Absorption Report

New Port Richey

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0
76k-100k 1 2 2 0.3 3
101k-125k 3 1 0.5 0
126k-150k 4 8 2 0.3 3
151k-175k 13 3 1 0 26
176k-200k 14 13 3 0.2 6.5
201k-225k 12 17 4 0.2 4.2
226k-250k 7 21 2 0.5 2
251k-275k 5 34 8 1.1 0.9
276k-300k 28 44 5 0.3 3.8
301k-325k 18 60 9 0.6 1.8
326k-350k 46 80 11 0.3 3.5
351k-375k 35 101 13 0.5 2.1
376k-400k 72 125 18 0.3 3.5
401k-425k 63 84 13 0.2 4.5
426k-450k 56 103 16 0.3 3.3
451k-475k 40 77 8 0.3 3.1
476k-500k 72 107 15 0.2 4
501k-550k 114 151 24 0.2 4.5
551k-600k 79 123 20 0.3 3.9
601k-650k 59 89 17 0.3 4
651k-700k 68 79 10 0.2 5.2
701k-750k 51 67 11 0.2 4.6
751k-800k 45 49 4 0.2 5.5
801k-850k 25 40 4 0.3 3.8
851k-900k 30 40 8 0.2 4.5
901k-950k 23 24 4 0.2 5.8
951k-1m 32 21 1 0.1 9.1
1m-1.1m 21 39 5 0.3 3.2
1.1m-1.2m 21 28 4 0.2 4.5
1.2m-1.3m 12 29 6 0.4 2.5
1.3m-1.4m 17 23 6 0.2 4.4
1.4m-1.5m 14 10 1 0.1 8.4
1.5m-1.6m 7 7 2 0.2 6
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 2 0
2m-2.25m 11 4 0.1 16.5
2.25m-2.5m 3 6 0.3 3
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 1 0.1 7.5
3.5m-4m 1 3 1 0.5 2
4m-4.5m 3 2 0.1 9
4.5m-5m 5 1 0 30
5.01m-6m 1 0
6.01m-7m 1 0
16.01m-17m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 1 0.2 0
226k-250k 2 1 1 0.1 12
251k-275k 7 3 1 0.1 14
276k-300k 5 15 3 0.5 2
301k-325k 25 26 5 0.2 5.8
326k-350k 27 56 8 0.3 2.9
351k-375k 13 28 2 0.4 2.8
376k-400k 16 6 0.1 16
401k-425k 5 4 0.1 7.5
426k-450k 2 2 0.2 6
476k-500k 1 0
501k-550k 1 0.2 0
701k-750k 2 1 0.1 12
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
1.1m-1.2m 1 1 0.2 6
1.4m-1.5m 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 1 0.2 0
51k-75k 4 0.7 0
76k-100k 10 9 1 0.2 6.7
101k-125k 23 19 1 0.1 7.3
126k-150k 48 22 6 0.1 13.1
151k-175k 40 33 4 0.1 7.3
176k-200k 62 26 3 0.1 14.3
201k-225k 62 41 5 0.1 9.1
226k-250k 49 31 3 0.1 9.5
251k-275k 43 24 6 0.1 10.8
276k-300k 50 45 9 0.2 6.7
301k-325k 33 31 2 0.2 6.4
326k-350k 33 17 1 0.1 11.6
351k-375k 14 7 2 0.1 12
376k-400k 23 8 2 0.1 17.3
401k-425k 19 12 0.1 9.5
426k-450k 13 12 1 0.2 6.5
451k-475k 8 6 1 0.1 8
476k-500k 18 10 0.1 10.8
501k-550k 17 8 1 0.1 12.8
551k-600k 17 3 0 34
601k-650k 13 6 0.1 13
651k-700k 5 2 1 0.1 15
701k-750k 3 3 0.2 6
751k-800k 9 2 0 27
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 2 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 2 0.3 0
51k-75k 6 2 0.1 18
76k-100k 3 2 1 0.1 9
101k-125k 1 1 1 0.2 6
126k-150k 4 0
151k-175k 1 1 0.2 6
176k-200k 2 1 0.1 12
201k-225k 5 2 1 0.1 15
226k-250k 4 0
251k-275k 1 0
276k-300k 6 1 0 36
301k-325k 3 2 1 0.1 9
326k-350k 3 0
351k-375k 2 0
376k-400k 3 0
426k-450k 7 0
451k-475k 2 1 0.1 12
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 2 0
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 4 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
10.01m-11m 1 0