Like all markets, the real estate market is influenced by inventory levels. The absorption rates are calculated based on inventory levels, specifically on the number of active properties listed in each price point divided by the number of pending listing in each price point from the ECARMLS areas 16 (North Santa Rosa Beach), 17 (South Santa Rosa Beach), 18 (Santa Rosa Beach East), & 19 (Point Washington). The absorption rates found were based on actual price point segments, and this gives you an idea of the activity at each price point. The absorption rate gives you the number of months of inventory left if sales remain constant. The assumption made for this type of absorption rate is no homes will come on the market before the entire present inventory is sold. The absorption rate gives you an idea of what is selling in the area and what price points are holding onto inventory the longest. Listed below are the price points and the absorption rate.
$100,000-$200,000: 3 ½ months of inventory
$200,000-$300,000: 15 months of inventory
$300,000-$400,000: 10 ½ months of inventory
$400,000-$500,000: 42 months of inventory
$500,000-$600,000: 12 months of inventory
$600,000-$700,000: 16 ½ months of inventory
$800,000-$1,000,000: 21 months of inventory
$1,000,000-$2,000,000: 88 months of inventory
$2,000,000-$9,000,000: 100 months of inventory
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