Supply & Demand in 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 % 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 6
51k-75k 2 2 0.3 0
76k-100k 1 0.2 0
101k-125k 3 8 2 0.4 2.3
126k-150k 4 16 2 0.7 1.5
151k-175k 7 13 6 0.3 3.2
176k-200k 22 38 7 0.3 3.5
201k-225k 11 35 1 0.5 1.9
226k-250k 25 49 5 0.3 3.1
251k-275k 27 57 7 0.4 2.8
276k-300k 33 65 10 0.3 3
301k-325k 28 56 6 0.3 3
326k-350k 37 60 4 0.3 3.7
351k-375k 29 61 10 0.4 2.9
376k-400k 35 56 7 0.3 3.7
401k-425k 20 46 4 0.4 2.6
426k-450k 24 52 7 0.4 2.8
451k-475k 12 27 2 0.4 2.7
476k-500k 15 26 3 0.3 3.5
501k-550k 13 38 6 0.5 2.1
551k-600k 11 33 6 0.5 2
601k-650k 13 24 4 0.3 3.3
651k-700k 16 19 0.2 5.1
701k-750k 4 18 2 0.8 1.3
751k-800k 9 12 0.2 4.5
801k-850k 6 10 1 0.3 3.6
851k-900k 9 11 2 0.2 4.9
901k-950k 4 7 2 0.3 3.4
951k-1m 5 3 1 0.1 10
1m-1.1m 6 3 1 0.1 12
1.1m-1.2m 1 11 2 1.8 0.5
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 4 0.7 1.5
1.5m-1.6m 4 1 0 24
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 3 1 0.5 2
2m-2.25m 1 0.2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0

Townhouses % 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 4 7 1 0.3 3.4
151k-175k 6 9 1 0.3 4
176k-200k 13 15 4 0.2 5.2
201k-225k 5 10 1 0.3 3
226k-250k 7 3 1 0.1 14
251k-275k 2 8 0.7 1.5
276k-300k 3 4 2 0.2 4.5
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 2 0.3 0
401k-425k 1 2 0.3 3
451k-475k 1 0
476k-500k 1 0

Condos % 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 10 1 1.7 0.6
76k-100k 14 12 1 0.1 7
101k-125k 17 17 3 0.2 6
126k-150k 32 39 4 0.2 4.9
151k-175k 33 37 6 0.2 5.4
176k-200k 34 32 4 0.2 6.4
201k-225k 16 20 1 0.2 4.8
226k-250k 22 14 1 0.1 9.4
251k-275k 5 3 0.1 10
276k-300k 8 6 0.1 8
301k-325k 4 20 4 0.8 1.2
326k-350k 6 1 1 0
351k-375k 1 1 0.2 6
376k-400k 1 4 0.7 1.5
401k-425k 2 3 1 0.3 4
451k-475k 1 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 1 0.2 6
701k-750k 3 0

Land % 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 1 6 1 1 1
26k-50k 5 5 1 0.2 6
51k-75k 5 4 0.1 7.5
76k-100k 7 3 0.1 14
101k-125k 4 2 0.1 12
126k-150k 8 5 1 0.1 9.6
151k-175k 9 3 0.1 18
176k-200k 5 1 0 30
201k-225k 4 0
226k-250k 9 1 0 54
251k-275k 4 1 0 24
276k-300k 9 0
301k-325k 3 0
326k-350k 3 0
376k-400k 3 0
426k-450k 2 0
451k-475k 2 1 0.1 12
476k-500k 3 0
551k-600k 1 0
651k-700k 2 1 0.1 12
951k-1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 2 0
1.4m-1.5m 5 1 1 0 30
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 2 0
7.01m-8m 1 0
8.01m-9m 1 0