Supply & Demand in Daytona Beach, 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
26k-50k 1 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 6 1 1 0
126k-150k 3 8 0.4 2.3
151k-175k 5 7 2 0.2 4.3
176k-200k 12 14 4 0.2 5.1
201k-225k 11 14 2 0.2 4.7
226k-250k 20 14 1 0.1 8.6
251k-275k 22 11 2 0.1 12
276k-300k 25 19 3 0.1 7.9
301k-325k 16 22 3 0.2 4.4
326k-350k 25 21 4 0.1 7.1
351k-375k 19 28 3 0.2 4.1
376k-400k 26 20 3 0.1 7.8
401k-425k 15 3 0 30
426k-450k 13 6 0.1 13
451k-475k 7 6 1 0.1 7
476k-500k 9 7 2 0.1 7.7
501k-550k 21 15 6 0.1 8.4
551k-600k 24 5 1 0 28.8
601k-650k 12 10 1 0.1 7.2
651k-700k 7 5 1 0.1 8.4
701k-750k 1 7 2 1.2 0.9
751k-800k 2 1 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
2.75m-3m 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 1 0.2 0
176k-200k 1 1 0.2 6
226k-250k 4 3 0.7 0
251k-275k 3 5 0.3 3.6
276k-300k 3 12 5 0.7 1.5
301k-325k 1 3 0.5 2
326k-350k 1 1 0.2 6
476k-500k 1 0
501k-550k 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
51k-75k 1 0.2 0
76k-100k 6 7 3 0.2 5.1
101k-125k 15 5 0.1 18
126k-150k 21 1 0 126
151k-175k 26 7 3 0 22.3
176k-200k 16 8 2 0.1 12
201k-225k 16 4 2 0 24
226k-250k 9 4 1 0.1 13.5
251k-275k 14 2 0 42
276k-300k 9 3 0.1 18
301k-325k 7 4 0.1 10.5
326k-350k 5 3 2 0.1 10
351k-375k 5 1 0 30
376k-400k 3 0
401k-425k 1 2 0.3 3
426k-450k 3 1 1 0.1 18
451k-475k 4 2 0.1 12
476k-500k 7 6 1 0.1 7
501k-550k 15 2 0 45
551k-600k 9 3 0.1 18
601k-650k 5 0
651k-700k 4 1 0 24
701k-750k 4 0
751k-800k 7 1 1 0 42
801k-850k 5 0
851k-900k 2 0
951k-1m 1 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 0
3.5m-4m 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 3 3 2 0.2 6
26k-50k 10 3 0.1 20
51k-75k 4 0
76k-100k 2 0
101k-125k 2 1 0.1 12
126k-150k 2 0
151k-175k 2 0
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0.2 0
276k-300k 1 0
326k-350k 1 0
376k-400k 1 0
401k-425k 1 0.2 0
476k-500k 1 0
551k-600k 1 0
651k-700k 1 0
851k-900k 1 0
951k-1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.9m-2m 1 0
3.5m-4m 1 0