Absorption Report

Gainesville, 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 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 1 1 0.2 0
51k-75k 2 1 0.3 0
76k-100k 4 1 0.7 0
101k-125k 1 10 1 1.7 0.6
126k-150k 8 10 0.2 4.8
151k-175k 8 15 3 0.3 3.2
176k-200k 16 22 3 0.2 4.4
201k-225k 10 47 7 0.8 1.3
226k-250k 21 58 1 0.5 2.2
251k-275k 27 49 8 0.3 3.3
276k-300k 29 61 7 0.4 2.9
301k-325k 17 52 3 0.5 2
326k-350k 38 48 11 0.2 4.8
351k-375k 26 52 5 0.3 3
376k-400k 31 57 10 0.3 3.3
401k-425k 23 63 9 0.5 2.2
426k-450k 24 31 1 0.2 4.6
451k-475k 30 27 6 0.2 6.7
476k-500k 21 17 2 0.1 7.4
501k-550k 27 37 3 0.2 4.4
551k-600k 23 23 3 0.2 6
601k-650k 12 25 3 0.3 2.9
651k-700k 9 10 2 0.2 5.4
701k-750k 6 10 3 0.3 3.6
751k-800k 13 17 2 0.2 4.6
801k-850k 5 10 1 0.3 3
851k-900k 4 8 1 0.3 3
901k-950k 3 5 0.3 3.6
951k-1m 6 5 2 0.1 7.2
1m-1.1m 2 6 1 0.5 2
1.1m-1.2m 4 5 0.2 4.8
1.2m-1.3m 4 1 0 24
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 1 0.3 0
2m-2.25m 3 2 0.5 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 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
101k-125k 2 2 1 0.2 6
126k-150k 4 8 1 0.3 3
151k-175k 8 17 3 0.4 2.8
176k-200k 14 12 0.1 7
201k-225k 4 14 1 0.6 1.7
226k-250k 5 6 0.2 5
251k-275k 2 11 2 0.9 1.1
276k-300k 2 0
301k-325k 1 0.2 0
401k-425k 1 0.2 0
476k-500k 1 0

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
51k-75k 1 2 1 0.3 3
76k-100k 20 13 1 0.1 9.2
101k-125k 11 23 0.3 2.9
126k-150k 11 28 4 0.4 2.4
151k-175k 28 32 1 0.2 5.3
176k-200k 43 32 1 0.1 8.1
201k-225k 12 22 1 0.3 3.3
226k-250k 16 13 1 0.1 7.4
251k-275k 9 15 2 0.3 3.6
276k-300k 4 6 0.3 4
301k-325k 7 2 0 21
326k-350k 3 2 1 0.1 9
351k-375k 3 5 0.3 3.6
376k-400k 1 4 1 0.7 1.5
401k-425k 3 1 0.1 18
426k-450k 1 0
451k-475k 1 0
476k-500k 1 1 0.2 0
501k-550k 1 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 4 0
751k-800k 2 0
1m-1.1m 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 3 6 0.3 3
26k-50k 4 4 0.2 6
51k-75k 2 4 1 0.3 3
76k-100k 9 0
101k-125k 3 2 0.1 9
126k-150k 5 3 0.1 10
151k-175k 5 2 0.1 15
176k-200k 6 1 0 36
201k-225k 1 0
226k-250k 5 3 1 0.1 10
251k-275k 7 2 0 21
276k-300k 3 2 0.1 9
301k-325k 3 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 3 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 2 0
601k-650k 2 0
651k-700k 1 0
751k-800k 1 0.2 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
7.01m-8m 1 0
25.01m-26m 1 0