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
26k-50k 1 0
51k-75k 1 0.2 0
76k-100k 6 5 0.1 7.2
101k-125k 4 8 1 0.3 3
126k-150k 5 15 3 0.5 2
151k-175k 4 28 3 1.2 0.9
176k-200k 22 45 8 0.3 2.9
201k-225k 26 50 8 0.3 3.1
226k-250k 43 60 5 0.2 4.3
251k-275k 48 66 8 0.2 4.4
276k-300k 59 86 10 0.2 4.1
301k-325k 28 65 12 0.4 2.6
326k-350k 50 33 4 0.1 9.1
351k-375k 22 38 5 0.3 3.5
376k-400k 23 48 1 0.3 2.9
401k-425k 22 26 0.2 5.1
426k-450k 18 29 5 0.3 3.7
451k-475k 12 18 2 0.3 4
476k-500k 20 20 2 0.2 6
501k-550k 20 22 3 0.2 5.5
551k-600k 13 19 4 0.2 4.1
601k-650k 24 18 3 0.1 8
651k-700k 12 8 1 0.1 9
701k-750k 7 5 1 0.1 8.4
751k-800k 8 5 0.1 9.6
801k-850k 6 10 2 0.3 3.6
851k-900k 10 2 0 30
901k-950k 3 5 0.3 3.6
951k-1m 2 3 0.3 4
1m-1.1m 7 2 1 0 21
1.1m-1.2m 2 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 4 0
1.4m-1.5m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 3 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
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 3 1 0.1 18
226k-250k 2 7 1 0.6 1.7
251k-275k 7 6 0.1 7
276k-300k 8 2 0 24
301k-325k 6 1 1 0 36
326k-350k 3 0
351k-375k 1 2 1 0.3 3
376k-400k 3 0
401k-425k 1 0.2 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 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 1 3 0.5 2
51k-75k 8 11 1 0.2 4.4
76k-100k 39 9 1 0 26
101k-125k 50 42 8 0.1 7.1
126k-150k 39 31 8 0.1 7.5
151k-175k 18 12 2 0.1 9
176k-200k 18 11 0.1 9.8
201k-225k 8 12 3 0.3 4
226k-250k 14 5 2 0.1 16.8
251k-275k 10 0
276k-300k 9 1 0 54
301k-325k 1 1 0.2 6
326k-350k 3 1 0.1 18
351k-375k 1 0
376k-400k 1 0
426k-450k 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 22 25 4 0.2 5.3
26k-50k 48 12 3 0 24
51k-75k 27 4 0 40.5
76k-100k 8 2 0 24
101k-125k 5 3 2 0.1 10
126k-150k 10 2 0 30
151k-175k 4 0
176k-200k 2 0
226k-250k 1 0
251k-275k 4 1 0 24
276k-300k 3 1 0.1 18
301k-325k 2 1 1 0.1 12
326k-350k 4 1 1 0 24
351k-375k 1 1 1 0.2 6
376k-400k 6 0
451k-475k 2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 3 0
601k-650k 1 0
751k-800k 1 0
851k-900k 2 0
951k-1m 2 0
1.1m-1.2m 2 1 0.1 12
2.25m-2.5m 1 0