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 7 2 1.2 0
226k-250k 3 37 3 2.1 0.5
251k-275k 20 67 14 0.6 1.8
276k-300k 55 117 13 0.4 2.8
301k-325k 113 154 15 0.2 4.4
326k-350k 113 145 15 0.2 4.7
351k-375k 106 120 11 0.2 5.3
376k-400k 121 77 9 0.1 9.4
401k-425k 76 64 6 0.1 7.1
426k-450k 86 65 6 0.1 7.9
451k-475k 41 51 5 0.2 4.8
476k-500k 47 31 0.1 9.1
501k-550k 41 39 3 0.2 6.3
551k-600k 41 29 4 0.1 8.5
601k-650k 25 22 1 0.1 6.8
651k-700k 31 16 0.1 11.6
701k-750k 10 14 2 0.2 4.3
751k-800k 17 15 1 0.1 6.8
801k-850k 18 6 0.1 18
851k-900k 18 9 2 0.1 12
901k-950k 5 4 2 0.1 7.5
951k-1m 17 8 0.1 12.8
1m-1.1m 10 10 0.2 6
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 6 7 1 0.2 5.1
1.3m-1.4m 9 2 1 0 27
1.4m-1.5m 6 3 0.1 12
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 5 3 1 0.1 10
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 0.3 0
1.9m-2m 2 1 0.1 12
2m-2.25m 2 0
2.25m-2.5m 1 2 0.3 3
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 0.2 6
4.5m-5m 1 1 0.2 6
5.01m-6m 2 0.3 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 2 0.3 0
201k-225k 1 0.2 0
226k-250k 8 3 1.3 0
251k-275k 5 18 3 0.6 1.7
276k-300k 1 7 2 1.2 0.9
301k-325k 2 0.3 0
326k-350k 3 0
351k-375k 3 0
376k-400k 2 0
401k-425k 1 0
426k-450k 1 0
476k-500k 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 0.2 0
151k-175k 2 0.3 0
176k-200k 4 8 1 0.3 3
201k-225k 4 4 0.2 6
226k-250k 13 7 4 0.1 11.1
251k-275k 6 4 0.1 9
276k-300k 6 8 0.2 4.5
301k-325k 5 2 0.1 15
326k-350k 5 3 0.1 10
351k-375k 3 0
376k-400k 4 3 0.1 8
401k-425k 4 4 0.2 6
426k-450k 4 1 0 24
451k-475k 6 4 0.1 9
476k-500k 7 5 0.1 8.4
501k-550k 11 4 1 0.1 16.5
551k-600k 12 2 0 36
601k-650k 5 1 1 0 30
651k-700k 3 3 1 0.2 6
701k-750k 2 3 0.3 4
751k-800k 5 1 0 30
801k-850k 3 0
851k-900k 5 3 0.1 10
901k-950k 3 1 0.1 18
951k-1m 2 1 0.1 12
1m-1.1m 2 3 0.3 4
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 3 1 0.3 4
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0.2 0
2.5m-2.75m 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 5 0
26k-50k 8 5 0.1 9.6
51k-75k 21 194 18 1.5 0.6
76k-100k 41 43 11 0.2 5.7
101k-125k 13 10 1 0.1 7.8
126k-150k 23 4 0 34.5
151k-175k 17 3 0 34
176k-200k 18 4 0 27
201k-225k 14 2 0 42
226k-250k 11 3 0 22
251k-275k 11 4 0.1 16.5
276k-300k 20 0
301k-325k 10 2 0 30
326k-350k 10 1 0 60
351k-375k 4 1 0 24
376k-400k 6 1 0 36
401k-425k 2 3 0.3 4
451k-475k 2 0
476k-500k 1 0
501k-550k 1 2 2 0.3 3
601k-650k 2 1 1 0.1 12
651k-700k 4 0
701k-750k 1 1 0.2 6
751k-800k 3 4 0.2 4.5
801k-850k 2 2 0.2 6
851k-900k 1 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
4m-4.5m 1 0
6.01m-7m 1 0
12.01m-13m 1 0