Supply & Demand in Zephyrhills, 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 0.2 0
76k-100k 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 2 5 1 0.4 2.4
151k-175k 2 7 2 0.6 1.7
176k-200k 6 9 0.3 4
201k-225k 5 16 3 0.5 1.9
226k-250k 15 20 3 0.2 4.5
251k-275k 13 16 2 0.2 4.9
276k-300k 21 42 2 0.3 3
301k-325k 15 42 8 0.5 2.1
326k-350k 37 53 6 0.2 4.2
351k-375k 49 66 12 0.2 4.5
376k-400k 42 65 5 0.3 3.9
401k-425k 24 35 3 0.2 4.1
426k-450k 14 37 7 0.4 2.3
451k-475k 12 16 5 0.2 4.5
476k-500k 12 20 7 0.3 3.6
501k-550k 23 30 6 0.2 4.6
551k-600k 22 17 0.1 7.8
601k-650k 20 9 0.1 13.3
651k-700k 15 6 1 0.1 15
701k-750k 10 3 1 0.1 20
751k-800k 7 2 0 21
801k-850k 3 4 0.2 4.5
851k-900k 1 4 1 0.7 1.5
901k-950k 1 4 0.7 1.5
951k-1m 4 3 1 0.1 8
1m-1.1m 2 4 1 0.3 3
1.1m-1.2m 4 5 0.2 4.8
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 2 6 0.5 2
1.4m-1.5m 1 1 0.2 0
1.6m-1.7m 1 0.2 0
2m-2.25m 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 1 0.2 0
176k-200k 1 5 1 0.8 1.2
201k-225k 3 9 0.5 2
226k-250k 2 24 2 0.5
251k-275k 1 4 0.7 1.5
276k-300k 4 3 0.1 8
301k-325k 2 0.3 0
326k-350k 1 0.2 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 0.2 0
76k-100k 2 3 1 0.3 4
101k-125k 3 2 0.1 9
126k-150k 7 4 1 0.1 10.5
151k-175k 2 1 0.1 12
176k-200k 3 1 0.1 18
201k-225k 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 2 0
26k-50k 8 1 0 48
51k-75k 5 9 1 0.3 3.3
76k-100k 1 4 1 0.7 1.5
101k-125k 3 1 0.1 18
126k-150k 4 1 0 24
151k-175k 3 0
176k-200k 2 1 0.1 12
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 2 0
301k-325k 1 0.2 0
326k-350k 2 1 0.1 12
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 1 0
501k-550k 1 0
701k-750k 1 0
801k-850k 1 0
951k-1m 1 0
1.1m-1.2m 2 0
1.4m-1.5m 1 0
2.5m-2.75m 2 0