Absorption Report

Clermont, Gainesville, Lula, Condo, Wauka Mountain Elementary School

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 37% 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
26k-50k 1 0
76k-100k 1 1 0.2 0
151k-175k 1 6 2 1 1
176k-200k 1 8 1 1.3 0.8
201k-225k 3 13 4 0.7 1.4
226k-250k 2 17 3 1.4 0.7
251k-275k 10 61 9 1 1
276k-300k 27 78 20 0.5 2.1
301k-325k 18 63 6 0.6 1.7
326k-350k 28 97 17 0.6 1.7
351k-375k 42 99 19 0.4 2.5
376k-400k 69 120 20 0.3 3.5
401k-425k 46 63 10 0.2 4.4
426k-450k 34 68 15 0.3 3
451k-475k 25 37 7 0.2 4.1
476k-500k 21 34 2 0.3 3.7
501k-550k 25 35 10 0.2 4.3
551k-600k 16 26 4 0.3 3.7
601k-650k 9 5 0.1 10.8
651k-700k 2 5 3 0.4 2.4
701k-750k 5 7 1 0.2 4.3
751k-800k 3 1 0.1 18
801k-850k 3 1 0.5 0
851k-900k 1 0
1.3m-1.4m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0

Townhouses 0% 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
201k-225k 1 1 0.2 6
251k-275k 2 0
276k-300k 1 1 0.2 6
301k-325k 2 2 0.2 6
326k-350k 1 0

Condos 100% 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 2 1 0.3 0

Land 16% 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 1 0.2 0
26k-50k 11 5 0.1 13.2
51k-75k 10 10 3 0.2 6
76k-100k 3 3 2 0.2 6
101k-125k 3 4 2 0.2 4.5
126k-150k 2 1 0.1 12
151k-175k 6 0
176k-200k 6 1 1 0 36
201k-225k 3 0
226k-250k 4 1 0 24
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 2 0
326k-350k 1 0.2 0
376k-400k 2 1 0.3 0
426k-450k 2 0
451k-475k 1 0
501k-550k 1 1 0.2 6
551k-600k 3 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 2 0
851k-900k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 2 1 0.3 3
3m-3.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0