Absorption Report

Alachua, 62 Terrace

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 Since 12/31 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
26k-50k 2 0.3 0
51k-75k 2 3 1 0.3 4
76k-100k 1 5 0.8 1.2
101k-125k 2 12 3 1 1
126k-150k 7 10 0.2 4.2
151k-175k 11 15 4 0.2 4.4
176k-200k 13 34 5 0.4 2.3
201k-225k 20 42 5 0.4 2.9
226k-250k 23 83 11 0.6 1.7
251k-275k 45 98 17 0.4 2.8
276k-300k 59 178 44 0.5 2
301k-325k 65 162 30 0.4 2.4
326k-350k 79 156 26 0.3 3
351k-375k 64 119 16 0.3 3.2
376k-400k 74 123 25 0.3 3.6
401k-425k 28 55 11 0.3 3.1
426k-450k 44 58 11 0.2 4.6
451k-475k 22 50 13 0.4 2.6
476k-500k 23 27 6 0.2 5.1
501k-550k 40 39 12 0.2 6.2
551k-600k 29 30 7 0.2 5.8
601k-650k 23 26 5 0.2 5.3
651k-700k 20 21 5 0.2 5.7
701k-750k 13 18 4 0.2 4.3
751k-800k 11 15 2 0.2 4.4
801k-850k 5 7 0.2 4.3
851k-900k 5 2 1 0.1 15
901k-950k 7 4 0.1 10.5
951k-1m 3 1 0.5 0
1m-1.1m 2 5 1 0.4 2.4
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 1 2 1 0.3 3
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 7 1 1.2 0.9
176k-200k 1 7 1 1.2 0.9
201k-225k 7 1 1.2 0
226k-250k 9 7 1 0.1 7.7
251k-275k 3 34 10 1.9 0.5
276k-300k 6 18 7 0.5 2

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 5 2 0.4 2.4
126k-150k 5 9 2 0.3 3.3
151k-175k 9 8 1 0.1 6.8
176k-200k 6 5 2 0.1 7.2
201k-225k 4 5 1 0.2 4.8
226k-250k 4 5 0.2 4.8
251k-275k 2 5 3 0.4 2.4
276k-300k 3 8 5 0.4 2.3
301k-325k 1 3 1 0.5 2
326k-350k 2 2 0.2 6
351k-375k 2 2 0.2 6
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
651k-700k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.3 0
26k-50k 6 13 3 0.4 2.8
51k-75k 10 7 3 0.1 8.6
76k-100k 7 10 1 0.2 4.2
101k-125k 3 4 1 0.2 4.5
126k-150k 9 4 1 0.1 13.5
151k-175k 4 5 0.2 4.8
176k-200k 3 1 0.1 18
201k-225k 3 1 0.1 18
226k-250k 3 2 1 0.1 9
251k-275k 3 1 0.1 18
276k-300k 2 0
301k-325k 1 0
326k-350k 2 0
351k-375k 1 0
426k-450k 2 0
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 1 0
901k-950k 2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 2 0.2 6
1.3m-1.4m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0