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 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
126k-150k 3 2 0.5 0
151k-175k 2 0.3 0
176k-200k 5 2 0.8 0
201k-225k 1 3 1 0.5 2
226k-250k 5 7 1 0.2 4.3
251k-275k 3 6 1 0.3 3
276k-300k 7 12 1 0.3 3.5
301k-325k 8 21 6 0.4 2.3
326k-350k 14 15 8 0.2 5.6
351k-375k 16 31 7 0.3 3.1
376k-400k 38 60 8 0.3 3.8
401k-425k 16 13 4 0.1 7.4
426k-450k 18 18 3 0.2 6
451k-475k 4 8 2 0.3 3
476k-500k 14 12 1 0.1 7
501k-550k 24 13 2 0.1 11.1
551k-600k 16 15 4 0.2 6.4
601k-650k 12 16 2 0.2 4.5
651k-700k 10 17 3 0.3 3.5
701k-750k 12 13 3 0.2 5.5
751k-800k 12 9 3 0.1 8
801k-850k 12 6 2 0.1 12
851k-900k 5 3 1 0.1 10
901k-950k 5 3 2 0.1 10
951k-1m 6 5 1 0.1 7.2
1m-1.1m 5 4 0.1 7.5
1.1m-1.2m 11 4 0.1 16.5
1.2m-1.3m 1 4 1 0.7 1.5
1.3m-1.4m 2 3 1 0.3 4
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 7 2 0 21
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 3 0
2m-2.25m 4 2 0.1 12
2.25m-2.5m 4 3 1 0.1 8
2.5m-2.75m 2 0
2.75m-3m 1 0
3m-3.5m 3 1 0.1 18
3.5m-4m 4 2 1 0.1 12
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 2 0.3 3
6.01m-7m 1 0
7.01m-8m 1 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
226k-250k 1 0.2 0
251k-275k 2 2 0.2 6
276k-300k 6 3 0.1 12
301k-325k 4 4 0.2 6
326k-350k 6 4 1 0.1 9
351k-375k 9 4 0.1 13.5
376k-400k 3 4 2 0.2 4.5
401k-425k 1 1 1 0.2 6
426k-450k 6 0
476k-500k 1 0
551k-600k 2 1 0.1 12
701k-750k 1 0
801k-850k 1 0
851k-900k 1 0.2 0
1m-1.1m 1 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
151k-175k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 4 1 0.7 0
226k-250k 1 3 0.5 2
251k-275k 8 1 0 48
276k-300k 6 5 2 0.1 7.2
301k-325k 5 6 3 0.2 5
326k-350k 5 8 3 0.3 3.8
351k-375k 13 6 1 0.1 13
376k-400k 16 6 0.1 16
401k-425k 17 3 1 0 34
426k-450k 15 6 0.1 15
451k-475k 9 1 0 54
476k-500k 12 5 3 0.1 14.4
501k-550k 23 13 4 0.1 10.6
551k-600k 16 14 2 0.1 6.9
601k-650k 7 6 1 0.1 7
651k-700k 13 6 2 0.1 13
701k-750k 14 2 0 42
751k-800k 11 3 0 22
801k-850k 10 2 1 0 30
851k-900k 4 6 0.3 4
901k-950k 6 1 1 0 36
951k-1m 5 4 1 0.1 7.5
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 4 0
1.3m-1.4m 2 1 1 0.1 12
1.4m-1.5m 2 0.3 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.8m-1.9m 3 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 1 0.2 6
3m-3.5m 1 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 4 3 0.1 8
26k-50k 7 6 0.1 7
51k-75k 1 9 2 1.5 0.7
76k-100k 6 4 0.1 9
101k-125k 3 0
126k-150k 2 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 2 1 0.1 12
201k-225k 3 1 0.1 18
226k-250k 2 2 0.2 6
251k-275k 1 2 1 0.3 3
276k-300k 2 1 0.1 12
301k-325k 2 0
326k-350k 6 0
351k-375k 2 0
376k-400k 4 0
401k-425k 1 4 1 0.7 1.5
426k-450k 2 0
451k-475k 2 0
476k-500k 1 3 1 0.5 2
501k-550k 3 0
551k-600k 7 0
601k-650k 3 0
651k-700k 2 0
701k-750k 2 1 0.1 12
751k-800k 2 0
851k-900k 1 0
951k-1m 2 2 1 0.2 6
1m-1.1m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
2.25m-2.5m 1 0
17.01m-18m 1 0