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 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 1 0.2 4.8
151k-175k 8 15 3 0.3 3.2
176k-200k 17 21 3 0.2 4.9
201k-225k 12 45 7 0.6 1.6
226k-250k 21 58 1 0.5 2.2
251k-275k 24 49 8 0.3 2.9
276k-300k 29 60 7 0.3 2.9
301k-325k 21 52 3 0.4 2.4
326k-350k 37 48 11 0.2 4.6
351k-375k 27 52 5 0.3 3.1
376k-400k 31 57 9 0.3 3.3
401k-425k 24 63 9 0.4 2.3
426k-450k 25 32 2 0.2 4.7
451k-475k 30 28 7 0.2 6.4
476k-500k 20 17 2 0.1 7.1
501k-550k 27 39 5 0.2 4.2
551k-600k 24 23 3 0.2 6.3
601k-650k 12 25 3 0.3 2.9
651k-700k 9 10 2 0.2 5.4
701k-750k 8 10 3 0.2 4.8
751k-800k 13 17 2 0.2 4.6
801k-850k 6 9 1 0.3 4
851k-900k 4 8 1 0.3 3
901k-950k 4 5 0.2 4.8
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 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
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 13 13 1 0.2 6
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 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
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 10 28 4 0.5 2.1
151k-175k 27 32 1 0.2 5.1
176k-200k 44 30 1 0.1 8.8
201k-225k 12 22 1 0.3 3.3
226k-250k 16 14 2 0.1 6.9
251k-275k 9 16 3 0.3 3.4
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

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 4 5 0.2 4.8
26k-50k 4 4 0.2 6
51k-75k 2 4 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 6 3 1 0.1 12
251k-275k 6 2 0.1 18
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 2 0
451k-475k 1 0
476k-500k 2 0
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
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