Absorption Report

Sutton Middle School, Atlanta, 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 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
126k-150k 1 0.2 0
176k-200k 1 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 0
301k-325k 2 0.3 0
326k-350k 3 1 0.1 18
351k-375k 2 1 0.3 0
376k-400k 5 0.8 0
401k-425k 1 2 0.3 3
426k-450k 6 3 0.1 12
451k-475k 2 5 0.4 2.4
476k-500k 4 2 0.1 12
501k-550k 2 6 1 0.5 2
551k-600k 8 9 2 0.2 5.3
601k-650k 5 16 0.5 1.9
651k-700k 9 25 1 0.5 2.2
701k-750k 9 20 1 0.4 2.7
751k-800k 2 17 3 1.4 0.7
801k-850k 9 11 2 0.2 4.9
851k-900k 5 19 3 0.6 1.6
901k-950k 1 8 1.3 0.8
951k-1m 4 10 1 0.4 2.4
1m-1.1m 8 21 1 0.4 2.3
1.1m-1.2m 4 22 4 0.9 1.1
1.2m-1.3m 6 17 1 0.5 2.1
1.3m-1.4m 7 17 2 0.4 2.5
1.4m-1.5m 5 14 0.5 2.1
1.5m-1.6m 6 10 2 0.3 3.6
1.6m-1.7m 3 13 0.7 1.4
1.7m-1.8m 6 12 1 0.3 3
1.8m-1.9m 4 5 0.2 4.8
1.9m-2m 3 9 1 0.5 2
2m-2.25m 7 11 1 0.3 3.8
2.25m-2.5m 8 14 2 0.3 3.4
2.5m-2.75m 8 8 0.2 6
2.75m-3m 6 9 3 0.3 4
3m-3.5m 12 8 1 0.1 9
3.5m-4m 12 9 1 0.1 8
4m-4.5m 6 3 1 0.1 12
4.5m-5m 6 1 1 0 36
5.01m-6m 8 5 1 0.1 9.6
6.01m-7m 2 1 0.1 12
7.01m-8m 2 0
8.01m-9m 1 1 1 0.2 6
9.01m-10m 1 0
16.01m-17m 1 0

Townhouses 16% 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 1 0
251k-275k 1 0
276k-300k 2 7 0.6 1.7
301k-325k 3 0
326k-350k 7 10 0.2 4.2
351k-375k 9 8 1 0.1 6.8
376k-400k 11 6 0.1 11
401k-425k 4 7 1 0.3 3.4
426k-450k 5 10 3 0.3 3
451k-475k 3 9 2 0.5 2
476k-500k 6 5 1 0.1 7.2
501k-550k 11 17 1 0.3 3.9
551k-600k 8 7 0.1 6.9
601k-650k 16 10 3 0.1 9.6
651k-700k 7 10 2 0.2 4.2
701k-750k 10 9 1 0.2 6.7
751k-800k 8 6 1 0.1 8
801k-850k 2 3 0.3 4
851k-900k 10 8 2 0.1 7.5
901k-950k 5 0
951k-1m 1 1 0.2 6
1m-1.1m 4 1 0 24
1.1m-1.2m 2 0.3 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 0.3 0
2m-2.25m 2 2 0.3 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
6.01m-7m 1 0

Condos 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
101k-125k 1 1 1 0.2 6
126k-150k 1 5 1 0.8 1.2
151k-175k 7 5 1 0.1 8.4
176k-200k 31 26 3 0.1 7.2
201k-225k 30 23 2 0.1 7.8
226k-250k 30 32 8 0.2 5.6
251k-275k 42 43 7 0.2 5.9
276k-300k 40 32 4 0.1 7.5
301k-325k 19 36 3 0.3 3.2
326k-350k 26 21 0.1 7.4
351k-375k 20 10 0.1 12
376k-400k 25 20 3 0.1 7.5
401k-425k 11 17 2 0.3 3.9
426k-450k 10 5 0.1 12
451k-475k 9 5 1 0.1 10.8
476k-500k 16 11 0.1 8.7
501k-550k 13 11 3 0.1 7.1
551k-600k 8 6 2 0.1 8
601k-650k 6 9 1 0.3 4
651k-700k 4 7 1 0.3 3.4
701k-750k 7 6 0.1 7
751k-800k 4 4 0.2 6
801k-850k 1 2 0.3 3
851k-900k 4 2 0.1 12
901k-950k 2 2 0.2 6
951k-1m 2 2 0.2 6
1m-1.1m 5 2 1 0.1 15
1.1m-1.2m 8 0
1.2m-1.3m 3 6 1 0.3 3
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 5 2 1 0.1 15
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 3 0
1.7m-1.8m 5 1 0 30
1.9m-2m 1 1 0.2 6
2m-2.25m 3 1 0.1 18
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 3 0.3 4
3m-3.5m 3 3 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
4.5m-5m 4 0
5.01m-6m 2 0
9.01m-10m 1 0
11.01m-12m 1 0

Land 9% 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 1 0.2 0
176k-200k 1 0
226k-250k 1 0
276k-300k 1 0
326k-350k 1 0.2 0
376k-400k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 1 0.2 6
651k-700k 1 0
701k-750k 4 0
751k-800k 5 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 1 0.2 6
1.9m-2m 1 0
3m-3.5m 2 1 0.1 12
3.5m-4m 2 0
6.01m-7m 1 0