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 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 2 0.3 0
176k-200k 5 1 0.8 0
201k-225k 1 3 0.5 2
226k-250k 4 16 4 0.7 1.5
251k-275k 20 44 10 0.4 2.7
276k-300k 48 99 16 0.3 2.9
301k-325k 97 160 32 0.3 3.6
326k-350k 119 143 20 0.2 5
351k-375k 85 91 23 0.2 5.6
376k-400k 81 85 14 0.2 5.7
401k-425k 45 76 20 0.3 3.6
426k-450k 81 49 5 0.1 9.9
451k-475k 34 40 4 0.2 5.1
476k-500k 58 39 6 0.1 8.9
501k-550k 39 40 12 0.2 5.9
551k-600k 36 35 6 0.2 6.2
601k-650k 27 22 4 0.1 7.4
651k-700k 25 18 9 0.1 8.3
701k-750k 11 17 6 0.3 3.9
751k-800k 19 14 3 0.1 8.1
801k-850k 14 8 2 0.1 10.5
851k-900k 12 6 1 0.1 12
901k-950k 7 9 2 0.2 4.7
951k-1m 9 3 1 0.1 18
1m-1.1m 7 4 0.1 10.5
1.1m-1.2m 8 5 2 0.1 9.6
1.2m-1.3m 7 3 1 0.1 14
1.3m-1.4m 5 1 1 0 30
1.4m-1.5m 3 3 1 0.2 6
1.5m-1.6m 8 1 1 0 48
1.6m-1.7m 2 0.3 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 4 0
1.9m-2m 5 2 1 0.1 15
2m-2.25m 2 0.3 0
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 2 1 0.1 12
3m-3.5m 2 0.3 0
4m-4.5m 4 0
5.01m-6m 1 0
6.01m-7m 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
176k-200k 3 0.5 0
251k-275k 5 16 7 0.5 1.9
276k-300k 8 20 4 0.4 2.4
301k-325k 3 4 1 0.2 4.5
326k-350k 6 2 1 0.1 18
351k-375k 2 0
376k-400k 1 0
401k-425k 2 0
426k-450k 2 0
451k-475k 2 0.3 0
476k-500k 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 1 0.2 0
151k-175k 3 1 0.5 0
176k-200k 4 9 2 0.4 2.7
201k-225k 4 2 0.1 12
226k-250k 8 4 1 0.1 12
251k-275k 4 6 0.3 4
276k-300k 8 2 0 24
301k-325k 6 3 0.1 12
326k-350k 9 3 0.1 18
351k-375k 6 5 2 0.1 7.2
376k-400k 7 4 0.1 10.5
401k-425k 4 3 0.1 8
426k-450k 6 4 0.1 9
451k-475k 4 2 0.1 12
476k-500k 4 5 1 0.2 4.8
501k-550k 7 8 2 0.2 5.3
551k-600k 12 6 3 0.1 12
601k-650k 5 2 2 0.1 15
651k-700k 3 2 1 0.1 9
701k-750k 11 2 1 0 33
751k-800k 8 3 2 0.1 16
801k-850k 1 0
851k-900k 5 3 1 0.1 10
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 1 0.2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
2m-2.25m 1 0.2 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 3 1 0.1 18
26k-50k 9 24 3 0.4 2.3
51k-75k 61 235 39 0.6 1.6
76k-100k 27 23 5 0.1 7
101k-125k 12 8 5 0.1 9
126k-150k 19 5 1 0 22.8
151k-175k 17 6 1 0.1 17
176k-200k 20 11 4 0.1 10.9
201k-225k 7 5 2 0.1 8.4
226k-250k 23 5 1 0 27.6
251k-275k 11 3 0 22
276k-300k 21 4 1 0 31.5
301k-325k 7 2 1 0 21
326k-350k 10 2 1 0 30
351k-375k 7 4 1 0.1 10.5
376k-400k 5 3 0.1 10
401k-425k 4 1 0 24
426k-450k 6 2 1 0.1 18
451k-475k 2 1 0.3 0
476k-500k 3 0
501k-550k 1 1 0.2 6
601k-650k 1 0
651k-700k 4 1 0 24
701k-750k 2 1 0.1 12
751k-800k 4 0
851k-900k 2 0
901k-950k 2 1 0.3 0
951k-1m 6 1 1 0 36
1m-1.1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
7.01m-8m 1 0
10.01m-11m 1 0