Absorption Report

Gainesville

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
51k-75k 2 1 1 0.1 12
76k-100k 1 6 1 1 1
101k-125k 14 3 2.3 0
126k-150k 7 11 0.3 3.8
151k-175k 9 27 1 0.5 2
176k-200k 16 21 3 0.2 4.6
201k-225k 13 53 6 0.7 1.5
226k-250k 20 65 9 0.5 1.8
251k-275k 24 48 6 0.3 3
276k-300k 37 88 9 0.4 2.5
301k-325k 17 65 12 0.6 1.6
326k-350k 36 55 7 0.3 3.9
351k-375k 25 60 9 0.4 2.5
376k-400k 35 65 7 0.3 3.2
401k-425k 34 72 8 0.4 2.8
426k-450k 35 42 3 0.2 5
451k-475k 17 25 6 0.2 4.1
476k-500k 25 26 3 0.2 5.8
501k-550k 31 54 5 0.3 3.4
551k-600k 18 31 1 0.3 3.5
601k-650k 13 27 4 0.3 2.9
651k-700k 14 17 2 0.2 4.9
701k-750k 7 12 1 0.3 3.5
751k-800k 10 20 4 0.3 3
801k-850k 6 11 0.3 3.3
851k-900k 8 13 1 0.3 3.7
901k-950k 4 7 3 0.3 3.4
951k-1m 4 4 0.2 6
1m-1.1m 3 7 1 0.4 2.6
1.1m-1.2m 5 6 0.2 5
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 4 0.7 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 5 1 0 30
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
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
76k-100k 2 0
101k-125k 1 0.2 0
126k-150k 2 6 1 0.5 2
151k-175k 5 15 3 0.5 2
176k-200k 15 18 1 0.2 5
201k-225k 8 15 1 0.3 3.2
226k-250k 9 9 0.2 6
251k-275k 3 12 2 0.7 1.5
276k-300k 1 0.2 0
301k-325k 2 0.3 0
326k-350k 2 0.3 0
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
476k-500k 1 0
501k-550k 1 0.2 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
26k-50k 1 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 17 18 4 0.2 5.7
101k-125k 11 26 1 0.4 2.5
126k-150k 14 33 4 0.4 2.5
151k-175k 29 38 3 0.2 4.6
176k-200k 34 45 6 0.2 4.5
201k-225k 20 25 3 0.2 4.8
226k-250k 16 17 6 0.2 5.6
251k-275k 11 16 2 0.2 4.1
276k-300k 3 7 2 0.4 2.6
301k-325k 2 2 0.2 6
326k-350k 3 4 1 0.2 4.5
351k-375k 4 7 0.3 3.4
376k-400k 1 3 0.5 2
401k-425k 2 1 0.1 12
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
701k-750k 4 1 0 24

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 10 0.8 1.2
26k-50k 2 8 2 0.7 1.5
51k-75k 3 4 0.2 4.5
76k-100k 8 4 0.1 12
101k-125k 3 3 0.2 6
126k-150k 4 2 1 0.1 12
151k-175k 5 5 1 0.2 6
176k-200k 6 1 1 0 36
201k-225k 1 0
226k-250k 5 2 1 0.1 15
251k-275k 6 2 0.1 18
276k-300k 6 2 1 0.1 18
301k-325k 3 1 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
451k-475k 2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 1 0.2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 2 0.3 3
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0