Absorption Report

Gainesville, New Construction, Stephen Foster Elementary School

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
176k-200k 1 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0.2 0
276k-300k 2 0.3 0
301k-325k 4 14 1 0.6 1.7
326k-350k 20 45 4 0.4 2.7
351k-375k 37 89 18 0.4 2.5
376k-400k 75 108 25 0.2 4.2
401k-425k 58 121 14 0.3 2.9
426k-450k 74 79 25 0.2 5.6
451k-475k 55 63 13 0.2 5.2
476k-500k 48 56 8 0.2 5.1
501k-550k 43 92 24 0.4 2.8
551k-600k 28 57 18 0.3 2.9
601k-650k 22 27 10 0.2 4.9
651k-700k 15 31 5 0.3 2.9
701k-750k 13 15 1 0.2 5.2
751k-800k 11 16 2 0.2 4.1
801k-850k 5 13 2 0.4 2.3
851k-900k 12 11 0.2 6.5
901k-950k 7 10 5 0.2 4.2
951k-1m 1 6 1 1 1
1m-1.1m 4 3 0.1 8
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 2 2 0.3 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 2 1 0.3 0
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 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
276k-300k 1 5 0.8 1.2
301k-325k 3 1 0.1 18
326k-350k 4 3 1 0.1 8
351k-375k 1 0
426k-450k 3 0
451k-475k 5 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
101k-125k 1 0
201k-225k 3 0.5 0
226k-250k 1 0
276k-300k 1 0.2 0
301k-325k 3 0
351k-375k 1 1 1 0.2 6
376k-400k 1 0
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 2 0
551k-600k 2 0
601k-650k 1 0.2 0
651k-700k 2 2 0.3 0
751k-800k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 1 0.1 12
4m-4.5m 1 0