Supply & Demand in DeLand, 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
26k-50k 1 0.2 0
76k-100k 4 0.7 0
101k-125k 3 2 1 0.1 9
126k-150k 4 6 1 0.3 4
151k-175k 3 3 0.2 6
176k-200k 1 12 1 2 0.5
201k-225k 8 11 3 0.2 4.4
226k-250k 15 35 5 0.4 2.6
251k-275k 17 46 7 0.5 2.2
276k-300k 26 36 5 0.2 4.3
301k-325k 48 51 7 0.2 5.6
326k-350k 38 69 11 0.3 3.3
351k-375k 39 64 7 0.3 3.7
376k-400k 32 68 13 0.4 2.8
401k-425k 27 42 8 0.3 3.9
426k-450k 35 26 8 0.1 8.1
451k-475k 22 29 6 0.2 4.6
476k-500k 23 19 3 0.1 7.3
501k-550k 26 28 4 0.2 5.6
551k-600k 16 16 1 0.2 6
601k-650k 5 13 3 0.4 2.3
651k-700k 10 11 1 0.2 5.5
701k-750k 6 1 0 36
751k-800k 3 3 1 0.2 6
801k-850k 8 2 1 0 24
851k-900k 3 2 1 0.1 9
901k-950k 1 3 1 0.5 2
951k-1m 1 1 0.2 6
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 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
176k-200k 1 0.2 0
251k-275k 4 1 1 0 24
276k-300k 5 1 0 30
301k-325k 2 0.3 0
326k-350k 2 0

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
76k-100k 1 0.2 0
101k-125k 1 6 1 1 1
126k-150k 3 5 1 0.3 3.6
151k-175k 8 7 0.1 6.9
176k-200k 9 3 0.1 18
201k-225k 1 2 1 0.3 3
226k-250k 2 2 0.2 6
251k-275k 3 0
276k-300k 2 1 1 0.1 12

Land 1% 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 27 13 1 0.1 12.5
26k-50k 45 15 5 0.1 18
51k-75k 4 5 1 0.2 4.8
76k-100k 18 3 0 36
101k-125k 4 3 0.1 8
126k-150k 5 1 0 30
151k-175k 1 2 0.3 3
176k-200k 1 3 1 0.5 2
201k-225k 5 0
226k-250k 4 0
276k-300k 1 0
301k-325k 2 0
326k-350k 5 0
351k-375k 2 0
401k-425k 1 0
501k-550k 2 1 0.1 12
601k-650k 1 0
651k-700k 3 0
701k-750k 1 0
851k-900k 1 0
951k-1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
4.5m-5m 1 0
7.01m-8m 1 0
14.01m-15m 1 0