Supply & Demand in Deltona, 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
76k-100k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 9 3 1.5 0
176k-200k 5 6 1 0.2 5
201k-225k 10 31 5 0.5 1.9
226k-250k 17 46 3 0.5 2.2
251k-275k 31 73 15 0.4 2.5
276k-300k 44 98 23 0.4 2.7
301k-325k 41 75 17 0.3 3.3
326k-350k 51 74 12 0.2 4.1
351k-375k 32 37 5 0.2 5.2
376k-400k 30 42 6 0.2 4.3
401k-425k 14 11 0.1 7.6
426k-450k 14 8 0.1 10.5
451k-475k 6 1 0 36
476k-500k 8 6 1 0.1 8
501k-550k 5 5 0.2 6
551k-600k 5 4 1 0.1 7.5
601k-650k 2 1 0.1 12
651k-700k 1 3 1 0.5 2
701k-750k 1 1 0.2 6
751k-800k 1 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 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
101k-125k 1 0
126k-150k 5 1 0 30
151k-175k 9 5 0.1 10.8
176k-200k 3 2 0.1 9
201k-225k 2 0
251k-275k 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 10 0
26k-50k 22 7 1 0.1 18.9
51k-75k 26 17 5 0.1 9.2
76k-100k 21 1 0 126
101k-125k 4 1 0 24
126k-150k 6 3 0.1 12
151k-175k 4 2 1 0.1 12
176k-200k 3 3 1 0.2 6
201k-225k 3 0
226k-250k 4 1 0 24
276k-300k 4 0
326k-350k 3 0
351k-375k 1 1 0.2 6
451k-475k 2 0
476k-500k 2 0
551k-600k 3 0
601k-650k 1 0
651k-700k 3 0
901k-950k 2 0
1.2m-1.3m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
4m-4.5m 1 0
5.01m-6m 1 0