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 0.2 0
51k-75k 4 0.7 0
76k-100k 4 12 2 0.5 2
101k-125k 3 13 3 0.7 1.4
126k-150k 8 18 1 0.4 2.7
151k-175k 1 27 6 4.5 0.2
176k-200k 23 50 7 0.4 2.8
201k-225k 37 70 12 0.3 3.2
226k-250k 48 72 15 0.3 4
251k-275k 43 63 14 0.2 4.1
276k-300k 53 93 18 0.3 3.4
301k-325k 44 63 14 0.2 4.2
326k-350k 43 61 7 0.2 4.2
351k-375k 15 55 7 0.6 1.6
376k-400k 35 58 11 0.3 3.6
401k-425k 22 45 7 0.3 2.9
426k-450k 24 32 4 0.2 4.5
451k-475k 16 20 1 0.2 4.8
476k-500k 24 28 4 0.2 5.1
501k-550k 17 22 6 0.2 4.6
551k-600k 24 19 8 0.1 7.6
601k-650k 26 13 1 0.1 12
651k-700k 16 7 1 0.1 13.7
701k-750k 8 9 3 0.2 5.3
751k-800k 11 5 1 0.1 13.2
801k-850k 6 8 3 0.2 4.5
851k-900k 8 7 0.1 6.9
901k-950k 4 5 1 0.2 4.8
951k-1m 4 4 1 0.2 6
1m-1.1m 5 1 0 30
1.1m-1.2m 5 1 0 30
1.2m-1.3m 4 3 1 0.1 8
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 1 0.2 6
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 0
176k-200k 2 1 0.1 12
201k-225k 1 2 0.3 3
226k-250k 5 9 1 0.3 3.3
251k-275k 6 10 3 0.3 3.6
276k-300k 7 2 0 21
301k-325k 7 0
326k-350k 5 0
351k-375k 1 1 0.2 6
376k-400k 2 0
426k-450k 2 0
451k-475k 1 0
651k-700k 1 0
951k-1m 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 2 7 1 0.6 1.7
51k-75k 9 13 2 0.2 4.2
76k-100k 27 10 0.1 16.2
101k-125k 45 33 4 0.1 8.2
126k-150k 51 20 6 0.1 15.3
151k-175k 30 19 2 0.1 9.5
176k-200k 19 14 1 0.1 8.1
201k-225k 14 10 2 0.1 8.4
226k-250k 9 5 2 0.1 10.8
251k-275k 13 1 0 78
276k-300k 4 1 0 24
301k-325k 2 2 0.2 6
326k-350k 4 1 1 0 24
351k-375k 1 1 0.2 6
376k-400k 2 0
401k-425k 1 0.2 0
426k-450k 1 0
551k-600k 1 0
601k-650k 5 0
651k-700k 3 0
701k-750k 3 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 27 5 0.2 5.8
26k-50k 48 13 3 0 22.2
51k-75k 24 5 1 0 28.8
76k-100k 10 1 1 0 60
101k-125k 6 2 0.1 18
126k-150k 9 3 1 0.1 18
151k-175k 3 1 0.1 18
176k-200k 7 0
201k-225k 1 0
226k-250k 1 0
251k-275k 4 0
276k-300k 5 1 0 30
301k-325k 2 0
326k-350k 4 0
376k-400k 5 0
426k-450k 3 0
501k-550k 2 0
551k-600k 1 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 1 0.1 12
2.25m-2.5m 1 0