Absorption Report

Buford, Adams

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
1k-25k 12 0
51k-75k 1 0
76k-100k 1 4 1 0.7 1.5
101k-125k 2 4 2 0.3 3
126k-150k 4 11 1 0.5 2.2
151k-175k 7 23 4 0.5 1.8
176k-200k 12 28 4 0.4 2.6
201k-225k 19 33 7 0.3 3.5
226k-250k 36 48 13 0.2 4.5
251k-275k 58 77 14 0.2 4.5
276k-300k 58 84 9 0.2 4.1
301k-325k 50 74 15 0.2 4.1
326k-350k 64 107 15 0.3 3.6
351k-375k 50 65 13 0.2 4.6
376k-400k 54 89 15 0.3 3.6
401k-425k 22 59 11 0.4 2.2
426k-450k 36 41 8 0.2 5.3
451k-475k 22 52 8 0.4 2.5
476k-500k 32 53 10 0.3 3.6
501k-550k 45 110 18 0.4 2.5
551k-600k 37 115 31 0.5 1.9
601k-650k 23 119 21 0.9 1.2
651k-700k 34 113 17 0.6 1.8
701k-750k 38 113 23 0.5 2
751k-800k 39 100 18 0.4 2.3
801k-850k 28 83 16 0.5 2
851k-900k 31 83 17 0.4 2.2
901k-950k 28 66 13 0.4 2.5
951k-1m 19 68 10 0.6 1.7
1m-1.1m 20 76 10 0.6 1.6
1.1m-1.2m 36 77 14 0.4 2.8
1.2m-1.3m 26 65 13 0.4 2.4
1.3m-1.4m 34 50 15 0.2 4.1
1.4m-1.5m 22 34 10 0.3 3.9
1.5m-1.6m 17 20 5 0.2 5.1
1.6m-1.7m 18 21 4 0.2 5.1
1.7m-1.8m 20 23 1 0.2 5.2
1.8m-1.9m 5 15 2 0.5 2
1.9m-2m 13 11 4 0.1 7.1
2m-2.25m 23 18 2 0.1 7.7
2.25m-2.5m 28 22 6 0.1 7.6
2.5m-2.75m 20 16 3 0.1 7.5
2.75m-3m 22 11 2 0.1 12
3m-3.5m 33 17 2 0.1 11.6
3.5m-4m 15 13 4 0.1 6.9
4m-4.5m 11 2 1 0 33
4.5m-5m 8 0
5.01m-6m 3 1 0.1 18
6.01m-7m 9 0
7.01m-8m 4 2 0.1 12
8.01m-9m 1 1 0.2 6
10.01m-11m 1 0
11.01m-12m 1 0
14.01m-15m 1 0
46.01m-47m 1 0