Supply & Demand in Wesley Chapel, 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
251k-275k 1 0
276k-300k 4 15 5 0.6 1.6
301k-325k 16 34 10 0.4 2.8
326k-350k 25 55 13 0.4 2.7
351k-375k 28 52 10 0.3 3.2
376k-400k 36 66 17 0.3 3.3
401k-425k 38 74 15 0.3 3.1
426k-450k 42 48 8 0.2 5.3
451k-475k 28 45 11 0.3 3.7
476k-500k 34 58 11 0.3 3.5
501k-550k 54 54 15 0.2 6
551k-600k 37 55 10 0.2 4
601k-650k 43 32 6 0.1 8.1
651k-700k 22 42 5 0.3 3.1
701k-750k 28 24 5 0.1 7
751k-800k 19 17 7 0.1 6.7
801k-850k 5 17 3 0.6 1.8
851k-900k 10 7 0.1 8.6
901k-950k 3 10 1 0.6 1.8
951k-1m 3 8 4 0.4 2.3
1m-1.1m 2 7 3 0.6 1.7
1.1m-1.2m 10 7 2 0.1 8.6
1.2m-1.3m 6 6 2 0.2 6
1.3m-1.4m 4 6 1 0.3 4
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 2 1 0.1 12

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
176k-200k 1 0.2 0
201k-225k 4 5 0.2 4.8
226k-250k 4 9 2 0.4 2.7
251k-275k 9 16 4 0.3 3.4
276k-300k 33 39 10 0.2 5.1
301k-325k 33 51 5 0.3 3.9
326k-350k 7 12 4 0.3 3.5
351k-375k 7 9 0.2 4.7
376k-400k 4 5 2 0.2 4.8
401k-425k 8 5 0.1 9.6
426k-450k 4 1 0 24
451k-475k 2 2 1 0.2 6
476k-500k 6 1 1 0 36
501k-550k 2 1 0.1 12
551k-600k 1 0
651k-700k 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
76k-100k 1 0
176k-200k 1 0
276k-300k 3 1 0.1 18
301k-325k 2 0
326k-350k 2 0
351k-375k 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
26k-50k 2 0
51k-75k 1 1 0.2 6
76k-100k 6 0
101k-125k 2 1 0.1 12
126k-150k 2 3 1 0.3 4
151k-175k 3 0
176k-200k 5 3 0.1 10
226k-250k 2 0
251k-275k 2 1 0.1 12
276k-300k 1 0.2 0
426k-450k 1 0
451k-475k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
3.5m-4m 1 0
6.01m-7m 1 0