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 1 1 0.2 6
151k-175k 2 0.3 0
176k-200k 3 4 1 0.2 4.5
201k-225k 4 8 1 0.3 3
226k-250k 5 6 2 0.2 5
251k-275k 12 11 1 0.2 6.5
276k-300k 11 9 0.1 7.3
301k-325k 11 20 3 0.3 3.3
326k-350k 23 21 1 0.2 6.6
351k-375k 18 20 4 0.2 5.4
376k-400k 23 26 6 0.2 5.3
401k-425k 9 14 1 0.3 3.9
426k-450k 8 19 1 0.4 2.5
451k-475k 15 12 2 0.1 7.5
476k-500k 14 15 5 0.2 5.6
501k-550k 20 20 4 0.2 6
551k-600k 22 24 4 0.2 5.5
601k-650k 24 20 3 0.1 7.2
651k-700k 16 16 2 0.2 6
701k-750k 16 17 1 0.2 5.6
751k-800k 14 9 0.1 9.3
801k-850k 12 4 0.1 18
851k-900k 5 4 1 0.1 7.5
901k-950k 5 12 4 0.4 2.5
951k-1m 9 10 2 0.2 5.4
1m-1.1m 6 4 1 0.1 9
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 8 1 0 48
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 7 3 0.1 14
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 6 1 0 36
1.7m-1.8m 6 1 0 36
1.8m-1.9m 1 1 0.2 6
1.9m-2m 5 2 0.1 15
2m-2.25m 6 3 1 0.1 12
2.25m-2.5m 4 5 1 0.2 4.8
2.5m-2.75m 1 0
2.75m-3m 4 1 0 24
3m-3.5m 3 2 1 0.1 9
3.5m-4m 7 0
4m-4.5m 1 1 1 0.2 6
4.5m-5m 5 0
5.01m-6m 3 4 1 0.2 4.5
6.01m-7m 3 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
176k-200k 1 1 0.2 0
201k-225k 1 3 1 0.5 2
226k-250k 2 5 0.4 2.4
251k-275k 3 5 1 0.3 3.6
276k-300k 3 3 1 0.2 6
301k-325k 6 6 0.2 6
326k-350k 9 7 1 0.1 7.7
351k-375k 5 3 0.1 10
376k-400k 3 0
401k-425k 1 1 0.2 0
426k-450k 4 0
476k-500k 3 0.5 0
501k-550k 2 3 0.3 4
551k-600k 1 1 0.2 6
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 0.8 0
176k-200k 2 4 2 0.3 3
201k-225k 2 7 0.6 1.7
226k-250k 6 2 0.1 18
251k-275k 3 2 0.1 9
276k-300k 2 2 0.2 6
301k-325k 11 11 1 0.2 6
326k-350k 10 5 0.1 12
351k-375k 5 11 1 0.4 2.7
376k-400k 18 8 1 0.1 13.5
401k-425k 16 7 0.1 13.7
426k-450k 17 9 0.1 11.3
451k-475k 19 5 0 22.8
476k-500k 16 4 1 0 24
501k-550k 23 10 2 0.1 13.8
551k-600k 17 8 2 0.1 12.8
601k-650k 10 10 2 0.2 6
651k-700k 16 4 1 0 24
701k-750k 15 4 1 0 22.5
751k-800k 14 0
801k-850k 3 2 0.1 9
851k-900k 2 2 0.2 6
901k-950k 5 0
951k-1m 1 5 2 0.8 1.2
1m-1.1m 3 3 0.2 6
1.1m-1.2m 3 0
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 1 0.1 12
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 0.1 8
26k-50k 3 5 0.3 3.6
51k-75k 6 1 1 0 36
76k-100k 8 2 0 24
101k-125k 2 0
126k-150k 2 0
176k-200k 3 1 0.1 18
201k-225k 2 0
226k-250k 6 1 0 36
251k-275k 1 2 2 0.3 3
276k-300k 2 1 0.1 12
301k-325k 1 1 1 0.2 6
326k-350k 3 1 1 0.1 18
351k-375k 2 0
376k-400k 5 2 0.1 15
401k-425k 1 1 0.2 6
426k-450k 4 0
451k-475k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 5 0
601k-650k 1 1 0.2 6
651k-700k 3 1 1 0.1 18
701k-750k 2 0
751k-800k 2 0
801k-850k 5 0
851k-900k 4 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0.2 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