Supply & Demand in Wesley Chapel, 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
201k-225k 1 1 0.2 0
251k-275k 1 6 1 1
276k-300k 5 23 4 0.8 1.3
301k-325k 15 36 7 0.4 2.5
326k-350k 31 55 15 0.3 3.4
351k-375k 15 62 13 0.7 1.5
376k-400k 36 68 16 0.3 3.2
401k-425k 31 53 7 0.3 3.5
426k-450k 26 47 11 0.3 3.3
451k-475k 31 44 6 0.2 4.2
476k-500k 27 43 4 0.3 3.8
501k-550k 51 65 19 0.2 4.7
551k-600k 37 68 14 0.3 3.3
601k-650k 42 39 10 0.2 6.5
651k-700k 26 24 2 0.2 6.5
701k-750k 16 21 4 0.2 4.6
751k-800k 20 22 1 0.2 5.5
801k-850k 10 17 0.3 3.5
851k-900k 7 6 1 0.1 7
901k-950k 6 3 0.1 12
951k-1m 5 7 2 0.2 4.3
1m-1.1m 8 7 1 0.1 6.9
1.1m-1.2m 12 3 0 24
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 3 0
1.4m-1.5m 7 2 0 21
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4.5m-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 0.2 0
176k-200k 4 2 0.7 0
201k-225k 4 7 1 0.3 3.4
226k-250k 14 10 3 0.1 8.4
251k-275k 15 37 7 0.4 2.4
276k-300k 24 38 7 0.3 3.8
301k-325k 15 15 0.2 6
326k-350k 15 10 0.1 9
351k-375k 14 5 0.1 16.8
376k-400k 5 6 1 0.2 5
401k-425k 3 1 0.1 18
426k-450k 5 3 1 0.1 10
451k-475k 2 0
476k-500k 2 1 0.1 12
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 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
51k-75k 1 0
151k-175k 2 1 0.1 12
201k-225k 2 1 0.1 12
226k-250k 2 0
251k-275k 1 0
276k-300k 2 0
326k-350k 2 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 5 0
26k-50k 1 0
51k-75k 1 0
76k-100k 3 1 1 0.1 18
101k-125k 3 1 0.1 18
126k-150k 2 5 1 0.4 2.4
151k-175k 2 1 0.1 12
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 1 0
276k-300k 2 0
351k-375k 1 1 0.2 6
376k-400k 1 0
426k-450k 1 0.2 0
451k-475k 1 0.2 0
476k-500k 1 0
601k-650k 1 0
701k-750k 1 0
801k-850k 1 0
951k-1m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 0
6.01m-7m 1 0