Supply & Demand in New Smyrna 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
76k-100k 1 2 1 0.3 3
101k-125k 1 1 0.2 6
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 2 4 1 0.3 3
201k-225k 3 5 0.3 3.6
226k-250k 1 9 3 1.5 0.7
251k-275k 14 8 4 0.1 10.5
276k-300k 13 7 2 0.1 11.1
301k-325k 9 11 1 0.2 4.9
326k-350k 25 27 8 0.2 5.6
351k-375k 17 36 8 0.4 2.8
376k-400k 28 17 3 0.1 9.9
401k-425k 20 18 5 0.2 6.7
426k-450k 20 10 4 0.1 12
451k-475k 11 4 1 0.1 16.5
476k-500k 23 15 3 0.1 9.2
501k-550k 18 18 4 0.2 6
551k-600k 23 18 5 0.1 7.7
601k-650k 9 20 5 0.4 2.7
651k-700k 18 17 4 0.2 6.4
701k-750k 13 15 2 0.2 5.2
751k-800k 11 9 1 0.1 7.3
801k-850k 12 10 2 0.1 7.2
851k-900k 13 6 1 0.1 13
901k-950k 9 5 0.1 10.8
951k-1m 14 3 1 0 28
1m-1.1m 12 3 0 24
1.1m-1.2m 12 1 0 72
1.2m-1.3m 13 3 1 0 26
1.3m-1.4m 5 1 0 30
1.4m-1.5m 9 3 2 0.1 18
1.5m-1.6m 3 0
1.6m-1.7m 3 3 1 0.2 6
1.7m-1.8m 8 3 1 0.1 16
1.8m-1.9m 6 0
1.9m-2m 8 0
2m-2.25m 6 2 1 0.1 18
2.25m-2.5m 4 2 1 0.1 12
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 3 0
3m-3.5m 3 3 1 0.2 6
3.5m-4m 4 0
4m-4.5m 2 1 0.1 12
5.01m-6m 5 1 0 30
6.01m-7m 4 0
7.01m-8m 2 0
9.01m-10m 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
201k-225k 1 1 0.2 0
226k-250k 2 3 0.3 4
251k-275k 7 8 1 0.2 5.3
276k-300k 4 3 0.1 8
301k-325k 2 3 0.3 4
326k-350k 7 4 2 0.1 10.5
351k-375k 11 6 0.1 11
376k-400k 2 4 0.3 3
401k-425k 3 0
426k-450k 2 1 1 0.1 12
451k-475k 1 1 1 0.2 6
501k-550k 2 0
551k-600k 3 1 0.1 18
601k-650k 3 0
651k-700k 1 0
751k-800k 1 0
1.2m-1.3m 1 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
201k-225k 1 4 1 0.7 1.5
226k-250k 8 2 0 24
251k-275k 8 3 2 0.1 16
276k-300k 11 7 2 0.1 9.4
301k-325k 6 2 0.1 18
326k-350k 19 9 3 0.1 12.7
351k-375k 13 9 3 0.1 8.7
376k-400k 17 3 0 34
401k-425k 19 3 0 38
426k-450k 19 5 1 0 22.8
451k-475k 16 9 2 0.1 10.7
476k-500k 19 7 1 0.1 16.3
501k-550k 37 12 3 0.1 18.5
551k-600k 26 11 1 0.1 14.2
601k-650k 13 7 1 0.1 11.1
651k-700k 20 6 1 0.1 20
701k-750k 16 4 0 24
751k-800k 12 3 0 24
801k-850k 8 3 2 0.1 16
851k-900k 3 0
901k-950k 3 2 0.1 9
951k-1m 5 4 0.1 7.5
1m-1.1m 4 0
1.1m-1.2m 5 6 4 0.2 5
1.2m-1.3m 5 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.9m-2m 2 0
2.5m-2.75m 1 1 0.2 6

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 1 1 0.1 18
26k-50k 9 7 1 0.1 7.7
51k-75k 7 2 0 21
76k-100k 5 1 0 30
101k-125k 4 2 0.1 12
126k-150k 3 1 0.1 18
151k-175k 2 0.3 0
176k-200k 2 0
201k-225k 2 0
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 1 0
301k-325k 2 4 0.3 3
326k-350k 1 3 0.5 2
351k-375k 4 0
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 7 0
601k-650k 1 0
651k-700k 2 0
701k-750k 2 0
751k-800k 2 0
801k-850k 2 0
851k-900k 3 0
901k-950k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 3 1 1 0.1 18
1.2m-1.3m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.5m-2.75m 1 0
16.01m-17m 1 0