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 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
26k-50k 2 1 0.3 0
51k-75k 1 3 1 0.5 2
76k-100k 4 0.7 0
101k-125k 2 8 1 0.7 1.5
126k-150k 9 7 2 0.1 7.7
151k-175k 8 13 3 0.3 3.7
176k-200k 8 21 4 0.4 2.3
201k-225k 18 41 7 0.4 2.6
226k-250k 25 47 7 0.3 3.2
251k-275k 23 39 5 0.3 3.5
276k-300k 28 51 5 0.3 3.3
301k-325k 14 50 12 0.6 1.7
326k-350k 27 46 8 0.3 3.5
351k-375k 18 43 7 0.4 2.5
376k-400k 30 54 10 0.3 3.3
401k-425k 21 48 4 0.4 2.6
426k-450k 27 30 10 0.2 5.4
451k-475k 27 28 7 0.2 5.8
476k-500k 14 15 2 0.2 5.6
501k-550k 29 41 13 0.2 4.2
551k-600k 17 17 1 0.2 6
601k-650k 10 20 2 0.3 3
651k-700k 10 7 1 0.1 8.6
701k-750k 5 11 2 0.4 2.7
751k-800k 12 14 2 0.2 5.1
801k-850k 3 9 4 0.5 2
851k-900k 4 7 2 0.3 3.4
901k-950k 5 7 2 0.2 4.3
951k-1m 4 4 0.2 6
1m-1.1m 3 6 0.3 3
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 3 3 2 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 3 1 0.5 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 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
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 3 6 0.3 3
151k-175k 6 16 2 0.4 2.3
176k-200k 10 9 2 0.2 6.7
201k-225k 5 15 3 0.5 2
226k-250k 5 5 0.2 6
251k-275k 1 9 1 1.5 0.7
276k-300k 2 0
301k-325k 1 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 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
26k-50k 1 0.2 0
51k-75k 2 2 1 0.2 6
76k-100k 15 10 0.1 9
101k-125k 12 19 1 0.3 3.8
126k-150k 14 22 2 0.3 3.8
151k-175k 30 27 6 0.2 6.7
176k-200k 37 25 4 0.1 8.9
201k-225k 12 17 2 0.2 4.2
226k-250k 12 15 2 0.2 4.8
251k-275k 8 12 0.3 4
276k-300k 5 6 1 0.2 5
301k-325k 4 3 1 0.1 8
326k-350k 3 3 1 0.2 6
351k-375k 3 3 0.2 6
376k-400k 1 1 0.2 6
401k-425k 1 1 0.2 6
426k-450k 1 0
451k-475k 2 0
476k-500k 1 0.2 0
501k-550k 2 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 3 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 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 1 0.1 18
26k-50k 6 3 0.1 12
51k-75k 1 3 0.5 2
76k-100k 9 1 0 54
101k-125k 3 1 0.1 18
126k-150k 7 3 0.1 14
151k-175k 5 2 1 0.1 15
176k-200k 4 1 0 24
201k-225k 2 0
226k-250k 4 3 0.1 8
251k-275k 7 0
276k-300k 3 2 0.1 9
301k-325k 1 1 0.2 6
326k-350k 1 0
376k-400k 3 0
401k-425k 2 1 0.3 0
426k-450k 2 0
451k-475k 1 0
476k-500k 2 1 1 0.1 12
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0.2 0
851k-900k 1 0
951k-1m 2 0
1.2m-1.3m 2 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 2 0
3.5m-4m 1 0
4.5m-5m 1 1 0.2 0
7.01m-8m 1 0
25.01m-26m 1 0