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 1 3 0.5 2
51k-75k 1 10 1 1.7 0.6
76k-100k 2 15 1.3 0.8
101k-125k 3 13 0.7 1.4
126k-150k 9 19 2 0.4 2.8
151k-175k 6 28 5 0.8 1.3
176k-200k 23 52 12 0.4 2.7
201k-225k 39 68 8 0.3 3.4
226k-250k 57 75 10 0.2 4.6
251k-275k 41 63 7 0.3 3.9
276k-300k 64 83 15 0.2 4.6
301k-325k 41 63 10 0.3 3.9
326k-350k 44 61 7 0.2 4.3
351k-375k 19 59 5 0.5 1.9
376k-400k 35 54 13 0.3 3.9
401k-425k 20 45 7 0.4 2.7
426k-450k 25 33 6 0.2 4.5
451k-475k 18 28 4 0.3 3.9
476k-500k 18 27 4 0.3 4
501k-550k 23 25 2 0.2 5.5
551k-600k 26 17 0.1 9.2
601k-650k 17 13 3 0.1 7.8
651k-700k 15 6 1 0.1 15
701k-750k 9 8 0.1 6.8
751k-800k 11 4 1 0.1 16.5
801k-850k 8 3 1 0.1 16
851k-900k 8 5 0.1 9.6
901k-950k 3 7 0.4 2.6
951k-1m 4 3 0.1 8
1m-1.1m 3 1 0.1 18
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
3m-3.5m 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
101k-125k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 7 8 1 0.2 5.3
251k-275k 10 11 0.2 5.5
276k-300k 11 2 1 0 33
301k-325k 7 2 0 21
326k-350k 1 2 0.3 3
351k-375k 2 0
376k-400k 2 1 0.1 12
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 2 0
476k-500k 1 0
551k-600k 1 0
651k-700k 1 0
1m-1.1m 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 3 8 0.4 2.3
51k-75k 9 12 1 0.2 4.5
76k-100k 22 14 2 0.1 9.4
101k-125k 36 30 7 0.1 7.2
126k-150k 57 17 2 0 20.1
151k-175k 27 21 4 0.1 7.7
176k-200k 20 15 5 0.1 8
201k-225k 13 10 2 0.1 7.8
226k-250k 9 4 0.1 13.5
251k-275k 12 2 0 36
276k-300k 5 1 0 30
301k-325k 1 2 1 0.3 3
326k-350k 2 1 0.1 12
351k-375k 1 0.2 0
376k-400k 3 0
401k-425k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 5 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 30 21 0.1 8.6
26k-50k 55 21 1 0.1 15.7
51k-75k 24 6 2 0 24
76k-100k 9 0
101k-125k 9 1 0 54
126k-150k 9 1 0 54
151k-175k 2 2 0.2 6
176k-200k 6 0
201k-225k 1 0
226k-250k 1 0
251k-275k 4 0
276k-300k 5 0
301k-325k 2 0
326k-350k 1 0
376k-400k 4 0
426k-450k 4 0
501k-550k 2 0
551k-600k 2 0
601k-650k 1 1 0.2 6
701k-750k 1 0
851k-900k 1 0
951k-1m 2 0
1.1m-1.2m 2 0
2.25m-2.5m 1 0