Supply & Demand in Gainesville, GA

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
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Buyer's
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< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 17% 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 0.3 0
76k-100k 1 1 0.2 6
126k-150k 2 0.3 0
151k-175k 1 11 1 1.8 0.5
176k-200k 4 3 1 0.1 8
201k-225k 2 6 0.5 2
226k-250k 6 11 1 0.3 3.3
251k-275k 13 17 1 0.2 4.6
276k-300k 17 28 6 0.3 3.6
301k-325k 20 28 2 0.2 4.3
326k-350k 22 51 7 0.4 2.6
351k-375k 21 40 5 0.3 3.2
376k-400k 49 59 9 0.2 5
401k-425k 9 27 5 0.5 2
426k-450k 29 26 7 0.1 6.7
451k-475k 28 21 4 0.1 8
476k-500k 32 33 2 0.2 5.8
501k-550k 47 35 9 0.1 8.1
551k-600k 29 42 10 0.2 4.1
601k-650k 36 23 3 0.1 9.4
651k-700k 36 12 2 0.1 18
701k-750k 17 13 2 0.1 7.8
751k-800k 12 11 2 0.2 6.5
801k-850k 19 8 1 0.1 14.3
851k-900k 14 7 0.1 12
901k-950k 5 5 0.2 6
951k-1m 11 9 2 0.1 7.3
1m-1.1m 13 5 0.1 15.6
1.1m-1.2m 14 4 0 21
1.2m-1.3m 8 5 2 0.1 9.6
1.3m-1.4m 9 14 2 0.3 3.9
1.4m-1.5m 8 3 1 0.1 16
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 4 1 1 0 24
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 3 2 1 0.1 9
2m-2.25m 6 0
2.25m-2.5m 14 0
2.5m-2.75m 2 0
2.75m-3m 3 1 1 0.1 18
3m-3.5m 4 2 0.1 12
3.5m-4m 1 0
4m-4.5m 1 0

Townhouses 22% 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
176k-200k 1 1 0.2 0
201k-225k 2 0.3 0
226k-250k 2 1 0.1 12
251k-275k 3 1 0.1 18
276k-300k 7 10 5 0.2 4.2
301k-325k 23 21 5 0.2 6.6
326k-350k 7 16 3 0.4 2.6
351k-375k 12 3 0 24
376k-400k 9 6 1 0.1 9
476k-500k 2 0
551k-600k 6 0

Condos 20% 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
176k-200k 1 1 0.2 6
201k-225k 1 1 1 0.2 6
226k-250k 1 0.2 0
251k-275k 2 3 0.3 4
276k-300k 3 2 1 0.1 9
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0
426k-450k 1 0
601k-650k 1 0
801k-850k 1 0.2 0

Land 7% 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 7 2 1 0 21
26k-50k 5 3 1 0.1 10
51k-75k 18 6 1 0.1 18
76k-100k 11 6 0.1 11
101k-125k 11 7 1 0.1 9.4
126k-150k 9 5 0.1 10.8
151k-175k 9 3 1 0.1 18
176k-200k 4 1 0 24
201k-225k 7 1 0 42
226k-250k 7 1 0 42
251k-275k 5 0
276k-300k 5 0
301k-325k 2 1 0.1 12
326k-350k 3 0
351k-375k 5 3 1 0.1 10
376k-400k 1 0
401k-425k 2 0
426k-450k 1 0
451k-475k 2 0.3 0
476k-500k 3 0
501k-550k 3 0
551k-600k 5 3 2 0.1 10
601k-650k 2 0
651k-700k 2 3 0.3 4
751k-800k 3 1 0.1 18
801k-850k 2 0
851k-900k 1 0
901k-950k 4 1 0 24
951k-1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 2 0
1.3m-1.4m 8 0
1.4m-1.5m 1 0
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.9m-2m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0