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 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 3 0.5 2
176k-200k 5 4 2 0.1 7.5
201k-225k 4 5 2 0.2 4.8
226k-250k 4 9 3 0.4 2.7
251k-275k 11 24 1 0.4 2.8
276k-300k 20 30 2 0.3 4
301k-325k 9 39 1 0.7 1.4
326k-350k 28 55 5 0.3 3.1
351k-375k 20 49 4 0.4 2.4
376k-400k 35 57 10 0.3 3.7
401k-425k 20 34 4 0.3 3.5
426k-450k 24 52 6 0.4 2.8
451k-475k 22 22 2 0.2 6
476k-500k 32 29 5 0.2 6.6
501k-550k 40 46 6 0.2 5.2
551k-600k 23 31 3 0.2 4.5
601k-650k 33 20 4 0.1 9.9
651k-700k 24 25 5 0.2 5.8
701k-750k 13 12 2 0.2 6.5
751k-800k 18 8 3 0.1 13.5
801k-850k 9 8 3 0.1 6.8
851k-900k 11 13 1 0.2 5.1
901k-950k 7 7 1 0.2 6
951k-1m 6 5 0.1 7.2
1m-1.1m 14 15 1 0.2 5.6
1.1m-1.2m 12 7 2 0.1 10.3
1.2m-1.3m 13 7 2 0.1 11.1
1.3m-1.4m 7 2 0 21
1.4m-1.5m 8 7 2 0.1 6.9
1.5m-1.6m 5 5 0.2 6
1.6m-1.7m 6 1 0 36
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 3 0
1.9m-2m 4 1 1 0 24
2m-2.25m 1 3 1 0.5 2
2.25m-2.5m 6 0
2.5m-2.75m 3 1 0.1 18
2.75m-3m 6 0
3m-3.5m 3 3 1 0.2 6
4.5m-5m 1 0.2 0
7.01m-8m 1 0

Townhouses 12% 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 1 0.3 0
226k-250k 1 1 1 0.2 6
251k-275k 1 0
276k-300k 4 2 0.1 12
301k-325k 3 6 1 0.3 3
326k-350k 17 4 1 0 25.5
351k-375k 15 5 3 0.1 18
376k-400k 13 5 0.1 15.6
401k-425k 3 0
476k-500k 1 1 0.2 6
501k-550k 1 0.2 0
751k-800k 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
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 3 1 0.1 18
226k-250k 2 1 0.1 12
251k-275k 3 1 0.1 18
276k-300k 3 3 0.2 6
351k-375k 1 0.2 0
701k-750k 1 0.2 0

Land 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
1k-25k 5 2 0.1 15
26k-50k 8 4 0.1 12
51k-75k 11 7 2 0.1 9.4
76k-100k 13 10 3 0.1 7.8
101k-125k 15 6 1 0.1 15
126k-150k 9 4 0.1 13.5
151k-175k 12 2 0 36
176k-200k 8 3 0.1 16
201k-225k 8 1 0 48
226k-250k 5 1 0 30
276k-300k 4 1 0 24
301k-325k 2 1 1 0.1 12
326k-350k 4 0
351k-375k 1 0
376k-400k 2 3 0.3 4
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0
501k-550k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 2 0
751k-800k 1 1 0.2 6
801k-850k 2 0
851k-900k 1 0
901k-950k 4 1 0 24
951k-1m 2 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 5 0
1.4m-1.5m 4 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0