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
151k-175k 1 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 1 0.2 0
251k-275k 4 0.7 0
276k-300k 4 20 3 0.8 1.2
301k-325k 15 39 9 0.4 2.3
326k-350k 29 53 11 0.3 3.3
351k-375k 19 71 12 0.6 1.6
376k-400k 40 59 8 0.2 4.1
401k-425k 33 62 14 0.3 3.2
426k-450k 27 47 9 0.3 3.4
451k-475k 40 43 4 0.2 5.6
476k-500k 47 45 13 0.2 6.3
501k-550k 47 68 11 0.2 4.1
551k-600k 42 76 8 0.3 3.3
601k-650k 36 39 6 0.2 5.5
651k-700k 32 29 6 0.2 6.6
701k-750k 15 29 8 0.3 3.1
751k-800k 26 22 2 0.1 7.1
801k-850k 9 16 2 0.3 3.4
851k-900k 11 11 3 0.2 6
901k-950k 7 6 4 0.1 7
951k-1m 4 8 0.3 3
1m-1.1m 5 8 2 0.3 3.8
1.1m-1.2m 10 4 0.1 15
1.2m-1.3m 2 2 1 0.2 6
1.3m-1.4m 3 0
1.4m-1.5m 5 0
1.6m-1.7m 1 0
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
176k-200k 1 6 2 1 1
201k-225k 2 9 5 0.8 1.3
226k-250k 13 9 3 0.1 8.7
251k-275k 16 40 5 0.4 2.4
276k-300k 39 39 5 0.2 6
301k-325k 28 24 8 0.1 7
326k-350k 24 11 2 0.1 13.1
351k-375k 14 4 1 0 21
376k-400k 5 8 3 0.3 3.8
401k-425k 7 1 0 42
426k-450k 5 3 0.1 10
451k-475k 3 0
476k-500k 1 0.2 0
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 1 1 1 0.2 6
226k-250k 2 0
251k-275k 1 0
276k-300k 2 0
301k-325k 2 1 1 0.1 12
326k-350k 1 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 3 0
51k-75k 1 1 0.2 0
76k-100k 2 3 1 0.3 4
101k-125k 3 1 0.1 18
126k-150k 1 5 0.8 1.2
151k-175k 2 3 2 0.3 4
176k-200k 2 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 1 0
501k-550k 1 0
701k-750k 1 1 1 0.2 6
951k-1m 3 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