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 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 0.2 0
201k-225k 1 0
226k-250k 2 1 1 0.1 12
251k-275k 1 0
276k-300k 1 8 3 1.3 0.8
301k-325k 7 11 1 0.3 3.8
326k-350k 21 35 5 0.3 3.6
351k-375k 15 66 16 0.7 1.4
376k-400k 27 79 15 0.5 2.1
401k-425k 28 97 21 0.6 1.7
426k-450k 27 73 17 0.5 2.2
451k-475k 37 84 12 0.4 2.6
476k-500k 27 71 11 0.4 2.3
501k-550k 47 86 16 0.3 3.3
551k-600k 40 62 12 0.3 3.9
601k-650k 18 56 11 0.5 1.9
651k-700k 21 47 8 0.4 2.7
701k-750k 23 30 3 0.2 4.6
751k-800k 13 20 2 0.3 3.9
801k-850k 7 15 3 0.4 2.8
851k-900k 13 10 0.1 7.8
901k-950k 7 12 2 0.3 3.5
951k-1m 5 6 3 0.2 5
1m-1.1m 4 9 4 0.4 2.7
1.1m-1.2m 5 8 1 0.3 3.8
1.2m-1.3m 4 6 0.3 4
1.3m-1.4m 5 7 0.2 4.3
1.4m-1.5m 1 2 1 0.3 3
1.5m-1.6m 2 2 0.2 6
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 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 4 2 0.7 0
226k-250k 3 6 2 0.3 3
251k-275k 4 7 1 0.3 3.4
276k-300k 15 23 0.3 3.9
301k-325k 27 98 12 0.6 1.7
326k-350k 18 74 7 0.7 1.5
351k-375k 10 15 1 0.3 4
376k-400k 4 4 2 0.2 6
401k-425k 8 4 0.1 12
426k-450k 1 2 0.3 3
451k-475k 5 2 0.1 15
476k-500k 3 1 0.1 18
501k-550k 2 3 1 0.3 4
551k-600k 1 1 0.2 6
651k-700k 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
176k-200k 2 1 0.3 0
276k-300k 1 0
301k-325k 1 0
326k-350k 3 0
351k-375k 1 0.2 0
376k-400k 2 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 1 1 1 0.2 6
26k-50k 3 0
76k-100k 2 0
101k-125k 1 0
126k-150k 3 2 1 0.1 9
151k-175k 4 1 0 24
176k-200k 2 2 0.2 6
201k-225k 3 1 0.5 0
226k-250k 1 2 0.3 3
276k-300k 1 0
376k-400k 1 0
401k-425k 1 1 0.2 0
651k-700k 1 0
751k-800k 1 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
7.01m-8m 1 0