Absorption Report

Gainesville, Royal Oaks

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 34% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
76k-100k 2 0.3 0
101k-125k 4 2 0.7 0
126k-150k 2 3 0.3 4
151k-175k 6 2 1 0
176k-200k 1 10 1 1.7 0.6
201k-225k 2 9 1 0.8 1.3
226k-250k 8 17 3 0.4 2.8
251k-275k 1 27 7 4.5 0.2
276k-300k 9 40 14 0.7 1.4
301k-325k 10 31 5 0.5 1.9
326k-350k 15 47 6 0.5 1.9
351k-375k 6 44 9 1.2 0.8
376k-400k 21 58 7 0.5 2.2
401k-425k 8 27 3 0.6 1.8
426k-450k 14 43 10 0.5 2
451k-475k 9 16 3 0.3 3.4
476k-500k 18 31 3 0.3 3.5
501k-550k 18 35 6 0.3 3.1
551k-600k 19 26 3 0.2 4.4
601k-650k 13 28 8 0.4 2.8
651k-700k 20 16 3 0.1 7.5
701k-750k 17 10 2 0.1 10.2
751k-800k 13 17 1 0.2 4.6
801k-850k 8 6 0.1 8
851k-900k 7 10 3 0.2 4.2
901k-950k 9 9 0.2 6
951k-1m 8 3 2 0.1 16
1m-1.1m 6 8 2 0.2 4.5
1.1m-1.2m 12 10 4 0.1 7.2
1.2m-1.3m 8 11 4 0.2 4.4
1.3m-1.4m 7 5 1 0.1 8.4
1.4m-1.5m 4 4 0.2 6
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 3 0.5 2
2m-2.25m 5 1 1 0 30
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 4 0
2.75m-3m 2 1 0.1 12
3m-3.5m 4 0
5.01m-6m 2 0

Townhouses 47% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
251k-275k 3 2 0.5 0
276k-300k 3 2 0.1 9
301k-325k 1 5 1 0.8 1.2
326k-350k 6 4 3 0.1 9
351k-375k 2 0.3 0
376k-400k 1 1 1 0.2 6
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 2 3 0.3 4
501k-550k 2 2 1 0.2 6

Condos 33% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.3 0
226k-250k 1 0
251k-275k 1 2 0.3 3
276k-300k 1 0
301k-325k 1 0
326k-350k 1 1 0.2 0

Land 17% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 4 0.3 3
26k-50k 11 13 5 0.2 5.1
51k-75k 7 7 1 0.2 6
76k-100k 15 10 2 0.1 9
101k-125k 13 1 0 78
126k-150k 6 8 3 0.2 4.5
151k-175k 4 3 0.1 8
176k-200k 5 5 0.2 6
201k-225k 11 5 1 0.1 13.2
226k-250k 4 1 0 24
251k-275k 1 1 0.2 6
276k-300k 4 3 0.1 8
301k-325k 1 1 0.2 6
326k-350k 2 5 2 0.4 2.4
351k-375k 3 0
376k-400k 6 1 1 0 36
401k-425k 2 1 1 0.1 12
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 7 1 0 42
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 3 1 1 0.1 18
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 0
1.6m-1.7m 1 0.2 0
3m-3.5m 1 0
5.01m-6m 1 0
9.01m-10m 1 0.2 0