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
51k-75k 1 0.2 0
76k-100k 7 5 1 0.1 8.4
101k-125k 4 8 1 0.3 3
126k-150k 10 17 3 0.3 3.5
151k-175k 11 27 8 0.4 2.4
176k-200k 17 44 14 0.4 2.3
201k-225k 32 55 13 0.3 3.5
226k-250k 44 58 16 0.2 4.6
251k-275k 47 70 11 0.2 4
276k-300k 62 76 6 0.2 4.9
301k-325k 26 64 7 0.4 2.4
326k-350k 49 28 9 0.1 10.5
351k-375k 20 35 6 0.3 3.4
376k-400k 29 29 2 0.2 6
401k-425k 19 20 4 0.2 5.7
426k-450k 17 25 8 0.2 4.1
451k-475k 16 16 3 0.2 6
476k-500k 16 21 3 0.2 4.6
501k-550k 22 22 2 0.2 6
551k-600k 21 24 6 0.2 5.3
601k-650k 17 20 3 0.2 5.1
651k-700k 11 7 1 0.1 9.4
701k-750k 7 5 0.1 8.4
751k-800k 10 5 2 0.1 12
801k-850k 10 8 2 0.1 7.5
851k-900k 8 0
901k-950k 5 5 1 0.2 6
951k-1m 2 2 0.2 6
1m-1.1m 3 2 0.1 9
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 5 0
1.6m-1.7m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
3m-3.5m 2 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
126k-150k 1 1 0.2 0
176k-200k 3 1 0.1 18
201k-225k 2 3 1 0.3 4
226k-250k 3 7 0.4 2.6
251k-275k 11 7 1 0.1 9.4
276k-300k 12 2 1 0 36
301k-325k 3 1 0.1 18
326k-350k 4 1 1 0 24
351k-375k 2 1 0.3 0
376k-400k 2 0
401k-425k 3 1 0.1 18
426k-450k 3 0
451k-475k 2 0
476k-500k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 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 2 4 0.3 3
51k-75k 10 15 1 0.3 4
76k-100k 39 10 2 0 23.4
101k-125k 54 40 9 0.1 8.1
126k-150k 32 31 4 0.2 6.2
151k-175k 22 15 3 0.1 8.8
176k-200k 15 9 4 0.1 10
201k-225k 8 11 2 0.2 4.4
226k-250k 15 8 4 0.1 11.3
251k-275k 9 0
276k-300k 13 1 0 78
301k-325k 2 0
326k-350k 3 1 0.1 18
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 4 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 30 33 8 0.2 5.5
26k-50k 51 11 2 0 27.8
51k-75k 22 4 1 0 33
76k-100k 9 2 0 27
101k-125k 6 3 1 0.1 12
126k-150k 9 2 1 0 27
151k-175k 5 0
176k-200k 3 0
226k-250k 2 0
251k-275k 3 2 1 0.1 9
276k-300k 3 0
301k-325k 2 1 0.1 12
326k-350k 5 1 0 30
351k-375k 1 1 0.2 6
376k-400k 6 0
426k-450k 1 0
451k-475k 2 0
476k-500k 2 0
551k-600k 2 0
601k-650k 1 0
701k-750k 1 0
751k-800k 1 0
851k-900k 2 0
951k-1m 2 0
1.1m-1.2m 1 0
2.25m-2.5m 1 0