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 1 0.2 0
126k-150k 2 4 2 0.3 3
151k-175k 10 1 1.7 0
176k-200k 6 37 9 1 1
201k-225k 12 50 7 0.7 1.4
226k-250k 30 74 11 0.4 2.4
251k-275k 53 108 19 0.3 2.9
276k-300k 64 124 17 0.3 3.1
301k-325k 69 154 26 0.4 2.7
326k-350k 111 170 14 0.3 3.9
351k-375k 53 127 19 0.4 2.5
376k-400k 56 95 11 0.3 3.5
401k-425k 30 52 6 0.3 3.5
426k-450k 29 28 6 0.2 6.2
451k-475k 25 37 4 0.2 4.1
476k-500k 22 21 2 0.2 6.3
501k-550k 24 26 7 0.2 5.5
551k-600k 19 10 1 0.1 11.4
601k-650k 13 5 0.1 15.6
651k-700k 9 3 3 0.1 18
701k-750k 6 2 0.1 18
751k-800k 1 1 0.2 6
851k-900k 5 1 1 0 30
901k-950k 1 2 0.3 3
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0
4.5m-5m 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
101k-125k 1 0.2 0
201k-225k 1 3 1 0.5 2
226k-250k 2 3 0.3 4
276k-300k 1 0.2 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
101k-125k 1 0.2 0
126k-150k 1 0.2 0
176k-200k 1 1 0.2 6
301k-325k 1 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
1k-25k 1 3 0.5 2
26k-50k 18 32 6 0.3 3.4
51k-75k 32 50 3 0.3 3.8
76k-100k 15 12 0.1 7.5
101k-125k 6 4 2 0.1 9
126k-150k 12 1 0 72
151k-175k 1 3 1 0.5 2
176k-200k 8 2 0 24
201k-225k 2 2 0.2 6
226k-250k 1 0
251k-275k 1 2 1 0.3 3
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
351k-375k 1 1 0.2 6
376k-400k 2 0
426k-450k 1 0
476k-500k 1 0
501k-550k 1 0.2 0
551k-600k 1 1 0.2 6
651k-700k 3 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0