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 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
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 0.2 0
176k-200k 4 4 0.2 6
201k-225k 5 7 3 0.2 4.3
226k-250k 4 14 3 0.6 1.7
251k-275k 10 9 3 0.2 6.7
276k-300k 12 6 2 0.1 12
301k-325k 7 16 4 0.4 2.6
326k-350k 26 20 4 0.1 7.8
351k-375k 25 19 4 0.1 7.9
376k-400k 21 26 6 0.2 4.8
401k-425k 15 18 5 0.2 5
426k-450k 14 20 4 0.2 4.2
451k-475k 12 11 2 0.2 6.5
476k-500k 10 23 6 0.4 2.6
501k-550k 13 28 8 0.4 2.8
551k-600k 22 24 4 0.2 5.5
601k-650k 14 20 5 0.2 4.2
651k-700k 15 12 3 0.1 7.5
701k-750k 11 15 2 0.2 4.4
751k-800k 16 10 2 0.1 9.6
801k-850k 10 5 0.1 12
851k-900k 5 3 1 0.1 10
901k-950k 5 10 2 0.3 3
951k-1m 9 9 2 0.2 6
1m-1.1m 7 5 0.1 8.4
1.1m-1.2m 7 5 2 0.1 8.4
1.2m-1.3m 5 1 1 0 30
1.3m-1.4m 8 1 0 48
1.4m-1.5m 7 3 1 0.1 14
1.5m-1.6m 6 2 0.1 18
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 4 1 0 24
1.9m-2m 7 1 0 42
2m-2.25m 9 3 0.1 18
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 3 3 0.2 6
2.75m-3m 1 3 3 0.5 2
3m-3.5m 4 3 0.1 8
3.5m-4m 3 1 0.1 18
4m-4.5m 1 3 0.5 2
4.5m-5m 3 1 0.1 18
5.01m-6m 2 2 0.2 6
6.01m-7m 3 0
7.01m-8m 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
176k-200k 1 0.2 0
201k-225k 1 3 0.5 2
226k-250k 1 2 0.3 3
251k-275k 3 3 0.2 6
276k-300k 7 3 0.1 14
301k-325k 8 7 4 0.1 6.9
326k-350k 6 7 3 0.2 5.1
351k-375k 3 1 0.1 18
376k-400k 1 0
401k-425k 4 2 1 0.1 12
426k-450k 2 1 0.1 12
476k-500k 2 1 0.1 12
501k-550k 4 2 0.1 12
551k-600k 2 0
951k-1m 1 0
1m-1.1m 1 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 3 0.5 0
176k-200k 5 3 0.1 10
201k-225k 1 2 0.3 3
226k-250k 8 2 0 24
251k-275k 4 2 2 0.1 12
276k-300k 8 5 0.1 9.6
301k-325k 8 11 2 0.2 4.4
326k-350k 10 7 1 0.1 8.6
351k-375k 8 10 3 0.2 4.8
376k-400k 19 9 1 0.1 12.7
401k-425k 10 8 3 0.1 7.5
426k-450k 21 12 1 0.1 10.5
451k-475k 8 2 1 0 24
476k-500k 19 5 3 0 22.8
501k-550k 24 10 1 0.1 14.4
551k-600k 15 5 0.1 18
601k-650k 14 11 2 0.1 7.6
651k-700k 19 5 2 0 22.8
701k-750k 9 6 3 0.1 9
751k-800k 12 3 0 24
801k-850k 3 3 1 0.2 6
851k-900k 1 2 0.3 3
901k-950k 7 3 0.1 14
951k-1m 1 4 0.7 1.5
1m-1.1m 7 0
1.1m-1.2m 3 1 0.1 18
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 2 0.3 0
1.9m-2m 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
1k-25k 3 2 0.1 9
26k-50k 5 5 1 0.2 6
51k-75k 6 4 0.1 9
76k-100k 10 3 0.1 20
101k-125k 3 1 0.1 18
126k-150k 2 1 1 0.1 12
151k-175k 1 1 0.2 0
176k-200k 1 0
201k-225k 3 0
226k-250k 6 0
251k-275k 3 1 0.5 0
276k-300k 7 0
301k-325k 4 2 1 0.1 12
326k-350k 4 1 0 24
351k-375k 3 1 0.1 18
376k-400k 6 1 1 0 36
401k-425k 2 1 0.1 12
426k-450k 3 0
476k-500k 2 1 0.1 12
501k-550k 2 0
551k-600k 5 0
601k-650k 2 0
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 2 0
801k-850k 5 0
851k-900k 3 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 1 1 0.2 6
1.3m-1.4m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
10.01m-11m 1 0
15.01m-16m 1 0