Absorption Report

Wesley Chapel High School, Land O' Lakes, Wesley Chapel, Zephyrhills, 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 0% 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
276k-300k 2 2 0.2 6
301k-325k 6 8 3 0.2 4.5
326k-350k 14 25 6 0.3 3.4
351k-375k 12 14 3 0.2 5.1
376k-400k 11 46 4 0.7 1.4
401k-425k 16 51 5 0.5 1.9
426k-450k 22 46 4 0.3 2.9
451k-475k 6 23 3 0.6 1.6
476k-500k 16 31 5 0.3 3.1
501k-550k 18 27 2 0.3 4
551k-600k 19 22 1 0.2 5.2
601k-650k 12 16 3 0.2 4.5
651k-700k 9 15 1 0.3 3.6
701k-750k 8 7 0.1 6.9
751k-800k 8 5 0.1 9.6
801k-850k 4 4 1 0.2 6
851k-900k 3 7 0.4 2.6
901k-950k 3 1 0.1 18
951k-1m 1 4 0.7 1.5
1m-1.1m 4 2 0.1 12
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 5 1 0 30
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 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 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
251k-275k 1 0.2 0
276k-300k 4 17 4 0.7 1.4
301k-325k 19 62 6 0.5 1.8
326k-350k 10 13 1 0.2 4.6
351k-375k 9 9 2 0.2 6
376k-400k 1 3 1 0.5 2
401k-425k 4 0
426k-450k 1 0
451k-475k 3 0
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 1 0

Condos 0% 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
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 2 0
326k-350k 4 0
351k-375k 1 0
376k-400k 1 0

Land 0% 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 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 1 0.2 0
426k-450k 1 0
851k-900k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0