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
101k-125k 1 0.2 0
151k-175k 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 1 0.2 0
251k-275k 6 3 1 0
276k-300k 15 11 3 0.1 8.2
301k-325k 8 41 3 0.9 1.2
326k-350k 26 76 12 0.5 2.1
351k-375k 24 66 6 0.5 2.2
376k-400k 37 73 9 0.3 3
401k-425k 38 67 4 0.3 3.4
426k-450k 41 75 8 0.3 3.3
451k-475k 40 58 6 0.2 4.1
476k-500k 52 60 8 0.2 5.2
501k-550k 55 91 17 0.3 3.6
551k-600k 51 59 7 0.2 5.2
601k-650k 35 56 5 0.3 3.8
651k-700k 34 47 8 0.2 4.3
701k-750k 22 36 4 0.3 3.7
751k-800k 16 29 3 0.3 3.3
801k-850k 14 13 1 0.2 6.5
851k-900k 13 17 6 0.2 4.6
901k-950k 5 9 0.3 3.3
951k-1m 10 9 1 0.2 6.7
1m-1.1m 8 10 0.2 4.8
1.1m-1.2m 8 6 1 0.1 8
1.2m-1.3m 10 8 2 0.1 7.5
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 6 3 0.1 12
1.5m-1.6m 4 1 1 0 24
1.7m-1.8m 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 2 0.3 0
176k-200k 1 1 0.2 6
201k-225k 8 5 2 0.1 9.6
226k-250k 5 12 0.4 2.5
251k-275k 13 22 2 0.3 3.5
276k-300k 35 44 3 0.2 4.8
301k-325k 23 37 3 0.3 3.7
326k-350k 14 13 2 0.2 6.5
351k-375k 10 10 1 0.2 6
376k-400k 5 13 1 0.4 2.3
401k-425k 2 3 1 0.3 4
426k-450k 6 7 2 0.2 5.1
451k-475k 1 6 3 1 1
476k-500k 2 3 1 0.3 4
551k-600k 1 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 1 0.2 0
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 1 0
301k-325k 1 0
326k-350k 1 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
26k-50k 3 0
51k-75k 1 2 1 0.3 3
76k-100k 2 0
101k-125k 3 0
126k-150k 3 0
151k-175k 4 2 0.1 12
176k-200k 3 1 0.5 0
201k-225k 1 1 0.2 6
226k-250k 2 1 0.1 12
276k-300k 1 0
326k-350k 1 0
426k-450k 2 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
601k-650k 1 1 0.2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0.3 0
801k-850k 1 0
951k-1m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
4m-4.5m 1 0.2 0
6.01m-7m 1 0