Supply & Demand in Palm Coast, 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
151k-175k 1 1 0.2 0
176k-200k 1 4 1 0.7 1.5
201k-225k 11 1 1.8 0
226k-250k 8 25 4 0.5 1.9
251k-275k 19 67 16 0.6 1.7
276k-300k 69 93 14 0.2 4.5
301k-325k 106 132 29 0.2 4.8
326k-350k 153 153 31 0.2 6
351k-375k 142 104 23 0.1 8.2
376k-400k 128 87 19 0.1 8.8
401k-425k 68 61 14 0.1 6.7
426k-450k 102 61 12 0.1 10
451k-475k 34 29 3 0.1 7
476k-500k 56 21 6 0.1 16
501k-550k 57 33 5 0.1 10.4
551k-600k 44 17 3 0.1 15.5
601k-650k 25 17 5 0.1 8.8
651k-700k 31 6 2 0 31
701k-750k 30 8 1 0 22.5
751k-800k 29 10 4 0.1 17.4
801k-850k 22 17 4 0.1 7.8
851k-900k 24 9 0.1 16
901k-950k 13 8 3 0.1 9.8
951k-1m 10 5 0.1 12
1m-1.1m 12 8 1 0.1 9
1.1m-1.2m 10 9 4 0.2 6.7
1.2m-1.3m 10 10 5 0.2 6
1.3m-1.4m 5 4 1 0.1 7.5
1.4m-1.5m 11 5 0.1 13.2
1.5m-1.6m 3 2 1 0.1 9
1.6m-1.7m 3 7 2 0.4 2.6
1.7m-1.8m 2 0
1.8m-1.9m 1 2 1 0.3 3
1.9m-2m 2 1 0.1 12
2m-2.25m 1 3 1 0.5 2
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 1 0.2 6
3m-3.5m 1 2 0.3 3
3.5m-4m 2 1 1 0.1 12
4m-4.5m 1 0
4.5m-5m 1 1 0.2 6
5.01m-6m 2 0
12.01m-13m 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 2 0.3 0
226k-250k 13 1 2.2 0
251k-275k 5 11 3 0.4 2.7
276k-300k 7 8 1 0.2 5.3
301k-325k 2 2 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 2 0.3 0
376k-400k 2 0
401k-425k 2 0.3 0
451k-475k 1 0
476k-500k 1 1 0.2 6

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
151k-175k 1 2 1 0.3 3
176k-200k 10 4 0.1 15
201k-225k 10 3 0.1 20
226k-250k 13 8 1 0.1 9.8
251k-275k 4 2 0.1 12
276k-300k 8 3 0.1 16
301k-325k 6 3 0.1 12
326k-350k 6 1 0 36
351k-375k 3 0
376k-400k 7 4 1 0.1 10.5
401k-425k 3 1 0.1 18
426k-450k 5 2 0.1 15
451k-475k 5 2 1 0.1 15
476k-500k 12 3 1 0 24
501k-550k 20 7 0.1 17.1
551k-600k 7 4 3 0.1 10.5
601k-650k 7 4 1 0.1 10.5
651k-700k 8 1 0 48
701k-750k 5 2 1 0.1 15
751k-800k 7 1 0 42
801k-850k 4 1 0 24
851k-900k 5 2 1 0.1 15
901k-950k 3 2 0.1 9
951k-1m 1 0.2 0
1m-1.1m 1 3 0.5 2
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 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 1 0.1 18
26k-50k 5 0
51k-75k 34 99 14 0.5 2.1
76k-100k 72 92 17 0.2 4.7
101k-125k 15 8 2 0.1 11.3
126k-150k 20 7 0.1 17.1
151k-175k 21 3 0 42
176k-200k 31 2 0 93
201k-225k 15 2 0 45
226k-250k 14 4 0 21
251k-275k 13 3 0 26
276k-300k 18 1 0 108
301k-325k 10 0
326k-350k 9 0
351k-375k 4 2 0.1 12
376k-400k 3 3 1 0.2 6
401k-425k 1 0
426k-450k 3 0
451k-475k 4 0
476k-500k 3 0
501k-550k 3 1 0.5 0
551k-600k 1 0
601k-650k 3 2 1 0.1 9
651k-700k 5 0
701k-750k 2 1 0.1 12
751k-800k 6 1 0 36
851k-900k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 1 2 0.3 3
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 2 1 0.1 12
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 1 1 0.2 0
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0