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 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 3 0.5 2
51k-75k 1 0.2 0
76k-100k 2 1 0.1 12
101k-125k 3 4 0.2 4.5
126k-150k 9 19 2 0.4 2.8
151k-175k 9 7 1 0.1 7.7
176k-200k 20 39 4 0.3 3.1
201k-225k 13 40 4 0.5 2
226k-250k 25 54 3 0.4 2.8
251k-275k 33 64 8 0.3 3.1
276k-300k 38 76 11 0.3 3
301k-325k 28 63 8 0.4 2.7
326k-350k 35 69 12 0.3 3
351k-375k 38 59 10 0.3 3.9
376k-400k 36 62 10 0.3 3.5
401k-425k 27 54 5 0.3 3
426k-450k 29 57 13 0.3 3.1
451k-475k 14 30 1 0.4 2.8
476k-500k 19 30 4 0.3 3.8
501k-550k 23 41 3 0.3 3.4
551k-600k 19 35 6 0.3 3.3
601k-650k 17 26 1 0.3 3.9
651k-700k 15 22 7 0.2 4.1
701k-750k 6 16 2 0.4 2.3
751k-800k 7 16 5 0.4 2.6
801k-850k 3 9 2 0.5 2
851k-900k 8 13 2 0.3 3.7
901k-950k 4 5 0.2 4.8
951k-1m 6 1 0 36
1m-1.1m 4 3 1 0.1 8
1.1m-1.2m 3 8 1 0.4 2.3
1.2m-1.3m 2 5 0.4 2.4
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 5 0.8 1.2
1.5m-1.6m 2 3 1 0.3 4
1.6m-1.7m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 2 1 0.3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 4 11 1 0.5 2.2
151k-175k 9 11 1 0.2 4.9
176k-200k 11 13 2 0.2 5.1
201k-225k 7 15 2 0.4 2.8
226k-250k 5 2 0.1 15
251k-275k 3 7 1 0.4 2.6
276k-300k 3 2 0.1 9
301k-325k 1 0
326k-350k 1 2 1 0.3 3
351k-375k 2 0.3 0
401k-425k 1 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 2 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 2 10 0.8 1.2
76k-100k 15 12 6 0.1 7.5
101k-125k 18 16 7 0.1 6.8
126k-150k 29 42 1 0.2 4.1
151k-175k 41 32 1 0.1 7.7
176k-200k 39 32 3 0.1 7.3
201k-225k 15 27 3 0.3 3.3
226k-250k 26 17 1 0.1 9.2
251k-275k 5 5 1 0.2 6
276k-300k 7 8 1 0.2 5.3
301k-325k 5 19 0.6 1.6
326k-350k 1 6 1 1
351k-375k 2 2 0.2 6
376k-400k 4 2 0.7 0
401k-425k 2 4 1 0.3 3
426k-450k 1 0.2 0
476k-500k 3 0
551k-600k 3 0
601k-650k 3 1 0.1 18
651k-700k 2 0
701k-750k 3 0
801k-850k 1 0
851k-900k 1 0
951k-1m 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 1 15 2 2.5 0.4
26k-50k 7 4 0.1 10.5
51k-75k 4 5 2 0.2 4.8
76k-100k 5 3 2 0.1 10
101k-125k 5 2 1 0.1 15
126k-150k 10 4 2 0.1 15
151k-175k 8 3 1 0.1 16
176k-200k 3 1 1 0.1 18
201k-225k 5 0
226k-250k 6 1 0 36
251k-275k 8 1 1 0 48
276k-300k 7 0
301k-325k 1 0
326k-350k 4 0
351k-375k 1 0
376k-400k 3 0
401k-425k 1 0
426k-450k 2 0
451k-475k 2 1 0.1 12
476k-500k 2 0
501k-550k 1 0
651k-700k 1 1 0.2 6
751k-800k 2 0
901k-950k 1 0.2 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 1 0.2 6
2.5m-2.75m 2 0
3.5m-4m 1 0
7.01m-8m 1 0
8.01m-9m 1 0