Absorption Report

Wesley Chapel


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
76k-100k 1 0
126k-150k 2 1 0.3 0
226k-250k 4 0.7 0
276k-300k 11 3 1.8 0
301k-325k 8 12 3 0.3 4
326k-350k 19 45 11 0.4 2.5
351k-375k 21 77 12 0.6 1.6
376k-400k 31 80 20 0.4 2.3
401k-425k 33 91 14 0.5 2.2
426k-450k 45 83 20 0.3 3.3
451k-475k 23 96 15 0.7 1.4
476k-500k 39 77 20 0.3 3
501k-550k 42 104 22 0.4 2.4
551k-600k 42 70 15 0.3 3.6
601k-650k 35 66 9 0.3 3.2
651k-700k 29 44 5 0.3 4
701k-750k 24 27 6 0.2 5.3
751k-800k 20 23 7 0.2 5.2
801k-850k 12 15 2 0.2 4.8
851k-900k 7 13 9 0.3 3.2
901k-950k 7 9 3 0.2 4.7
951k-1m 6 7 3 0.2 5.1
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 8 5 0.1 9.6
1.2m-1.3m 4 7 1 0.3 3.4
1.3m-1.4m 5 4 0.1 7.5
1.4m-1.5m 2 2 1 0.2 6
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 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
151k-175k 1 0.2 0
201k-225k 6 1 1 0
226k-250k 6 9 1 0.3 4
251k-275k 2 10 1 0.8 1.2
276k-300k 19 27 6 0.2 4.2
301k-325k 34 110 24 0.5 1.9
326k-350k 27 61 6 0.4 2.7
351k-375k 14 11 0.1 7.6
376k-400k 4 7 1 0.3 3.4
401k-425k 12 3 0 24
426k-450k 5 4 1 0.1 7.5
451k-475k 1 5 0.8 1.2
476k-500k 3 2 0.1 9
501k-550k 1 4 1 0.7 1.5
551k-600k 1 0.2 0
651k-700k 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
176k-200k 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 1 0.2 0
276k-300k 2 0
301k-325k 1 0
326k-350k 3 0
351k-375k 2 1 0.1 12
376k-400k 1 0
501k-550k 1 0.2 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
1k-25k 2 0.3 0
26k-50k 3 0
51k-75k 2 0
76k-100k 1 1 1 0.2 6
101k-125k 2 0
126k-150k 3 5 0.3 3.6
151k-175k 2 1 0.1 12
176k-200k 2 2 0.2 6
201k-225k 2 0.3 0
226k-250k 1 0
276k-300k 1 0
401k-425k 1 1 0.2 6
651k-700k 1 0
751k-800k 2 0
1m-1.1m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 1 0.1 12
2.25m-2.5m 3 0
2.75m-3m 1 0
3.5m-4m 2 0