Absorption Report

Palm Coast, Land, Matanzas Lakes, Norris

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 Since 12/31 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 2 0.3 0
76k-100k 5 0.8 0
101k-125k 1 9 2 1.5 0.7
126k-150k 3 15 3 0.8 1.2
151k-175k 6 29 6 0.8 1.2
176k-200k 7 19 5 0.5 2.2
201k-225k 15 41 7 0.5 2.2
226k-250k 22 57 13 0.4 2.3
251k-275k 26 48 13 0.3 3.3
276k-300k 14 71 13 0.8 1.2
301k-325k 12 58 11 0.8 1.2
326k-350k 29 54 10 0.3 3.2
351k-375k 32 53 15 0.3 3.6
376k-400k 31 64 13 0.3 2.9
401k-425k 25 65 14 0.4 2.3
426k-450k 34 40 10 0.2 5.1
451k-475k 14 26 6 0.3 3.2
476k-500k 23 24 2 0.2 5.8
501k-550k 30 55 13 0.3 3.3
551k-600k 21 31 7 0.2 4.1
601k-650k 18 21 7 0.2 5.1
651k-700k 12 16 5 0.2 4.5
701k-750k 10 11 3 0.2 5.5
751k-800k 6 14 4 0.4 2.6
801k-850k 10 11 4 0.2 5.5
851k-900k 6 11 4 0.3 3.3
901k-950k 1 4 0.7 1.5
951k-1m 6 4 2 0.1 9
1m-1.1m 4 4 0.2 6
1.1m-1.2m 4 5 3 0.2 4.8
1.2m-1.3m 6 3 0.1 12
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 3 1 0.5 2
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 1 1 0.2 6
2m-2.25m 1 1 1 0.2 6
2.5m-2.75m 1 0
3m-3.5m 1 1 0.2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 2 1 0.1 12
101k-125k 2 0.3 0
126k-150k 1 6 2 1 1
151k-175k 1 14 2 2.3 0.4
176k-200k 10 18 3 0.3 3.3
201k-225k 4 9 3 0.4 2.7
226k-250k 7 11 2 0.3 3.8
251k-275k 3 7 3 0.4 2.6
276k-300k 4 1 0 24
301k-325k 3 1 0.5 0
326k-350k 1 2 0.3 3
376k-400k 2 0.3 0
401k-425k 1 0
476k-500k 1 0
501k-550k 2 0.3 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 1 0.7 0
76k-100k 19 13 3 0.1 8.8
101k-125k 18 17 4 0.2 6.4
126k-150k 18 28 8 0.3 3.9
151k-175k 30 26 6 0.1 6.9
176k-200k 37 41 6 0.2 5.4
201k-225k 24 17 7 0.1 8.5
226k-250k 19 12 2 0.1 9.5
251k-275k 12 12 5 0.2 6
276k-300k 2 7 1 0.6 1.7
301k-325k 6 4 0.1 9
326k-350k 2 5 0.4 2.4
351k-375k 2 6 1 0.5 2
376k-400k 2 3 3 0.3 4
401k-425k 3 0
451k-475k 1 1 0.2 6
476k-500k 2 0
501k-550k 1 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 4 1 0 24

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 6 3 0.3 3
26k-50k 10 1.7 0
51k-75k 3 3 1 0.2 6
76k-100k 8 6 0.1 8
101k-125k 5 3 1 0.1 10
126k-150k 4 1 0 24
151k-175k 3 6 1 0.3 3
176k-200k 7 0
201k-225k 1 3 0.5 2
226k-250k 5 2 0.1 15
251k-275k 10 4 2 0.1 15
276k-300k 7 0
301k-325k 3 0
326k-350k 1 0
351k-375k 1 0
376k-400k 2 0
401k-425k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 3 0
551k-600k 1 1 0.2 6
601k-650k 1 1 0.2 6
701k-750k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0.2 0
2.75m-3m 2 0
3m-3.5m 2 1 0.1 12
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0
9.01m-10m 1 0
32.01m-33m 1 0