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 2 3 0.3 4
176k-200k 9 7 1 0.1 7.7
201k-225k 5 18 5 0.6 1.7
226k-250k 19 27 4 0.2 4.2
251k-275k 17 16 1 0.2 6.4
276k-300k 22 37 11 0.3 3.6
301k-325k 37 57 8 0.3 3.9
326k-350k 54 84 14 0.3 3.9
351k-375k 40 58 13 0.2 4.1
376k-400k 35 47 10 0.2 4.5
401k-425k 29 36 5 0.2 4.8
426k-450k 34 34 6 0.2 6
451k-475k 22 18 3 0.1 7.3
476k-500k 21 18 4 0.1 7
501k-550k 30 32 7 0.2 5.6
551k-600k 11 17 2 0.3 3.9
601k-650k 8 7 2 0.1 6.9
651k-700k 8 11 3 0.2 4.4
701k-750k 3 2 0.1 9
751k-800k 2 2 0.2 6
801k-850k 2 0
851k-900k 4 4 0.2 6
901k-950k 2 0
951k-1m 1 2 0.3 3
1m-1.1m 1 1 0.2 6
1.2m-1.3m 1 0
1.4m-1.5m 2 0
1.7m-1.8m 2 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 1 0.2 6
176k-200k 7 4 2 0.1 10.5
201k-225k 2 3 1 0.3 4
251k-275k 1 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
1k-25k 25 16 2 0.1 9.4
26k-50k 45 24 2 0.1 11.3
51k-75k 16 5 0.1 19.2
76k-100k 11 2 1 0 33
101k-125k 2 5 0.4 2.4
126k-150k 9 3 1 0.1 18
151k-175k 4 3 1 0.1 8
176k-200k 6 1 0 36
201k-225k 3 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 2 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