Absorption Report

Atlanta, Cornerstone Village


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 35% 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
151k-175k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 2 1 0.3 0
251k-275k 2 5 2 0.4 2.4
276k-300k 1 6 1 1 1
301k-325k 2 20 4 1.7 0.6
326k-350k 6 41 7 1.1 0.9
351k-375k 9 41 6 0.8 1.3
376k-400k 13 66 13 0.8 1.2
401k-425k 18 49 9 0.5 2.2
426k-450k 20 60 10 0.5 2
451k-475k 14 38 4 0.5 2.2
476k-500k 14 49 11 0.6 1.7
501k-550k 23 71 11 0.5 1.9
551k-600k 31 57 10 0.3 3.3
601k-650k 19 36 6 0.3 3.2
651k-700k 17 42 6 0.4 2.4
701k-750k 10 21 4 0.4 2.9
751k-800k 9 22 4 0.4 2.5
801k-850k 4 19 5 0.8 1.3
851k-900k 5 16 3 0.5 1.9
901k-950k 6 9 1 0.3 4
951k-1m 8 5 1 0.1 9.6
1m-1.1m 9 9 2 0.2 6
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 4 1 0 24
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 4 3 0.1 8
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 49% 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 6 1 0
276k-300k 1 6 1 1
301k-325k 1 10 1 1.7 0.6
326k-350k 2 13 2 1.1 0.9
351k-375k 5 12 1 0.4 2.5
376k-400k 3 10 3 0.6 1.8
401k-425k 17 3 2.8 0
426k-450k 2 11 2 0.9 1.1
451k-475k 6 6 2 0.2 6
476k-500k 3 11 4 0.6 1.6
501k-550k 5 13 4 0.4 2.3
551k-600k 6 9 2 0.3 4
601k-650k 2 1 0.1 12
651k-700k 1 4 0.7 1.5
701k-750k 1 4 0.7 1.5
751k-800k 1 4 0.7 1.5
801k-850k 2 1 0.3 0
851k-900k 1 0
951k-1m 3 0.5 0
1m-1.1m 1 0.2 0

Condos 40% 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
276k-300k 1 0.2 0
301k-325k 3 0.5 0
326k-350k 1 1 1 0.2 6
376k-400k 1 1 1 0.2 6
401k-425k 1 1 0.2 6
426k-450k 1 3 0.5 2
451k-475k 2 0.3 0
476k-500k 4 0.7 0
501k-550k 2 0.3 0
551k-600k 1 0.2 0
751k-800k 1 0
851k-900k 1 0

Land 19% 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
51k-75k 1 0.2 0
76k-100k 2 1 0.1 12
176k-200k 2 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 2 2 1 0.2 6
276k-300k 2 1 0.3 0
326k-350k 1 0.2 0
376k-400k 1 3 1 0.5 2
476k-500k 2 1 0.1 12
501k-550k 1 0
601k-650k 1 1 0.2 6
651k-700k 3 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
951k-1m 2 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0