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
1k-25k 1 0
26k-50k 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 10 8 5 0.1 7.5
101k-125k 3 10 5 0.6 1.8
126k-150k 6 17 3 0.5 2.1
151k-175k 12 29 8 0.4 2.5
176k-200k 21 41 5 0.3 3.1
201k-225k 24 58 10 0.4 2.5
226k-250k 51 59 12 0.2 5.2
251k-275k 53 64 19 0.2 5
276k-300k 50 66 15 0.2 4.5
301k-325k 35 64 12 0.3 3.3
326k-350k 54 27 6 0.1 12
351k-375k 19 36 6 0.3 3.2
376k-400k 22 30 9 0.2 4.4
401k-425k 18 26 7 0.2 4.2
426k-450k 21 32 9 0.3 3.9
451k-475k 16 12 1 0.1 8
476k-500k 18 20 3 0.2 5.4
501k-550k 26 20 3 0.1 7.8
551k-600k 20 28 4 0.2 4.3
601k-650k 10 21 4 0.4 2.9
651k-700k 10 9 3 0.2 6.7
701k-750k 11 6 2 0.1 11
751k-800k 15 5 1 0.1 18
801k-850k 12 7 3 0.1 10.3
851k-900k 5 2 2 0.1 15
901k-950k 6 4 0.1 9
951k-1m 3 3 1 0.2 6
1m-1.1m 2 3 1 0.3 4
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 5 1 0 30
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.7m-1.8m 2 2 0.3 0
1.8m-1.9m 3 0
2m-2.25m 1 1 1 0.2 6
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 0.2 0
176k-200k 3 2 0.5 0
201k-225k 3 0.5 0
226k-250k 5 6 1 0.2 5
251k-275k 6 6 2 0.2 6
276k-300k 10 2 1 0 30
301k-325k 4 1 0 24
326k-350k 3 4 1 0.2 4.5
351k-375k 3 1 0.5 0
376k-400k 3 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 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 1 5 1 0.8 1.2
51k-75k 20 17 6 0.1 7.1
76k-100k 42 13 4 0.1 19.4
101k-125k 48 38 2 0.1 7.6
126k-150k 37 29 4 0.1 7.7
151k-175k 20 16 3 0.1 7.5
176k-200k 13 9 0.1 8.7
201k-225k 8 8 1 0.2 6
226k-250k 10 7 0.1 8.6
251k-275k 12 0
276k-300k 9 0
301k-325k 1 0
326k-350k 3 1 1 0.1 18
376k-400k 3 0
426k-450k 1 0.2 0
551k-600k 1 0
601k-650k 4 0
651k-700k 3 0
701k-750k 3 0

Land 1% 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 31 30 4 0.2 6.2
26k-50k 48 12 2 0 24
51k-75k 20 3 0 40
76k-100k 7 3 2 0.1 14
101k-125k 8 3 0.1 16
126k-150k 8 2 1 0 24
151k-175k 6 0
176k-200k 2 0
201k-225k 1 0
226k-250k 3 0
251k-275k 3 1 0.1 18
276k-300k 2 0
301k-325k 3 1 0.1 18
326k-350k 5 2 1 0.1 15
351k-375k 4 1 0 24
376k-400k 4 0
426k-450k 1 0
451k-475k 2 0
476k-500k 2 0
501k-550k 1 1 1 0.2 6
551k-600k 2 0
601k-650k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
951k-1m 2 0
2.25m-2.5m 2 0