Absorption Report

Gainesville, 35th Place Unit 27

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
151k-175k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 2 6 1 0.5 2
251k-275k 1 7 1.2 0.9
276k-300k 4 14 2 0.6 1.7
301k-325k 10 16 3 0.3 3.8
326k-350k 16 21 5 0.2 4.6
351k-375k 16 15 0.2 6.4
376k-400k 26 17 1 0.1 9.2
401k-425k 24 13 0.1 11.1
426k-450k 19 10 2 0.1 11.4
451k-475k 13 20 3 0.3 3.9
476k-500k 29 14 2 0.1 12.4
501k-550k 19 21 0.2 5.4
551k-600k 24 14 2 0.1 10.3
601k-650k 17 11 1 0.1 9.3
651k-700k 14 2 0 42
701k-750k 7 2 0 21
751k-800k 2 0.3 0
801k-850k 2 0
851k-900k 3 1 0.1 18
901k-950k 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
226k-250k 1 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
101k-125k 1 1 0.2 6
126k-150k 5 0
151k-175k 5 1 0 30
176k-200k 3 3 0.2 6
201k-225k 5 4 2 0.1 7.5
226k-250k 7 2 0 21
251k-275k 3 2 0.1 9
276k-300k 1 0.2 0
351k-375k 1 0

Land 1% 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 20 50 6 0.4 2.4
26k-50k 213 60 8 0 21.3
51k-75k 117 36 4 0.1 19.5
76k-100k 34 1 0 204
101k-125k 12 0
126k-150k 6 0
151k-175k 2 2 0.2 6
176k-200k 4 0
201k-225k 1 0
276k-300k 1 0
301k-325k 1 0
326k-350k 3 0
401k-425k 1 0
426k-450k 1 1 0.2 6
751k-800k 1 0
1.1m-1.2m 1 1 0.2 6
1.4m-1.5m 1 0
3m-3.5m 1 0