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 2 0.3 0
51k-75k 6 1 1 0
76k-100k 3 1 0.5 0
101k-125k 3 5 0.3 3.6
126k-150k 7 14 2 0.3 3
151k-175k 12 12 1 0.2 6
176k-200k 18 31 4 0.3 3.5
201k-225k 10 29 2 0.5 2.1
226k-250k 24 39 7 0.3 3.7
251k-275k 23 47 4 0.3 2.9
276k-300k 20 55 7 0.5 2.2
301k-325k 23 38 1 0.3 3.6
326k-350k 32 54 10 0.3 3.6
351k-375k 9 47 5 0.9 1.1
376k-400k 36 48 2 0.2 4.5
401k-425k 27 33 0.2 4.9
426k-450k 21 43 5 0.3 2.9
451k-475k 13 22 0.3 3.5
476k-500k 10 21 4 0.4 2.9
501k-550k 18 27 2 0.3 4
551k-600k 19 27 2 0.2 4.2
601k-650k 16 21 2 0.2 4.6
651k-700k 16 16 3 0.2 6
701k-750k 6 12 0.3 3
751k-800k 11 12 2 0.2 5.5
801k-850k 5 7 2 0.2 4.3
851k-900k 10 11 0.2 5.5
901k-950k 7 7 2 0.2 6
951k-1m 5 4 1 0.1 7.5
1m-1.1m 2 4 1 0.3 3
1.1m-1.2m 6 1 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 1 2 0.3 3
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 0.2 6

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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
126k-150k 4 5 1 0.2 4.8
151k-175k 6 7 0.2 5.1
176k-200k 8 12 1 0.3 4
201k-225k 3 7 0.4 2.6
226k-250k 5 3 0.1 10
251k-275k 3 6 0.3 3
276k-300k 4 5 0.2 4.8
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 1 0.2 0
376k-400k 1 0
401k-425k 2 0.3 0
426k-450k 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
26k-50k 2 0.3 0
51k-75k 5 4 0.1 7.5
76k-100k 10 12 1 0.2 5
101k-125k 17 15 1 0.1 6.8
126k-150k 33 30 5 0.2 6.6
151k-175k 26 24 3 0.2 6.5
176k-200k 23 29 4 0.2 4.8
201k-225k 17 13 1 0.1 7.8
226k-250k 21 10 2 0.1 12.6
251k-275k 7 2 1 0 21
276k-300k 7 2 1 0 21
301k-325k 2 10 0.8 1.2
326k-350k 1 6 2 1 1
351k-375k 1 1 0.2 6
376k-400k 3 0.5 0
401k-425k 2 3 0.3 4
426k-450k 2 0
451k-475k 1 0
476k-500k 3 0
501k-550k 1 0
551k-600k 1 0.2 0
601k-650k 3 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 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 5 0.8 0
26k-50k 4 3 0.1 8
51k-75k 4 4 1 0.2 6
76k-100k 6 3 0.1 12
101k-125k 5 2 1 0.1 15
126k-150k 8 5 0.1 9.6
151k-175k 7 2 0 21
176k-200k 7 2 1 0 21
201k-225k 5 0
226k-250k 4 2 0.1 12
251k-275k 3 1 0.1 18
276k-300k 8 0
301k-325k 6 0
326k-350k 4 0
351k-375k 1 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 3 0
551k-600k 1 0
601k-650k 1 1 0.2 0
651k-700k 2 0
801k-850k 1 0
951k-1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3.5m-4m 2 0
6.01m-7m 1 0
7.01m-8m 2 0
8.01m-9m 1 0