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 1 0.1 18
126k-150k 2 8 1 0.7 1.5
151k-175k 3 3 1 0.2 6
176k-200k 2 12 1 1 1
201k-225k 9 12 4 0.2 4.5
226k-250k 15 36 7 0.4 2.5
251k-275k 18 46 6 0.4 2.3
276k-300k 26 37 6 0.2 4.2
301k-325k 46 52 8 0.2 5.3
326k-350k 37 70 12 0.3 3.2
351k-375k 34 64 8 0.3 3.2
376k-400k 35 68 10 0.3 3.1
401k-425k 25 43 8 0.3 3.5
426k-450k 36 28 8 0.1 7.7
451k-475k 23 29 7 0.2 4.8
476k-500k 24 19 3 0.1 7.6
501k-550k 26 29 7 0.2 5.4
551k-600k 16 16 3 0.2 6
601k-650k 5 14 3 0.5 2.1
651k-700k 10 11 1 0.2 5.5
701k-750k 6 1 1 0 36
751k-800k 3 3 1 0.2 6
801k-850k 8 1 0 48
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 3 0
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 2 0.3 3.6
151k-175k 7 7 0.2 6
176k-200k 9 3 0.1 18
201k-225k 1 1 0.2 6
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 28 14 1 0.1 12
26k-50k 45 14 4 0.1 19.3
51k-75k 4 5 1 0.2 4.8
76k-100k 18 3 0 36
101k-125k 4 3 0.1 8
126k-150k 6 1 0 36
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