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 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 2 1 0.3 0
76k-100k 1 1 1 0.2 6
101k-125k 5 0.8 0
126k-150k 2 5 2 0.4 2.4
151k-175k 7 17 5 0.4 2.5
176k-200k 11 26 5 0.4 2.5
201k-225k 24 63 15 0.4 2.3
226k-250k 33 66 14 0.3 3
251k-275k 38 52 12 0.2 4.4
276k-300k 42 40 10 0.2 6.3
301k-325k 19 55 13 0.5 2.1
326k-350k 31 43 5 0.2 4.3
351k-375k 22 35 6 0.3 3.8
376k-400k 29 37 8 0.2 4.7
401k-425k 23 36 10 0.3 3.8
426k-450k 21 21 4 0.2 6
451k-475k 18 15 5 0.1 7.2
476k-500k 17 23 8 0.2 4.4
501k-550k 22 21 3 0.2 6.3
551k-600k 12 23 5 0.3 3.1
601k-650k 12 14 10 0.2 5.1
651k-700k 8 12 2 0.3 4
701k-750k 12 6 3 0.1 12
751k-800k 16 8 1 0.1 12
801k-850k 6 4 0.1 9
851k-900k 5 4 1 0.1 7.5
901k-950k 7 1 1 0 42
951k-1m 6 4 1 0.1 9
1m-1.1m 7 1 0 42
1.1m-1.2m 5 0
1.2m-1.3m 5 3 1 0.1 10
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 4 1 0 24
1.5m-1.6m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0.2 0
4m-4.5m 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
126k-150k 1 0
151k-175k 1 0
176k-200k 1 0
201k-225k 2 0.3 0
226k-250k 7 2 1.2 0
251k-275k 5 4 1 0.1 7.5
276k-300k 7 33 6 0.8 1.3
301k-325k 4 33 7 1.4 0.7
326k-350k 8 8 3 0.2 6
351k-375k 3 7 0.4 2.6
376k-400k 1 8 1 1.3 0.8
401k-425k 1 4 0.7 1.5
426k-450k 3 3 1 0.2 6
451k-475k 3 1 0.1 18
476k-500k 1 0
501k-550k 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
51k-75k 1 0.2 0
76k-100k 15 6 2 0.1 15
101k-125k 28 26 5 0.2 6.5
126k-150k 47 19 3 0.1 14.8
151k-175k 48 22 5 0.1 13.1
176k-200k 32 14 5 0.1 13.7
201k-225k 17 8 3 0.1 12.8
226k-250k 18 12 3 0.1 9
251k-275k 12 2 0 36
276k-300k 9 4 0.1 13.5
301k-325k 6 2 0.1 18
326k-350k 6 1 0 36
351k-375k 2 0
376k-400k 2 1 0.1 12
426k-450k 1 0
451k-475k 1 0
1.4m-1.5m 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
-24,000-0 1 0
1k-25k 26 34 6 0.2 4.6
26k-50k 40 21 4 0.1 11.4
51k-75k 16 6 1 0.1 16
76k-100k 6 6 1 0.2 6
101k-125k 4 1 1 0 24
126k-150k 7 2 1 0 21
151k-175k 5 0
176k-200k 5 0
201k-225k 3 0
226k-250k 1 0
301k-325k 1 0.2 0
326k-350k 3 1 0.1 18
376k-400k 4 0
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0
751k-800k 2 0
851k-900k 1 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0
2.75m-3m 1 0