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 23% 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
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 6 0.3 3
276k-300k 7 12 0.3 3.5
301k-325k 8 14 3 0.3 3.4
326k-350k 6 19 2 0.5 1.9
351k-375k 11 32 2 0.5 2.1
376k-400k 13 29 5 0.4 2.7
401k-425k 20 41 8 0.3 2.9
426k-450k 20 53 4 0.4 2.3
451k-475k 17 45 8 0.4 2.3
476k-500k 22 36 4 0.3 3.7
501k-550k 42 77 11 0.3 3.3
551k-600k 30 52 7 0.3 3.5
601k-650k 34 65 9 0.3 3.1
651k-700k 34 58 7 0.3 3.5
701k-750k 17 44 4 0.4 2.3
751k-800k 19 30 3 0.3 3.8
801k-850k 18 17 0.2 6.4
851k-900k 10 12 0.2 5
901k-950k 1 8 1.3 0.8
951k-1m 7 9 2 0.2 4.7
1m-1.1m 6 5 2 0.1 7.2
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 3 6 2 0.3 3
1.4m-1.5m 3 6 2 0.3 3
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 1 4 3 0.7 1.5
1.7m-1.8m 4 0.7 0
1.8m-1.9m 1 0
1.9m-2m 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 1 0

Townhouses 17% 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 5 0
476k-500k 1 3 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 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
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 3 1 0.1 14
226k-250k 5 3 1 0.1 10
251k-275k 2 4 3 0.3 3
276k-300k 6 3 3 0.1 12
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 0
451k-475k 2 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
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
1.1m-1.2m 1 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