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
76k-100k 1 0.2 0
101k-125k 1 2 1 0.3 3
151k-175k 3 0.5 0
176k-200k 4 3 0.1 8
201k-225k 2 4 1 0.3 3
226k-250k 8 3 0.1 16
251k-275k 7 15 4 0.4 2.8
276k-300k 15 10 1 0.1 9
301k-325k 11 16 4 0.2 4.1
326k-350k 23 17 2 0.1 8.1
351k-375k 29 33 3 0.2 5.3
376k-400k 27 25 2 0.2 6.5
401k-425k 19 17 2 0.1 6.7
426k-450k 11 19 5 0.3 3.5
451k-475k 16 12 3 0.1 8
476k-500k 17 15 2 0.1 6.8
501k-550k 25 16 3 0.1 9.4
551k-600k 25 20 3 0.1 7.5
601k-650k 28 17 1 0.1 9.9
651k-700k 17 17 5 0.2 6
701k-750k 16 13 1 0.1 7.4
751k-800k 22 10 0.1 13.2
801k-850k 9 10 1 0.2 5.4
851k-900k 6 10 2 0.3 3.6
901k-950k 6 6 2 0.2 6
951k-1m 14 5 1 0.1 16.8
1m-1.1m 8 5 0.1 9.6
1.1m-1.2m 8 4 2 0.1 12
1.2m-1.3m 8 5 0.1 9.6
1.3m-1.4m 8 2 0 24
1.4m-1.5m 6 5 1 0.1 7.2
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 7 2 0 21
1.7m-1.8m 9 3 0.1 18
1.8m-1.9m 3 1 0.1 18
1.9m-2m 1 0
2m-2.25m 8 3 0.1 16
2.25m-2.5m 3 3 0.2 6
2.5m-2.75m 2 0.3 0
2.75m-3m 3 3 0.2 6
3m-3.5m 4 3 1 0.1 8
3.5m-4m 6 2 0.1 18
4.5m-5m 3 0
5.01m-6m 5 2 2 0.1 15
6.01m-7m 3 0
7.01m-8m 2 1 1 0.1 12

Townhouses 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
201k-225k 1 0.2 0
226k-250k 3 3 1 0.2 6
251k-275k 3 11 1 0.6 1.6
276k-300k 2 3 1 0.3 4
301k-325k 4 3 1 0.1 8
326k-350k 7 7 1 0.2 6
351k-375k 2 6 0.5 2
376k-400k 7 0
401k-425k 2 1 0.1 12
426k-450k 2 2 0.2 6
451k-475k 2 0.3 0
476k-500k 1 0.2 0
501k-550k 5 2 2 0.1 15
551k-600k 1 0.2 0
601k-650k 1 0
801k-850k 1 0.2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 1 0.3 0
1.8m-1.9m 1 0.2 0

Condos 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
151k-175k 2 1 0.3 0
176k-200k 3 1 0.1 18
201k-225k 2 7 3 0.6 1.7
226k-250k 4 4 1 0.2 6
251k-275k 5 4 1 0.1 7.5
276k-300k 5 6 0.2 5
301k-325k 9 5 2 0.1 10.8
326k-350k 17 11 2 0.1 9.3
351k-375k 10 9 1 0.2 6.7
376k-400k 20 6 1 0.1 20
401k-425k 12 8 2 0.1 9
426k-450k 22 4 1 0 33
451k-475k 14 6 1 0.1 14
476k-500k 29 4 0 43.5
501k-550k 31 11 2 0.1 16.9
551k-600k 24 11 2 0.1 13.1
601k-650k 19 8 4 0.1 14.3
651k-700k 11 11 0.2 6
701k-750k 16 0
751k-800k 11 0
801k-850k 8 3 0.1 16
851k-900k 1 1 0.2 6
901k-950k 5 0
951k-1m 7 3 2 0.1 14
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 3 5 0.3 3.6
1.2m-1.3m 3 0
1.4m-1.5m 1 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 0
1.9m-2m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 1 0.2 0

Land 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
1k-25k 5 1 0 30
26k-50k 8 3 1 0.1 16
51k-75k 8 0
76k-100k 8 2 0 24
101k-125k 2 1 0.1 12
126k-150k 3 1 0.1 18
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 0
226k-250k 2 2 1 0.2 6
251k-275k 2 0
276k-300k 2 2 0.2 6
301k-325k 1 1 0.2 6
326k-350k 5 0
351k-375k 4 0
376k-400k 5 2 0.1 15
401k-425k 1 0
426k-450k 3 2 0.1 9
451k-475k 1 1 0.2 6
476k-500k 2 1 0.1 12
501k-550k 3 0
551k-600k 5 0
601k-650k 2 1 0.1 12
651k-700k 3 0
701k-750k 3 0
751k-800k 1 0
801k-850k 4 0
851k-900k 5 0
901k-950k 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.4m-1.5m 3 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.5m-2.75m 1 0
15.01m-16m 1 0