Supply & Demand in Daytona 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 % 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
51k-75k 1 2 0.3 3
76k-100k 1 2 1 0.3 3
101k-125k 2 6 0.5 2
126k-150k 2 10 2 0.8 1.2
151k-175k 11 18 3 0.3 3.7
176k-200k 16 19 3 0.2 5.1
201k-225k 29 17 2 0.1 10.2
226k-250k 22 15 4 0.1 8.8
251k-275k 16 23 2 0.2 4.2
276k-300k 25 24 4 0.2 6.3
301k-325k 15 26 3 0.3 3.5
326k-350k 11 28 5 0.4 2.4
351k-375k 18 18 4 0.2 6
376k-400k 21 22 3 0.2 5.7
401k-425k 16 10 0.1 9.6
426k-450k 10 9 0.2 6.7
451k-475k 7 7 0.2 6
476k-500k 5 6 0.2 5
501k-550k 9 12 1 0.2 4.5
551k-600k 17 6 0.1 17
601k-650k 4 3 1 0.1 8
651k-700k 6 4 0.1 9
701k-750k 5 0
801k-850k 1 2 1 0.3 3
851k-900k 2 1 0.1 12
901k-950k 1 1 0.2 6
951k-1m 1 0
1m-1.1m 3 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 1 0.2 0
1.8m-1.9m 2 0.3 0
2.25m-2.5m 1 0
2.75m-3m 1 0.2 0

Townhouses % 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
126k-150k 1 0
151k-175k 2 1 0.1 12
176k-200k 2 3 0.3 4
201k-225k 1 3 0.5 2
226k-250k 4 4 0.2 6
251k-275k 4 7 2 0.3 3.4
276k-300k 2 2 0.2 6
326k-350k 1 0.2 0
376k-400k 1 1 0.2 6
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0.2 0

Condos % 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
51k-75k 2 0.3 0
76k-100k 5 7 2 0.2 4.3
101k-125k 13 14 1 0.2 5.6
126k-150k 18 13 3 0.1 8.3
151k-175k 16 6 1 0.1 16
176k-200k 18 7 1 0.1 15.4
201k-225k 14 7 1 0.1 12
226k-250k 6 7 2 0.2 5.1
251k-275k 9 4 1 0.1 13.5
276k-300k 11 4 0.1 16.5
301k-325k 4 1 0 24
326k-350k 4 3 0.1 8
351k-375k 2 3 0.3 4
376k-400k 2 3 0.3 4
401k-425k 2 1 0.1 12
426k-450k 9 4 0.1 13.5
451k-475k 6 2 0.1 18
476k-500k 8 1 0 48
501k-550k 6 3 2 0.1 12
551k-600k 5 0
601k-650k 2 0
651k-700k 8 0
701k-750k 5 2 0.1 15
751k-800k 4 1 0 24
801k-850k 2 0
901k-950k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.5m-1.6m 1 0
3m-3.5m 1 0

Land % 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 0.5 0
26k-50k 15 5 1 0.1 18
51k-75k 7 0
76k-100k 4 0
101k-125k 1 0
126k-150k 2 1 0.1 12
151k-175k 1 1 0.2 6
201k-225k 1 0.2 0
251k-275k 1 0
326k-350k 2 0
351k-375k 1 0
376k-400k 1 0
401k-425k 2 0
551k-600k 1 0
901k-950k 1 0
1m-1.1m 1 0
1.7m-1.8m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
5.01m-6m 1 0