Supply & Demand in New Smyrna 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
76k-100k 1 0.2 0
101k-125k 2 0.3 0
126k-150k 1 0
151k-175k 3 0.5 0
176k-200k 4 3 1 0.1 8
201k-225k 3 7 0.4 2.6
226k-250k 5 4 3 0.1 7.5
251k-275k 10 13 1 0.2 4.6
276k-300k 11 10 1 0.2 6.6
301k-325k 15 19 3 0.2 4.7
326k-350k 19 20 6 0.2 5.7
351k-375k 20 26 4 0.2 4.6
376k-400k 27 27 4 0.2 6
401k-425k 7 14 5 0.3 3
426k-450k 10 20 5 0.3 3
451k-475k 11 11 2 0.2 6
476k-500k 14 14 4 0.2 6
501k-550k 20 16 5 0.1 7.5
551k-600k 26 22 3 0.1 7.1
601k-650k 22 20 2 0.2 6.6
651k-700k 25 16 4 0.1 9.4
701k-750k 9 16 3 0.3 3.4
751k-800k 15 8 3 0.1 11.3
801k-850k 14 5 0.1 16.8
851k-900k 2 6 1 0.5 2
901k-950k 4 8 2 0.3 3
951k-1m 12 9 3 0.1 8
1m-1.1m 6 3 0.1 12
1.1m-1.2m 9 4 0.1 13.5
1.2m-1.3m 9 2 0 27
1.3m-1.4m 5 4 1 0.1 7.5
1.4m-1.5m 6 3 0.1 12
1.5m-1.6m 2 0.3 0
1.6m-1.7m 8 1 0 48
1.7m-1.8m 6 1 1 0 36
1.8m-1.9m 1 1 0.2 6
1.9m-2m 7 2 1 0 21
2m-2.25m 4 3 1 0.1 8
2.25m-2.5m 5 4 1 0.1 7.5
2.5m-2.75m 2 0
2.75m-3m 4 3 0.1 8
3m-3.5m 6 1 0 36
3.5m-4m 7 2 0 21
4m-4.5m 1 0
4.5m-5m 5 0
5.01m-6m 3 3 1 0.2 6
6.01m-7m 4 0
7.01m-8m 1 1 0.2 6

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
201k-225k 2 1 0.3 0
226k-250k 2 6 1 0.5 2
251k-275k 4 7 0.3 3.4
276k-300k 1 3 1 0.5 2
301k-325k 8 4 0.1 12
326k-350k 4 8 2 0.3 3
351k-375k 5 4 1 0.1 7.5
376k-400k 3 0
426k-450k 2 0
451k-475k 1 0
476k-500k 1 3 0.5 2
501k-550k 2 3 0.3 4
551k-600k 2 1 0.1 12
1.2m-1.3m 1 0
1.4m-1.5m 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
151k-175k 5 1 0.8 0
176k-200k 2 1 0.1 12
201k-225k 5 7 1 0.2 4.3
226k-250k 6 4 0.1 9
251k-275k 4 2 0.1 12
276k-300k 4 1 0 24
301k-325k 11 9 2 0.1 7.3
326k-350k 12 6 0.1 12
351k-375k 7 11 2 0.3 3.8
376k-400k 16 9 1 0.1 10.7
401k-425k 15 8 2 0.1 11.3
426k-450k 22 8 3 0.1 16.5
451k-475k 19 5 0 22.8
476k-500k 17 3 0 34
501k-550k 23 7 1 0.1 19.7
551k-600k 18 9 1 0.1 12
601k-650k 12 7 1 0.1 10.3
651k-700k 10 7 0.1 8.6
701k-750k 20 3 0 40
751k-800k 11 0
801k-850k 5 2 0.1 15
851k-900k 2 0.3 0
901k-950k 5 0
951k-1m 4 4 0.2 6
1m-1.1m 4 3 0.1 8
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 0
1.8m-1.9m 1 1 1 0.2 6
1.9m-2m 1 1 1 0.2 6
2.75m-3m 1 0.2 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 4 3 1 0.1 8
26k-50k 5 5 0.2 6
51k-75k 6 0
76k-100k 10 3 1 0.1 20
101k-125k 1 0
126k-150k 3 0
176k-200k 3 2 0.1 9
201k-225k 1 0
226k-250k 6 1 0 36
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 4 0
351k-375k 3 0
376k-400k 4 2 0.1 12
401k-425k 1 0
426k-450k 4 1 0 24
451k-475k 1 0
476k-500k 2 1 0.1 12
501k-550k 2 0
551k-600k 4 0
601k-650k 1 1 0.2 6
651k-700k 3 0
701k-750k 2 0
751k-800k 1 0
801k-850k 4 0
851k-900k 5 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
10.01m-11m 1 0
15.01m-16m 1 0