Absorption Report

Canton, 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 26% 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
51k-75k 1 0.2 0
101k-125k 1 0
126k-150k 2 0.3 0
151k-175k 1 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 4 2 0.7 0
251k-275k 3 7 0.4 2.6
276k-300k 6 10 0.3 3.6
301k-325k 7 15 2 0.4 2.8
326k-350k 8 16 1 0.3 3
351k-375k 4 31 3 1.3 0.8
376k-400k 14 26 4 0.3 3.2
401k-425k 19 38 2 0.3 3
426k-450k 19 51 6 0.4 2.2
451k-475k 15 47 10 0.5 1.9
476k-500k 21 29 2 0.2 4.3
501k-550k 35 82 15 0.4 2.6
551k-600k 32 45 2 0.2 4.3
601k-650k 36 57 7 0.3 3.8
651k-700k 24 55 11 0.4 2.6
701k-750k 15 42 5 0.5 2.1
751k-800k 16 29 5 0.3 3.3
801k-850k 16 16 2 0.2 6
851k-900k 10 10 1 0.2 6
901k-950k 1 8 1.3 0.8
951k-1m 8 8 2 0.2 6
1m-1.1m 6 5 2 0.1 7.2
1.1m-1.2m 4 8 2 0.3 3
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 4 5 0.2 4.8
1.4m-1.5m 3 4 0.2 4.5
1.5m-1.6m 4 3 1 0.1 8
1.6m-1.7m 3 4 2 0.2 4.5
1.7m-1.8m 2 3 0.3 4
1.8m-1.9m 1 0
1.9m-2m 2 1 0.1 12
2m-2.25m 4 1 0 24
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 2 0

Townhouses 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
226k-250k 2 0.3 0
251k-275k 2 0.3 0
276k-300k 1 1 0.2 6
301k-325k 3 4 0.2 4.5
326k-350k 4 8 0.3 3
351k-375k 2 10 0.8 1.2
376k-400k 2 1 0.3 0
401k-425k 2 1 0.1 12
426k-450k 7 3 0.1 14
451k-475k 5 0
476k-500k 1 3 0.5 2
501k-550k 3 1 0.5 0
551k-600k 3 0
601k-650k 4 1 0 24
651k-700k 7 0
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0

Condos 75% 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
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 0
376k-400k 1 1 0.2 0
401k-425k 2 1 0.3 0

Land 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
1k-25k 1 0.2 0
26k-50k 2 1 0.1 12
51k-75k 2 1 0.1 12
76k-100k 4 3 0.1 8
101k-125k 2 3 2 0.3 4
126k-150k 5 3 0.1 10
151k-175k 5 2 0.1 15
176k-200k 1 3 0.5 2
201k-225k 7 2 0 21
226k-250k 8 2 0 24
251k-275k 4 4 2 0.2 6
276k-300k 6 2 1 0.1 18
301k-325k 2 1 0.1 12
326k-350k 5 1 0 30
351k-375k 3 0
376k-400k 1 1 0.2 6
426k-450k 3 1 1 0.1 18
451k-475k 1 1 1 0.2 6
476k-500k 1 2 2 0.3 3
501k-550k 2 0
551k-600k 2 1 1 0.1 12
601k-650k 2 0
651k-700k 4 0
701k-750k 2 0
751k-800k 3 0
851k-900k 1 0
951k-1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 2 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
6.01m-7m 1 0