Supply & Demand in Palm Coast, 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
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 3 1 0.5 0
176k-200k 4 0.7 0
201k-225k 14 4 2.3 0
226k-250k 10 44 4 0.7 1.4
251k-275k 22 76 17 0.6 1.7
276k-300k 64 111 18 0.3 3.5
301k-325k 103 125 16 0.2 4.9
326k-350k 126 160 23 0.2 4.7
351k-375k 101 128 15 0.2 4.7
376k-400k 99 118 16 0.2 5
401k-425k 65 65 16 0.2 6
426k-450k 73 43 5 0.1 10.2
451k-475k 42 33 8 0.1 7.6
476k-500k 47 23 4 0.1 12.3
501k-550k 37 40 7 0.2 5.6
551k-600k 35 23 1 0.1 9.1
601k-650k 26 27 3 0.2 5.8
651k-700k 32 14 3 0.1 13.7
701k-750k 18 19 1 0.2 5.7
751k-800k 14 13 1 0.2 6.5
801k-850k 20 11 1 0.1 10.9
851k-900k 15 6 2 0.1 15
901k-950k 10 7 3 0.1 8.6
951k-1m 8 13 3 0.3 3.7
1m-1.1m 4 13 2 0.5 1.8
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 8 2 1 0 24
1.3m-1.4m 5 6 2 0.2 5
1.4m-1.5m 6 5 0.1 7.2
1.5m-1.6m 4 1 1 0 24
1.6m-1.7m 6 1 0 36
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 5 1 1 0 30
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 5 1 1 0 30
3.5m-4m 4 0
4.5m-5m 3 0
5.01m-6m 2 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 1 2 0.3 3
201k-225k 1 1 0.2 6
226k-250k 2 3 2 0.3 4
251k-275k 8 4 1 0.1 12
276k-300k 2 6 1 0.5 2
301k-325k 2 0.3 0
326k-350k 1 0.2 0
351k-375k 2 1 0.1 12
376k-400k 1 0.2 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 1 0.3 0
501k-550k 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
126k-150k 3 1 0.5 0
151k-175k 4 5 2 0.2 4.8
176k-200k 14 6 1 0.1 14
201k-225k 6 8 0.2 4.5
226k-250k 7 2 1 0 21
251k-275k 5 5 2 0.2 6
276k-300k 7 2 0 21
301k-325k 2 0
326k-350k 1 1 1 0.2 6
351k-375k 3 3 1 0.2 6
376k-400k 9 2 1 0 27
401k-425k 3 2 1 0.1 9
426k-450k 8 0
451k-475k 2 3 0.3 4
476k-500k 7 1 0 42
501k-550k 17 7 1 0.1 14.6
551k-600k 5 4 0.1 7.5
601k-650k 7 6 1 0.1 7
651k-700k 9 3 0.1 18
701k-750k 4 1 1 0 24
751k-800k 6 1 0 36
801k-850k 1 1 0.2 0
851k-900k 4 0
901k-950k 2 0.3 0
951k-1m 2 1 0.1 12
1m-1.1m 3 0
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 3 2 1 0.1 9
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 1 0.2 6
3m-3.5m 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 2 1 0.1 12
26k-50k 4 1 0 24
51k-75k 49 57 7 0.2 5.2
76k-100k 106 26 1 0 24.5
101k-125k 17 4 2 0 25.5
126k-150k 29 5 1 0 34.8
151k-175k 28 1 0 168
176k-200k 27 3 0 54
201k-225k 13 0
226k-250k 11 4 0.1 16.5
251k-275k 13 0
276k-300k 10 1 0 60
301k-325k 11 1 0 66
326k-350k 10 0
351k-375k 3 4 0.2 4.5
376k-400k 2 0
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
551k-600k 4 2 1 0.1 12
601k-650k 3 1 0.1 18
651k-700k 2 0
701k-750k 2 1 1 0.1 12
751k-800k 1 0
801k-850k 3 0
951k-1m 3 1 0.1 18
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
5.01m-6m 1 0
7.01m-8m 1 0
12.01m-13m 1 0