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 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
151k-175k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 9 4 1.5 0.7
276k-300k 7 15 7 0.4 2.8
301k-325k 18 35 4 0.3 3.1
326k-350k 27 81 17 0.5 2
351k-375k 23 60 7 0.4 2.3
376k-400k 32 65 9 0.3 3
401k-425k 46 58 11 0.2 4.8
426k-450k 35 66 11 0.3 3.2
451k-475k 37 46 7 0.2 4.8
476k-500k 43 46 7 0.2 5.6
501k-550k 44 73 8 0.3 3.6
551k-600k 50 50 5 0.2 6
601k-650k 35 51 8 0.2 4.1
651k-700k 32 42 6 0.2 4.6
701k-750k 16 37 4 0.4 2.6
751k-800k 14 23 3 0.3 3.7
801k-850k 12 10 0.1 7.2
851k-900k 10 13 0.2 4.6
901k-950k 8 7 0.1 6.9
951k-1m 11 8 0.1 8.3
1m-1.1m 7 7 2 0.2 6
1.1m-1.2m 11 4 0.1 16.5
1.2m-1.3m 7 4 0.1 10.5
1.3m-1.4m 4 3 0.1 8
1.4m-1.5m 5 3 1 0.1 10
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 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
151k-175k 2 0.3 0
176k-200k 1 1 0.2 6
201k-225k 5 7 2 0.2 4.3
226k-250k 5 10 2 0.3 3
251k-275k 13 26 8 0.3 3
276k-300k 32 38 8 0.2 5.1
301k-325k 18 32 1 0.3 3.4
326k-350k 14 12 1 0.1 7
351k-375k 7 11 0.3 3.8
376k-400k 9 11 1 0.2 4.9
401k-425k 3 3 0.2 6
426k-450k 2 6 0.5 2
451k-475k 2 4 0.3 3
476k-500k 2 3 0.3 4
551k-600k 2 0
601k-650k 1 0
651k-700k 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
126k-150k 1 0.2 0
176k-200k 1 0
226k-250k 1 1 0.2 6
251k-275k 2 0
276k-300k 2 0
301k-325k 1 0
326k-350k 2 0

Land 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 3 0.5 0
26k-50k 3 0
51k-75k 3 1 0.1 18
101k-125k 5 0
126k-150k 2 0
151k-175k 3 1 0.1 18
176k-200k 3 4 1 0.2 4.5
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 6
276k-300k 1 0
326k-350k 1 0
351k-375k 1 1 0.2 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 2 0.3 3
801k-850k 1 0
951k-1m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 2 0
2.25m-2.5m 2 0
4m-4.5m 1 0.2 0
6.01m-7m 1 0