Absorption Report

Palm Coast, 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
176k-200k 2 0.3 0
201k-225k 1 9 2 1.5 0.7
226k-250k 3 37 4 2.1 0.5
251k-275k 20 71 14 0.6 1.7
276k-300k 71 117 21 0.3 3.6
301k-325k 97 149 24 0.3 3.9
326k-350k 119 134 22 0.2 5.3
351k-375k 107 109 17 0.2 5.9
376k-400k 109 78 18 0.1 8.4
401k-425k 63 57 12 0.2 6.6
426k-450k 88 70 16 0.1 7.5
451k-475k 42 45 3 0.2 5.6
476k-500k 41 26 3 0.1 9.5
501k-550k 41 33 4 0.1 7.5
551k-600k 40 23 3 0.1 10.4
601k-650k 25 12 1 0.1 12.5
651k-700k 26 13 1 0.1 12
701k-750k 10 9 0.2 6.7
751k-800k 18 13 0.1 8.3
801k-850k 26 9 3 0.1 17.3
851k-900k 21 11 2 0.1 11.5
901k-950k 4 3 0.1 8
951k-1m 14 6 0.1 14
1m-1.1m 9 11 2 0.2 4.9
1.1m-1.2m 9 4 0.1 13.5
1.2m-1.3m 6 9 2 0.3 4
1.3m-1.4m 9 2 0 27
1.4m-1.5m 6 6 2 0.2 6
1.5m-1.6m 1 3 0.5 2
1.6m-1.7m 5 3 0.1 10
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 3 1 0.5 0
1.9m-2m 3 1 0.1 18
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0.2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 2 1 0.1 12
5.01m-6m 1 0.2 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 2 0.3 0
201k-225k 1 0.2 0
226k-250k 2 10 4 0.8 1.2
251k-275k 5 18 2 0.6 1.7
276k-300k 1 9 4 1.5 0.7
301k-325k 3 1 0.5 0
326k-350k 5 0
351k-375k 2 0
376k-400k 3 0
401k-425k 1 0
426k-450k 1 0
476k-500k 1 1 1 0.2 6

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
151k-175k 3 1 0.5 0
176k-200k 3 7 1 0.4 2.6
201k-225k 9 3 1 0.1 18
226k-250k 10 8 1 0.1 7.5
251k-275k 2 3 0.3 4
276k-300k 6 8 1 0.2 4.5
301k-325k 5 1 1 0 30
326k-350k 5 2 0.1 15
351k-375k 3 0
376k-400k 4 3 1 0.1 8
401k-425k 4 3 0.1 8
426k-450k 4 1 1 0 24
451k-475k 6 3 0.1 12
476k-500k 6 5 0.1 7.2
501k-550k 14 4 1 0 21
551k-600k 10 2 0 30
601k-650k 4 1 0 24
651k-700k 4 2 0.1 12
701k-750k 2 2 0.2 6
751k-800k 6 1 0 36
801k-850k 2 1 1 0.1 12
851k-900k 6 3 1 0.1 12
901k-950k 4 1 0 24
951k-1m 1 1 0.2 6
1m-1.1m 2 3 0.3 4
1.1m-1.2m 1 0
1.2m-1.3m 2 1 0.3 0
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.9m-2m 2 1 0.1 12
2m-2.25m 1 0.2 0
2.5m-2.75m 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 6 0
26k-50k 7 4 0.1 10.5
51k-75k 18 167 14 1.5 0.6
76k-100k 48 47 11 0.2 6.1
101k-125k 15 9 1 0.1 10
126k-150k 21 4 2 0 31.5
151k-175k 17 3 0 34
176k-200k 18 5 2 0 21.6
201k-225k 14 2 0 42
226k-250k 9 3 1 0.1 18
251k-275k 12 6 2 0.1 12
276k-300k 16 0
301k-325k 8 2 0 24
326k-350k 11 0
351k-375k 3 1 0.1 18
376k-400k 5 1 1 0 30
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 2 0
476k-500k 1 0
501k-550k 1 2 0.3 3
601k-650k 2 1 0.1 12
651k-700k 6 0
701k-750k 1 1 0.2 6
751k-800k 5 2 0.1 15
801k-850k 2 0.3 0
851k-900k 2 0
951k-1m 1 3 0.5 2
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2.25m-2.5m 2 0
2.75m-3m 1 0
6.01m-7m 1 0
12.01m-13m 1 0