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 % 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
51k-75k 2 0.3 0
76k-100k 5 11 2 0.4 2.7
101k-125k 6 10 1 0.3 3.6
126k-150k 7 19 5 0.5 2.2
151k-175k 5 32 5 1.1 0.9
176k-200k 30 44 5 0.2 4.1
201k-225k 37 54 2 0.2 4.1
226k-250k 47 63 8 0.2 4.5
251k-275k 48 68 9 0.2 4.2
276k-300k 52 91 16 0.3 3.4
301k-325k 34 61 10 0.3 3.3
326k-350k 40 50 5 0.2 4.8
351k-375k 21 43 9 0.3 2.9
376k-400k 28 53 4 0.3 3.2
401k-425k 18 33 3 0.3 3.3
426k-450k 24 29 4 0.2 5
451k-475k 18 23 3 0.2 4.7
476k-500k 21 27 4 0.2 4.7
501k-550k 18 23 7 0.2 4.7
551k-600k 25 19 1 0.1 7.9
601k-650k 27 14 4 0.1 11.6
651k-700k 13 7 0.1 11.1
701k-750k 7 7 1 0.2 6
751k-800k 9 4 0.1 13.5
801k-850k 10 9 2 0.2 6.7
851k-900k 12 5 0.1 14.4
901k-950k 5 5 0.2 6
951k-1m 1 3 0.5 2
1m-1.1m 8 2 1 0 24
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0

Townhouses % 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 1 1 0.2 6
201k-225k 1 1 0.2 6
226k-250k 3 10 3 0.6 1.8
251k-275k 8 9 0.2 5.3
276k-300k 8 2 1 0 24
301k-325k 8 0
326k-350k 4 0
351k-375k 3 1 0.1 18
376k-400k 2 0
401k-425k 1 1 0.2 6
426k-450k 1 0
476k-500k 1 0

Condos % 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 4 1 0.7 0
51k-75k 6 13 2 0.4 2.8
76k-100k 30 11 3 0.1 16.4
101k-125k 48 36 9 0.1 8
126k-150k 42 22 4 0.1 11.5
151k-175k 25 14 2 0.1 10.7
176k-200k 20 14 0.1 8.6
201k-225k 14 12 2 0.1 7
226k-250k 12 4 0.1 18
251k-275k 12 0
276k-300k 6 2 0.1 18
301k-325k 3 2 0.1 9
326k-350k 4 1 0 24
351k-375k 1 1 0.2 6
376k-400k 2 0
401k-425k 1 0.2 0
551k-600k 1 0
601k-650k 5 0
651k-700k 3 0
701k-750k 3 0

Land % 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 27 25 2 0.2 6.5
26k-50k 54 12 0 27
51k-75k 22 5 0 26.4
76k-100k 10 2 1 0 30
101k-125k 5 1 0 30
126k-150k 9 3 0.1 18
151k-175k 3 0
176k-200k 5 0
201k-225k 1 0
226k-250k 1 0
251k-275k 4 1 1 0 24
276k-300k 4 1 0 24
301k-325k 2 0
326k-350k 4 0
376k-400k 7 0
426k-450k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 3 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