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

Houses 18% 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
76k-100k 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 3 1 0.5 2
176k-200k 6 6 3 0.2 6
201k-225k 6 5 1 0.1 7.2
226k-250k 3 14 2 0.8 1.3
251k-275k 17 21 1 0.2 4.9
276k-300k 13 31 1 0.4 2.5
301k-325k 8 39 5 0.8 1.2
326k-350k 31 50 10 0.3 3.7
351k-375k 26 38 8 0.2 4.1
376k-400k 36 63 10 0.3 3.4
401k-425k 22 32 3 0.2 4.1
426k-450k 24 45 3 0.3 3.2
451k-475k 20 28 8 0.2 4.3
476k-500k 23 31 6 0.2 4.5
501k-550k 41 37 5 0.2 6.6
551k-600k 35 28 4 0.1 7.5
601k-650k 33 20 1 0.1 9.9
651k-700k 23 20 1 0.1 6.9
701k-750k 16 12 1 0.1 8
751k-800k 16 13 4 0.1 7.4
801k-850k 19 7 1 0.1 16.3
851k-900k 13 7 0.1 11.1
901k-950k 5 5 1 0.2 6
951k-1m 11 5 1 0.1 13.2
1m-1.1m 10 14 2 0.2 4.3
1.1m-1.2m 15 8 0.1 11.3
1.2m-1.3m 10 6 1 0.1 10
1.3m-1.4m 8 2 0 24
1.4m-1.5m 9 8 0.1 6.8
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 5 1 0 30
1.7m-1.8m 4 4 0.2 6
1.8m-1.9m 3 2 0.1 9
1.9m-2m 6 3 0.1 12
2m-2.25m 1 0
2.25m-2.5m 7 0
2.5m-2.75m 5 1 0 30
2.75m-3m 5 2 2 0.1 15
3m-3.5m 2 3 0.3 4
4.5m-5m 1 0.2 0
6.01m-7m 1 0

Townhouses 8% 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
201k-225k 1 0.2 0
226k-250k 1 1 0.2 6
251k-275k 2 0
276k-300k 3 5 0.3 3.6
301k-325k 3 3 0.2 6
326k-350k 10 3 1 0.1 20
351k-375k 9 7 2 0.1 7.7
376k-400k 14 5 0.1 16.8
401k-425k 5 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
751k-800k 2 0

Condos 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
201k-225k 2 0
226k-250k 5 2 0.1 15
251k-275k 2 1 0.1 12
276k-300k 3 3 0.2 6
351k-375k 1 0.2 0
551k-600k 1 0
651k-700k 1 1 0.2 0

Land 5% 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 4 5 0.2 4.8
26k-50k 5 5 0.2 6
51k-75k 13 7 0.1 11.1
76k-100k 11 7 0.1 9.4
101k-125k 17 4 0 25.5
126k-150k 8 3 0.1 16
151k-175k 12 3 1 0 24
176k-200k 9 3 0.1 18
201k-225k 6 2 0.1 18
226k-250k 6 0
276k-300k 6 1 0 36
301k-325k 1 1 0.2 6
326k-350k 6 0
351k-375k 4 0
376k-400k 2 3 0.3 4
401k-425k 3 0
426k-450k 1 1 0.2 0
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 3 0
601k-650k 2 0
651k-700k 2 0
701k-750k 1 1 1 0.2 6
751k-800k 1 1 0.2 6
801k-850k 3 0
851k-900k 1 0
901k-950k 4 0
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 5 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0