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 2 0.3 0
76k-100k 1 0.2 0
126k-150k 2 1 1 0.1 12
151k-175k 1 12 2 0.5
176k-200k 2 6 0.5 2
201k-225k 3 6 0.3 3
226k-250k 7 12 0.3 3.5
251k-275k 8 18 2 0.4 2.7
276k-300k 9 24 7 0.4 2.3
301k-325k 17 24 6 0.2 4.3
326k-350k 23 47 6 0.3 2.9
351k-375k 19 36 9 0.3 3.2
376k-400k 28 63 12 0.4 2.7
401k-425k 12 26 2 0.4 2.8
426k-450k 20 25 2 0.2 4.8
451k-475k 23 29 4 0.2 4.8
476k-500k 24 23 2 0.2 6.3
501k-550k 50 29 2 0.1 10.3
551k-600k 38 35 5 0.2 6.5
601k-650k 25 19 3 0.1 7.9
651k-700k 25 9 2 0.1 16.7
701k-750k 13 8 1 0.1 9.8
751k-800k 15 12 1 0.1 7.5
801k-850k 13 7 2 0.1 11.1
851k-900k 12 7 1 0.1 10.3
901k-950k 4 6 0.3 4
951k-1m 6 7 1 0.2 5.1
1m-1.1m 12 5 0.1 14.4
1.1m-1.2m 9 8 1 0.1 6.8
1.2m-1.3m 4 6 2 0.3 4
1.3m-1.4m 7 10 2 0.2 4.2
1.4m-1.5m 8 3 0.1 16
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 3 0
1.7m-1.8m 1 2 0.3 3
1.8m-1.9m 4 2 0.1 12
1.9m-2m 3 0
2m-2.25m 1 1 0.2 0
2.25m-2.5m 12 0
2.5m-2.75m 1 0
2.75m-3m 4 2 0.1 12
3m-3.5m 3 1 0.1 18
3.5m-4m 1 0
5.01m-6m 1 0

Townhouses 23% 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 0
201k-225k 1 1 0.2 6
226k-250k 1 1 0.2 0
251k-275k 2 1 1 0.1 12
276k-300k 8 4 0.1 12
301k-325k 9 17 6 0.3 3.2
326k-350k 6 12 2 0.3 3
351k-375k 13 7 1 0.1 11.1
376k-400k 12 5 2 0.1 14.4
451k-475k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
701k-750k 2 0

Condos 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
176k-200k 1 0.2 0
201k-225k 2 1 0.1 12
226k-250k 2 1 0.1 12
251k-275k 3 2 0.1 9
276k-300k 1 0
376k-400k 1 0
476k-500k 1 0
601k-650k 1 0
651k-700k 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 2 0.1 12
26k-50k 6 7 0.2 5.1
51k-75k 14 6 0.1 14
76k-100k 10 6 2 0.1 10
101k-125k 14 4 0 21
126k-150k 7 5 0.1 8.4
151k-175k 7 4 1 0.1 10.5
176k-200k 6 3 0.1 12
201k-225k 7 1 0 42
226k-250k 7 1 0 42
251k-275k 3 0
276k-300k 7 0
301k-325k 1 1 0.2 6
326k-350k 6 0
351k-375k 4 2 0.1 12
376k-400k 3 1 0.1 18
401k-425k 2 0
451k-475k 1 0.2 0
476k-500k 2 1 1 0.1 12
501k-550k 1 0
551k-600k 5 1 0 30
601k-650k 1 1 0.2 6
651k-700k 4 1 0 24
701k-750k 1 0.2 0
751k-800k 3 1 1 0.1 18
801k-850k 2 0
851k-900k 1 0
901k-950k 5 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 6 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0