Absorption Report

Palm Coast, Multi-unit

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
76k-100k 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 1 9 2 1.5 0.7
176k-200k 3 14 3 0.8 1.3
201k-225k 8 18 7 0.4 2.7
226k-250k 19 36 6 0.3 3.2
251k-275k 15 31 8 0.3 2.9
276k-300k 31 45 17 0.2 4.1
301k-325k 23 33 8 0.2 4.2
326k-350k 53 35 8 0.1 9.1
351k-375k 27 24 3 0.1 6.8
376k-400k 35 31 4 0.1 6.8
401k-425k 20 11 4 0.1 10.9
426k-450k 12 5 1 0.1 14.4
451k-475k 14 9 4 0.1 9.3
476k-500k 21 8 1 0.1 15.8
501k-550k 19 8 2 0.1 14.3
551k-600k 13 9 2 0.1 8.7
601k-650k 6 3 3 0.1 12
651k-700k 6 0
701k-750k 7 1 0 42
751k-800k 7 3 1 0.1 14
801k-850k 1 4 1 0.7 1.5
851k-900k 7 3 1 0.1 14
901k-950k 5 1 0 30
951k-1m 2 1 0.1 12
1.2m-1.3m 2 0
1.4m-1.5m 1 0

Townhouses NAN% 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
251k-275k 2 1 0.3 0
276k-300k 1 0.2 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
101k-125k 2 0.3 0
126k-150k 5 8 1 0.3 3.8
151k-175k 16 13 2 0.1 7.4
176k-200k 3 6 0.3 3
201k-225k 2 1 0.3 0
226k-250k 6 2 0.1 18
276k-300k 1 0
301k-325k 1 0
326k-350k 2 1 0.1 12
351k-375k 5 2 0.1 15
376k-400k 2 2 0.2 6
401k-425k 1 0.2 0
476k-500k 2 0

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 15 4 0.8 1.2
26k-50k 14 15 3 0.2 5.6
51k-75k 18 3 0 36
76k-100k 16 5 1 0.1 19.2
101k-125k 5 1 0 30
126k-150k 8 6 2 0.1 8
151k-175k 5 3 0.1 10
176k-200k 5 2 1 0.1 15
201k-225k 1 0
226k-250k 2 0
251k-275k 3 0
276k-300k 3 0
301k-325k 2 0
326k-350k 4 1 0 24
351k-375k 5 0
376k-400k 1 0
426k-450k 2 3 3 0.3 4
451k-475k 2 0
476k-500k 4 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 1 0
951k-1m 2 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
4.5m-5m 1 0
5.01m-6m 1 0