Supply & Demand in New Port Richey, 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
26k-50k 5 0.8 0
51k-75k 4 13 4 0.5 1.8
76k-100k 8 11 2 0.2 4.4
101k-125k 5 14 3 0.5 2.1
126k-150k 5 15 0.5 2
151k-175k 7 34 6 0.8 1.2
176k-200k 27 29 8 0.2 5.6
201k-225k 37 52 11 0.2 4.3
226k-250k 64 74 21 0.2 5.2
251k-275k 38 69 9 0.3 3.3
276k-300k 60 55 7 0.2 6.5
301k-325k 35 45 8 0.2 4.7
326k-350k 40 46 8 0.2 5.2
351k-375k 27 40 9 0.2 4.1
376k-400k 30 33 8 0.2 5.5
401k-425k 17 30 6 0.3 3.4
426k-450k 25 27 7 0.2 5.6
451k-475k 15 25 8 0.3 3.6
476k-500k 21 19 4 0.2 6.6
501k-550k 22 22 3 0.2 6
551k-600k 20 16 4 0.1 7.5
601k-650k 15 9 0.1 10
651k-700k 13 4 0.1 19.5
701k-750k 12 9 1 0.1 8
751k-800k 5 9 0.3 3.3
801k-850k 3 1 0.1 18
851k-900k 3 2 0.1 9
901k-950k 5 8 3 0.3 3.8
951k-1m 6 1 0 36
1m-1.1m 10 1 0 60
1.1m-1.2m 8 1 0 48
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 1 0.1 12
1.9m-2m 1 0
2.5m-2.75m 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
101k-125k 2 1 0.1 12
126k-150k 1 0
151k-175k 1 0
176k-200k 2 0
201k-225k 1 1 0.2 6
226k-250k 1 7 1.2 0.9
251k-275k 7 11 2 0.3 3.8
276k-300k 10 8 0.1 7.5
301k-325k 4 5 0.2 4.8
326k-350k 2 3 0.3 4
351k-375k 1 0.2 0
376k-400k 1 1 0.2 0
401k-425k 1 1 0.2 0
451k-475k 1 0
601k-650k 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
26k-50k 1 8 2 1.3 0.8
51k-75k 13 8 0.1 9.8
76k-100k 24 17 4 0.1 8.5
101k-125k 34 19 4 0.1 10.7
126k-150k 38 16 3 0.1 14.3
151k-175k 36 13 4 0.1 16.6
176k-200k 30 9 3 0.1 20
201k-225k 8 6 1 0.1 8
226k-250k 12 6 0.1 12
251k-275k 9 5 0.1 10.8
276k-300k 8 2 0 24
301k-325k 3 1 0.1 18
326k-350k 4 2 1 0.1 12
351k-375k 1 0
376k-400k 1 0
401k-425k 2 0
426k-450k 1 0
551k-600k 2 0
601k-650k 4 0
651k-700k 3 0
701k-750k 2 0
1.3m-1.4m 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
1k-25k 26 30 2 0.2 5.2
26k-50k 38 15 5 0.1 15.2
51k-75k 19 3 1 0 38
76k-100k 9 0
101k-125k 8 3 0.1 16
126k-150k 8 0
151k-175k 7 1 1 0 42
176k-200k 4 0
201k-225k 1 0
226k-250k 2 1 0.1 12
251k-275k 4 0
276k-300k 2 1 0.1 12
301k-325k 3 0
326k-350k 3 0
351k-375k 2 0
376k-400k 2 0
426k-450k 2 0
476k-500k 1 0
501k-550k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
2.25m-2.5m 1 0