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
126k-150k 2 0.3 0
151k-175k 2 0.3 0
176k-200k 4 0.7 0
201k-225k 1 10 2 1.7 0.6
226k-250k 10 46 3 0.8 1.3
251k-275k 20 77 9 0.6 1.6
276k-300k 73 114 18 0.3 3.8
301k-325k 122 147 21 0.2 5
326k-350k 171 193 26 0.2 5.3
351k-375k 124 135 17 0.2 5.5
376k-400k 107 117 15 0.2 5.5
401k-425k 59 63 8 0.2 5.6
426k-450k 84 57 2 0.1 8.8
451k-475k 53 28 5 0.1 11.4
476k-500k 54 24 2 0.1 13.5
501k-550k 45 34 6 0.1 7.9
551k-600k 45 28 5 0.1 9.6
601k-650k 27 32 5 0.2 5.1
651k-700k 27 17 2 0.1 9.5
701k-750k 21 12 3 0.1 10.5
751k-800k 16 15 1 0.2 6.4
801k-850k 19 8 1 0.1 14.3
851k-900k 15 11 1 0.1 8.2
901k-950k 14 7 2 0.1 12
951k-1m 8 11 1 0.2 4.4
1m-1.1m 8 9 1 0.2 5.3
1.1m-1.2m 10 8 1 0.1 7.5
1.2m-1.3m 8 7 0.1 6.9
1.3m-1.4m 3 6 0.3 3
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 3 0.3 4
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 6
2.25m-2.5m 6 0
2.5m-2.75m 1 0.2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 5 0

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
126k-150k 1 1 0.2 0
176k-200k 1 2 0.3 3
226k-250k 4 4 0.2 6
251k-275k 6 12 0.3 3
276k-300k 7 7 0.2 6
301k-325k 1 3 1 0.5 2
326k-350k 1 0.2 0
351k-375k 2 1 0.1 12
376k-400k 1 0.2 0
426k-450k 3 0
476k-500k 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
126k-150k 2 0.3 0
151k-175k 4 5 1 0.2 4.8
176k-200k 14 4 0 21
201k-225k 9 4 2 0.1 13.5
226k-250k 6 5 1 0.1 7.2
251k-275k 4 5 1 0.2 4.8
276k-300k 7 2 0 21
301k-325k 4 1 0 24
326k-350k 5 1 0 30
351k-375k 6 2 1 0.1 18
376k-400k 6 1 0 36
401k-425k 4 1 0 24
426k-450k 6 1 0 36
451k-475k 6 7 0.2 5.1
476k-500k 6 2 1 0.1 18
501k-550k 15 6 2 0.1 15
551k-600k 6 7 0.2 5.1
601k-650k 10 6 1 0.1 10
651k-700k 7 4 0.1 10.5
701k-750k 8 1 0 48
751k-800k 2 1 0.1 12
801k-850k 4 0
851k-900k 3 1 0.1 18
901k-950k 2 1 0.1 12
951k-1m 2 1 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 2 0
1.3m-1.4m 3 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 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 3 2 0.1 9
26k-50k 2 7 0.6 1.7
51k-75k 47 57 13 0.2 4.9
76k-100k 109 57 3 0.1 11.5
101k-125k 16 5 0.1 19.2
126k-150k 25 2 1 0 75
151k-175k 20 1 0 120
176k-200k 32 2 0 96
201k-225k 15 1 0 90
226k-250k 9 3 0.1 18
251k-275k 10 1 0 60
276k-300k 14 1 0 84
301k-325k 12 1 1 0 72
326k-350k 12 0
351k-375k 2 2 0.2 6
376k-400k 5 2 0.1 15
401k-425k 1 0.2 0
426k-450k 3 1 0.1 18
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 4 1 0 24
601k-650k 2 2 0.2 6
651k-700k 2 0
701k-750k 2 1 0.1 12
751k-800k 3 0
901k-950k 1 0.2 0
951k-1m 3 1 0.1 18
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 1 0.2 0
5.01m-6m 1 0
7.01m-8m 1 0
12.01m-13m 1 0