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 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 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 7 2 1.2 0
201k-225k 4 21 5 0.9 1.1
226k-250k 11 41 13 0.6 1.6
251k-275k 23 73 8 0.5 1.9
276k-300k 48 106 21 0.4 2.7
301k-325k 86 137 24 0.3 3.8
326k-350k 144 140 25 0.2 6.2
351k-375k 119 112 15 0.2 6.4
376k-400k 105 121 18 0.2 5.2
401k-425k 60 72 10 0.2 5
426k-450k 74 42 7 0.1 10.6
451k-475k 48 31 4 0.1 9.3
476k-500k 30 31 5 0.2 5.8
501k-550k 45 42 8 0.2 6.4
551k-600k 35 19 4 0.1 11.1
601k-650k 21 19 1 0.2 6.6
651k-700k 33 17 2 0.1 11.6
701k-750k 12 15 2 0.2 4.8
751k-800k 24 9 1 0.1 16
801k-850k 11 19 5 0.3 3.5
851k-900k 13 7 1 0.1 11.1
901k-950k 6 7 2 0.2 5.1
951k-1m 11 9 2 0.1 7.3
1m-1.1m 9 13 1 0.2 4.2
1.1m-1.2m 7 4 0.1 10.5
1.2m-1.3m 9 6 2 0.1 9
1.3m-1.4m 5 6 0.2 5
1.4m-1.5m 3 6 0.3 3
1.5m-1.6m 6 1 0 36
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 1 0
1.8m-1.9m 2 0
1.9m-2m 4 0
2m-2.25m 5 1 0 30
2.25m-2.5m 5 1 0 30
2.5m-2.75m 2 1 1 0.1 12
3m-3.5m 4 1 0 24
3.5m-4m 5 0
4m-4.5m 2 0
4.5m-5m 1 1 1 0.2 6
5.01m-6m 3 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 3 1 0.5 2
201k-225k 1 0.2 0
226k-250k 2 5 1 0.4 2.4
251k-275k 4 2 0.1 12
276k-300k 3 5 1 0.3 3.6
326k-350k 1 0
351k-375k 2 0
376k-400k 1 0
401k-425k 1 0
426k-450k 3 1 0.1 18
451k-475k 1 0
476k-500k 1 3 0.5 2
501k-550k 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
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 2 6 1 0.5 2
176k-200k 12 8 1 0.1 9
201k-225k 5 8 0.3 3.8
226k-250k 4 2 1 0.1 12
251k-275k 6 4 0.1 9
276k-300k 4 4 0.2 6
301k-325k 4 1 0 24
326k-350k 3 1 0.1 18
351k-375k 6 2 1 0.1 18
376k-400k 10 3 1 0.1 20
401k-425k 2 1 0.1 12
426k-450k 6 1 0 36
451k-475k 4 0
476k-500k 8 0
501k-550k 18 5 1 0 21.6
551k-600k 8 2 0 24
601k-650k 8 4 0.1 12
651k-700k 5 4 2 0.1 7.5
701k-750k 6 2 1 0.1 18
751k-800k 2 1 0.1 12
801k-850k 1 3 0.5 2
851k-900k 3 0
901k-950k 3 1 0.1 18
951k-1m 1 0
1.1m-1.2m 2 0
1.3m-1.4m 4 3 0.1 8
1.4m-1.5m 2 0
1.5m-1.6m 4 1 0.7 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
2.5m-2.75m 1 0.2 0
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
-24,000-0 1 0
1k-25k 3 0
26k-50k 2 2 0.3 0
51k-75k 61 83 17 0.2 4.4
76k-100k 94 27 7 0 20.9
101k-125k 18 5 1 0 21.6
126k-150k 34 6 1 0 34
151k-175k 23 6 3 0 23
176k-200k 30 4 1 0 45
201k-225k 11 3 0 22
226k-250k 9 3 0.1 18
251k-275k 14 2 1 0 42
276k-300k 10 5 2 0.1 12
301k-325k 8 2 0 24
326k-350k 10 0
351k-375k 2 2 0.2 6
376k-400k 5 0
401k-425k 2 1 0.1 12
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 4 1 0 24
601k-650k 2 0
651k-700k 2 0
701k-750k 2 1 0.1 12
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
951k-1m 4 0
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 1 1 0.2 6
1.6m-1.7m 1 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 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