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 % 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 2 1 0.3 0
76k-100k 1 4 1 0.7 1.5
101k-125k 6 1 1 0
126k-150k 1 2 0.3 3
151k-175k 4 5 0.2 4.8
176k-200k 2 8 1 0.7 1.5
201k-225k 13 17 3 0.2 4.6
226k-250k 10 30 6 0.5 2
251k-275k 16 37 7 0.4 2.6
276k-300k 23 40 6 0.3 3.4
301k-325k 27 55 8 0.3 2.9
326k-350k 39 68 13 0.3 3.4
351k-375k 27 61 15 0.4 2.7
376k-400k 49 47 9 0.2 6.3
401k-425k 20 37 10 0.3 3.2
426k-450k 25 33 6 0.2 4.5
451k-475k 19 18 3 0.2 6.3
476k-500k 21 19 3 0.2 6.6
501k-550k 32 24 4 0.1 8
551k-600k 19 18 6 0.2 6.3
601k-650k 7 14 4 0.3 3
651k-700k 6 5 1 0.1 7.2
701k-750k 1 4 2 0.7 1.5
751k-800k 3 8 4 0.4 2.3
801k-850k 2 3 0.3 4
851k-900k 2 3 1 0.3 4
901k-950k 2 1 0.1 12
951k-1m 1 2 0.3 3
1m-1.1m 1 3 0.5 2
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 2 0.3 3
1.7m-1.8m 4 0
2m-2.25m 1 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 0.2 0
151k-175k 1 0.2 0
226k-250k 1 0
251k-275k 3 5 0.3 3.6
276k-300k 9 5 1 0.1 10.8
301k-325k 1 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
76k-100k 2 0.3 0
101k-125k 2 2 0.2 6
126k-150k 2 5 0.4 2.4
151k-175k 4 4 2 0.2 6
176k-200k 11 1 1 0 66
201k-225k 3 1 0.1 18
226k-250k 1 3 1 0.5 2
251k-275k 2 0
276k-300k 1 1 0.2 6

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
-24,000-0 1 0
1k-25k 39 20 4 0.1 11.7
26k-50k 58 28 4 0.1 12.4
51k-75k 17 4 0 25.5
76k-100k 18 2 1 0 54
101k-125k 4 0
126k-150k 9 0
151k-175k 5 2 0.1 15
176k-200k 4 2 1 0.1 12
201k-225k 2 1 0.1 12
226k-250k 1 0
251k-275k 1 1 0.2 6
276k-300k 3 1 0.1 18
301k-325k 1 0
326k-350k 2 0
376k-400k 2 0
401k-425k 1 0.2 0
426k-450k 3 0
451k-475k 1 0
501k-550k 2 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.3m-1.4m 1 0
1.9m-2m 1 0
2.25m-2.5m 2 0
3m-3.5m 1 0
15.01m-16m 1 0