct. New Port Richey, FL
$370,000 9441 Beaufort Ct. New Port Richey, FL $364,246 10928 Oyster Bay Cir. New Port Richey, FL $375,000 9240 Creedmoor Ln. New Port Richey, FL

376k-400k	1	3	1	0.5	2
$389,900 11201 Belle Haven Dr. New Port Richey, FL
$385,000 9450 Beaufort Ct. New Port Richey, FL $400,000 11851 Chaplain Pl. New Port Richey, FL $385,000 11232 Belle Haven Dr. New Port Richey, FL
$385,000 11232 Belle Haven Dr. New Port Richey, FL
401k-425k	1			0
$409,000 11231 Belle Haven Dr. New Port Richey, FL


426k-450k	2	1		0.1	12
$445,900 9330 Edistro Pl. New Port Richey, FL $435,000 11226 Oyster Bay Cir. New Port Richey, FL
$450,000 9517 Marblehead Ln. New Port Richey, FL

451k-475k		1		0.2	0

$460,000 8623 Creedmoor Ln. New Port Richey, FL

476k-500k	6	1		0	36
$489,900 11140 Oyster Bay Cir. New Port Richey, FL $484,000 11108 Belle Haven Dr. New Port Richey, FL $490,000 11240 Ragsdale Ct. New Port Richey, FL $499,400 11468 Weaver Hollow Rd. New Port Richey, FL $499,000 8636 Tenbridge Way New Port Richey, FL $499,900 8550 Creedmoor Ln. New Port Richey, FL
$480,000 9501 Marblehead Ln. New Port Richey, FL

501k-550k	3	1		0.1	18
$525,000 11606 Biddeford Pl. New Port Richey, FL $515,000 8422 Creedmoor Ln Ln. New Port Richey, FL $549,900 11006 Oyster Bay Cir. New Port Richey, FL
$520,000 11641 Biddeford Pl. New Port Richey, FL

551k-600k	2			0
$560,000 11430 Belle Haven Dr. New Port Richey, FL $592,500 11339 Tayport Loop New Port Richey, FL


651k-700k		2	1	0.3	0

$675,000 8335 Creedmoor Ln. New Port Richey, FL $685,000 11412 Biddeford Pl. New Port Richey, FL
$675,000 8335 Creedmoor Ln. New Port Richey, FL
701k-750k	3			0
$719,000 11645 Belle Haven Dr. New Port Richey, FL $730,000 11519 Belle Haven Dr. New Port Richey, FL $745,000 9124 Topneck St. New Port Richey, FL


751k-800k	1			0
$784,900 9113 Creedmoor Ln. New Port Richey, FL


801k-850k		1		0.2	0

$850,000 11412 Oyster Bay Cir. New Port Richey, FL

Townhouses 0% of available homes are currently under contract

List Price	Available	Sold Last 6 Months	Under Contract Last 30 days	Absorption Rate	Months of Inventory
251k-275k	1	3		0.5	2
$272,500 11833 Castine St. New Port Richey, FL
$270,000 11837 Castine St. New Port Richey, FL $255,000 11806 Castine St. New Port Richey, FL $267,500 11915 Castine St. New Port Richey, FL

276k-300k	3	4	1	0.2	4.5
$285,000 11811 Castine St. New Port Richey, FL $297,000 8491 Essington St. New Port Richey, FL $299,900 11628 N Castine St. New Port Richey, FL
$290,000 11718 Castine St. New Port Richey, FL $281,000 11809 Castine St. New Port Richey, FL $280,000 11719 Castine St. New Port Richey, FL $298,000 11825 Castine St. New Port Richey, FL
$280,000 11719 Castine St. New Port Richey, FL
301k-325k	1			0
$302,500 8520 Reedville St. New Port Richey, FL