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 24% 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 1 0.2 0
126k-150k 3 0.5 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 2 0.3 3
251k-275k 3 8 0.4 2.3
276k-300k 7 12 0.3 3.5
301k-325k 7 14 4 0.3 3
326k-350k 7 21 3 0.5 2
351k-375k 10 34 2 0.6 1.8
376k-400k 11 31 5 0.5 2.1
401k-425k 17 42 10 0.4 2.4
426k-450k 21 54 4 0.4 2.3
451k-475k 17 48 8 0.5 2.1
476k-500k 21 38 4 0.3 3.3
501k-550k 43 78 13 0.3 3.3
551k-600k 28 55 7 0.3 3.1
601k-650k 36 66 9 0.3 3.3
651k-700k 37 59 7 0.3 3.8
701k-750k 17 44 3 0.4 2.3
751k-800k 21 30 3 0.2 4.2
801k-850k 16 19 0.2 5.1
851k-900k 12 12 0.2 6
901k-950k 2 9 0.8 1.3
951k-1m 9 7 0.1 7.7
1m-1.1m 7 5 1 0.1 8.4
1.1m-1.2m 4 7 1 0.3 3.4
1.2m-1.3m 6 4 1 0.1 9
1.3m-1.4m 4 6 2 0.3 4
1.4m-1.5m 2 6 2 0.5 2
1.5m-1.6m 5 4 0.1 7.5
1.6m-1.7m 4 3 2 0.1 8
1.7m-1.8m 4 0.7 0
1.8m-1.9m 2 0
1.9m-2m 2 0
2m-2.25m 3 1 0.1 18
2.25m-2.5m 7 3 2 0.1 14
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0

Townhouses 18% 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 3 1 0.5 0
276k-300k 1 1 1 0.2 6
301k-325k 2 5 0.4 2.4
326k-350k 4 9 1 0.4 2.7
351k-375k 2 10 1 0.8 1.2
376k-400k 2 1 0.3 0
401k-425k 2 2 0.2 6
426k-450k 7 3 0.1 14
451k-475k 6 0
476k-500k 1 3 1 0.5 2
501k-550k 1 4 0.7 1.5
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 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
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 2 0.3 0
376k-400k 1 0
401k-425k 1 1 0.2 6

Land 8% 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 5 1 0 30
51k-75k 3 1 1 0.1 18
76k-100k 4 3 0.1 8
101k-125k 3 1 0.1 18
126k-150k 6 3 0.1 12
151k-175k 5 2 0.1 15
176k-200k 1 3 1 0.5 2
201k-225k 7 2 0 21
226k-250k 6 3 1 0.1 12
251k-275k 2 2 1 0.2 6
276k-300k 7 1 1 0 42
301k-325k 2 1 0.1 12
326k-350k 5 0
351k-375k 3 0
376k-400k 1 1 0.2 6
426k-450k 3 1 1 0.1 18
451k-475k 2 0
476k-500k 3 0
501k-550k 3 0
551k-600k 3 0
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
1.2m-1.3m 2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 2 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