Supply & Demand in DeLand, 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 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 1 1 0.2 0
76k-100k 1 3 1 0.5 2
101k-125k 2 0.3 0
126k-150k 1 0.2 0
151k-175k 3 4 0.2 4.5
176k-200k 1 7 1 1.2 0.9
201k-225k 5 15 3 0.5 2
226k-250k 11 30 5 0.5 2.2
251k-275k 8 37 5 0.8 1.3
276k-300k 7 36 7 0.9 1.2
301k-325k 14 47 16 0.6 1.8
326k-350k 44 68 11 0.3 3.9
351k-375k 41 60 11 0.2 4.1
376k-400k 38 68 14 0.3 3.4
401k-425k 25 49 7 0.3 3.1
426k-450k 32 31 10 0.2 6.2
451k-475k 20 38 3 0.3 3.2
476k-500k 19 28 4 0.2 4.1
501k-550k 21 20 5 0.2 6.3
551k-600k 14 10 3 0.1 8.4
601k-650k 7 4 1 0.1 10.5
651k-700k 5 4 2 0.1 7.5
701k-750k 4 1 0 24
751k-800k 1 3 1 0.5 2
801k-850k 2 1 0.1 12
851k-900k 2 2 0.2 6
901k-950k 1 1 0.2 0
951k-1m 1 1 0.2 6
1.2m-1.3m 2 0
1.4m-1.5m 3 0
2m-2.25m 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
276k-300k 1 2 1 0.3 3
301k-325k 2 3 0.3 4
351k-375k 1 1 0.2 6
426k-450k 1 0
1.2m-1.3m 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 2 0.3 0
151k-175k 6 9 4 0.3 4
176k-200k 6 2 1 0.1 18
201k-225k 2 0
251k-275k 2 2 1 0.2 6
301k-325k 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 28 28 3 0.2 6
26k-50k 37 16 0.1 13.9
51k-75k 11 5 0.1 13.2
76k-100k 7 6 2 0.1 7
101k-125k 2 4 1 0.3 3
126k-150k 4 8 2 0.3 3
151k-175k 5 7 5 0.2 4.3
176k-200k 5 2 0.1 15
201k-225k 1 0.2 0
226k-250k 4 0
251k-275k 3 0
276k-300k 1 1 0.2 6
326k-350k 5 0
376k-400k 3 0
401k-425k 1 0.2 0
426k-450k 4 0
476k-500k 2 0
501k-550k 2 0
551k-600k 1 0
601k-650k 1 1 0.2 6
701k-750k 1 0
851k-900k 2 0
951k-1m 1 1 0.2 6
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
7.01m-8m 1 0