Absorption Report

DeLand, 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
51k-75k 2 0.3 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 4 4 0.2 6
151k-175k 1 4 1 0.7 1.5
176k-200k 9 6 1 0.1 9
201k-225k 5 17 4 0.6 1.8
226k-250k 22 31 7 0.2 4.3
251k-275k 17 21 2 0.2 4.9
276k-300k 23 38 11 0.3 3.6
301k-325k 41 60 11 0.2 4.1
326k-350k 57 84 13 0.2 4.1
351k-375k 41 61 15 0.2 4
376k-400k 41 49 12 0.2 5
401k-425k 32 36 8 0.2 5.3
426k-450k 35 40 8 0.2 5.3
451k-475k 23 25 5 0.2 5.5
476k-500k 20 16 2 0.1 7.5
501k-550k 29 33 6 0.2 5.3
551k-600k 11 18 2 0.3 3.7
601k-650k 8 7 1 0.1 6.9
651k-700k 8 10 2 0.2 4.8
701k-750k 2 2 0.2 6
751k-800k 3 2 1 0.1 9
801k-850k 2 0
851k-900k 4 4 0.2 6
901k-950k 1 0
951k-1m 3 2 0.1 9
1m-1.1m 1 1 0.2 6
1.2m-1.3m 1 0
1.4m-1.5m 2 0
1.7m-1.8m 1 0
2m-2.25m 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 1 0.1 12
226k-250k 2 0.3 0
276k-300k 1 2 0.3 3
326k-350k 2 1 0.1 12
376k-400k 1 0.2 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 3 1 0.1 18
151k-175k 9 9 2 0.2 6
176k-200k 7 3 1 0.1 14
201k-225k 2 3 1 0.3 4
251k-275k 1 0
276k-300k 1 0
301k-325k 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
1k-25k 25 18 2 0.1 8.3
26k-50k 46 26 6 0.1 10.6
51k-75k 17 5 2 0 20.4
76k-100k 11 2 1 0 33
101k-125k 2 5 3 0.4 2.4
126k-150k 9 3 1 0.1 18
151k-175k 4 4 1 0.2 6
176k-200k 6 1 0 36
201k-225k 4 0
226k-250k 6 0
276k-300k 5 0
301k-325k 2 0.3 0
326k-350k 3 0
351k-375k 1 0
376k-400k 1 0
426k-450k 3 0
451k-475k 1 0
501k-550k 2 0
551k-600k 1 1 1 0.2 6
651k-700k 1 0
701k-750k 2 0
751k-800k 1 0
801k-850k 2 0
951k-1m 2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0.2 0
7.01m-8m 1 0
10.01m-11m 1 0