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 0.2 0
51k-75k 1 2 1 0.3 3
76k-100k 4 1 0.7 0
101k-125k 1 9 1 1.5 0.7
126k-150k 8 9 1 0.2 5.3
151k-175k 8 15 3 0.3 3.2
176k-200k 16 22 4 0.2 4.4
201k-225k 11 45 6 0.7 1.5
226k-250k 22 56 1 0.4 2.4
251k-275k 22 50 9 0.4 2.6
276k-300k 31 59 7 0.3 3.2
301k-325k 19 52 5 0.5 2.2
326k-350k 36 47 9 0.2 4.6
351k-375k 21 52 5 0.4 2.4
376k-400k 31 58 8 0.3 3.2
401k-425k 25 61 9 0.4 2.5
426k-450k 26 31 2 0.2 5
451k-475k 31 29 6 0.2 6.4
476k-500k 20 16 2 0.1 7.5
501k-550k 26 40 6 0.3 3.9
551k-600k 20 23 4 0.2 5.2
601k-650k 12 25 2 0.3 2.9
651k-700k 10 10 2 0.2 6
701k-750k 9 10 3 0.2 5.4
751k-800k 14 15 2 0.2 5.6
801k-850k 5 9 1 0.3 3.3
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 1 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 0.3 3
151k-175k 8 17 2 0.4 2.8
176k-200k 13 12 1 0.2 6.5
201k-225k 4 15 2 0.6 1.6
226k-250k 5 6 0.2 5
251k-275k 2 11 1 0.9 1.1
276k-300k 2 0
301k-325k 1 1 0.2 6
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 21 13 1 0.1 9.7
101k-125k 11 24 1 0.4 2.8
126k-150k 12 28 2 0.4 2.6
151k-175k 31 30 2 0.2 6.2
176k-200k 42 28 1 0.1 9
201k-225k 12 22 1 0.3 3.3
226k-250k 17 15 3 0.1 6.8
251k-275k 8 17 4 0.4 2.8
276k-300k 5 6 0.2 5
301k-325k 6 2 0.1 18
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 2 1 0.1 12
426k-450k 1 0
451k-475k 2 0
476k-500k 1 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 4 5 0.2 4.8
26k-50k 5 3 0.1 10
51k-75k 2 4 0.3 3
76k-100k 9 1 1 0 54
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 6 2 0.1 18
276k-300k 3 2 0.1 9
301k-325k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 3 0
401k-425k 1 1 0.2 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 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 3 0
3.5m-4m 1 0
4m-4.5m 1 0
7.01m-8m 1 0
25.01m-26m 1 0