Absorption Report: David T Howard Middle School, Atlanta, GA | Homes by Marco

Absorption Report


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 25% 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
101k-125k 1 1 0.2 6
176k-200k 2 0.3 0
201k-225k 1 0
276k-300k 1 0.2 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0.2 0
426k-450k 1 0.2 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 1 5 2 0.8 1.2
601k-650k 1 8 1 1.3 0.8
651k-700k 2 5 1 0.4 2.4
701k-750k 1 9 1.5 0.7
751k-800k 1 13 4 2.2 0.5
801k-850k 4 12 1 0.5 2
851k-900k 6 10 1 0.3 3.6
901k-950k 6 6 0.2 6
951k-1m 3 5 0.3 3.6
1m-1.1m 6 10 0.3 3.6
1.1m-1.2m 4 12 3 0.5 2
1.2m-1.3m 4 15 1 0.6 1.6
1.3m-1.4m 3 7 1 0.4 2.6
1.4m-1.5m 5 14 2 0.5 2.1
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 2 5 0.4 2.4
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 4 0
2m-2.25m 3 9 1 0.5 2
2.25m-2.5m 2 5 1 0.4 2.4
2.5m-2.75m 6 1 0 36
2.75m-3m 2 3 0.3 4
3m-3.5m 4 2 0.1 12
3.5m-4m 7 1 0 42
4m-4.5m 1 0
4.5m-5m 1 0.2 0
5.01m-6m 1 0.2 0
8.01m-9m 1 0.2 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
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 0.2 0
351k-375k 1 0.2 0
376k-400k 6 0
401k-425k 1 3 0.5 2
426k-450k 4 0.7 0
451k-475k 1 3 0.5 2
476k-500k 1 2 0.3 3
501k-550k 1 3 2 0.5 2
551k-600k 7 4 0.1 10.5
601k-650k 6 10 0.3 3.6
651k-700k 1 7 2 1.2 0.9
701k-750k 5 5 0.2 6
751k-800k 8 4 0.1 12
801k-850k 1 1 0.2 6
851k-900k 5 2 0.1 15
901k-950k 2 1 0.1 12
951k-1m 1 1 0.2 6
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 6 5 0.1 7.2
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 0.2 0

Condos 13% 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
101k-125k 2 0
126k-150k 3 7 3 0.4 2.6
151k-175k 10 14 2 0.2 4.3
176k-200k 15 15 3 0.2 6
201k-225k 31 24 3 0.1 7.8
226k-250k 26 37 2 0.2 4.2
251k-275k 30 33 2 0.2 5.5
276k-300k 47 28 3 0.1 10.1
301k-325k 23 31 8 0.2 4.5
326k-350k 21 32 2 0.3 3.9
351k-375k 26 28 6 0.2 5.6
376k-400k 23 32 3 0.2 4.3
401k-425k 13 18 1 0.2 4.3
426k-450k 13 8 1 0.1 9.8
451k-475k 11 12 0.2 5.5
476k-500k 10 18 3 0.3 3.3
501k-550k 12 13 2 0.2 5.5
551k-600k 15 11 0.1 8.2
601k-650k 13 13 2 0.2 6
651k-700k 10 10 1 0.2 6
701k-750k 4 3 1 0.1 8
751k-800k 8 3 0.1 16
801k-850k 7 6 1 0.1 7
851k-900k 4 5 2 0.2 4.8
951k-1m 2 0
1m-1.1m 4 1 0 24
1.1m-1.2m 3 0
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 2 2 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 3 0
1.9m-2m 4 0
2m-2.25m 2 0
2.25m-2.5m 1 0
4m-4.5m 1 0

Land 33% 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
26k-50k 1 0
226k-250k 1 0.2 0
326k-350k 1 0
651k-700k 1 0
801k-850k 1 0.2 0
851k-900k 1 1 1 0.2 6
901k-950k 1 1 0.2 6
951k-1m 1 0
1.1m-1.2m 1 1 0.2 0