Supply & Demand in Ormond 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
-24,000-0 1 1 0.2 0
76k-100k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 6 3 1 0
226k-250k 2 3 1 0.3 4
251k-275k 4 1 0.7 0
276k-300k 3 8 0.4 2.3
301k-325k 8 13 4 0.3 3.7
326k-350k 15 14 3 0.2 6.4
351k-375k 25 15 2 0.1 10
376k-400k 28 27 6 0.2 6.2
401k-425k 16 18 6 0.2 5.3
426k-450k 23 17 4 0.1 8.1
451k-475k 8 12 0.3 4
476k-500k 12 8 2 0.1 9
501k-550k 11 15 2 0.2 4.4
551k-600k 20 11 3 0.1 10.9
601k-650k 10 12 5 0.2 5
651k-700k 15 15 5 0.2 6
701k-750k 7 7 1 0.2 6
751k-800k 10 4 0.1 15
801k-850k 5 6 2 0.2 5
851k-900k 6 2 1 0.1 18
901k-950k 1 1 0.2 6
951k-1m 5 4 2 0.1 7.5
1m-1.1m 3 1 1 0.1 18
1.1m-1.2m 7 4 2 0.1 10.5
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 1 1 0.2 0
1.4m-1.5m 5 0
1.6m-1.7m 3 1 0.1 18
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 3 0.5 0
2.75m-3m 1 0
3m-3.5m 3 1 0.1 18
4.5m-5m 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
151k-175k 1 0
176k-200k 1 0
226k-250k 1 0.2 0
251k-275k 3 0
276k-300k 2 3 1 0.3 4
301k-325k 2 5 2 0.4 2.4
326k-350k 2 3 0.3 4
351k-375k 3 3 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 8 2 0.7 1.5
451k-475k 2 0.3 0
476k-500k 1 0
951k-1m 2 0.3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 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 3 3 1 0.2 6
176k-200k 7 1 0 42
201k-225k 2 0
226k-250k 5 3 1 0.1 10
251k-275k 3 1 0.1 18
276k-300k 5 2 0.1 15
301k-325k 5 2 0.1 15
326k-350k 9 3 0.1 18
351k-375k 2 1 0.1 12
376k-400k 11 1 0 66
401k-425k 4 2 0.1 12
426k-450k 3 0
476k-500k 4 0
501k-550k 2 0
551k-600k 4 2 0.1 12
601k-650k 1 0
701k-750k 1 0
751k-800k 1 1 0.2 0

Land 6% 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 1 1 0.2 0
26k-50k 3 0.5 0
51k-75k 1 0
76k-100k 2 0
101k-125k 2 0.3 0
126k-150k 1 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 0
201k-225k 2 0
226k-250k 2 0
251k-275k 2 0
276k-300k 1 0
326k-350k 1 1 0.2 0
376k-400k 1 0
451k-475k 1 0
476k-500k 1 0
2.75m-3m 1 0.2 0
4.5m-5m 1 0