Absorption Report

Alpharetta, Cumming, Big Creek Elementary School


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 43% 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 4 0
151k-175k 1 1 0.2 0
176k-200k 9 2 1.5 0
201k-225k 10 2 1.7 0
226k-250k 1 10 4 1.7 0.6
251k-275k 3 22 4 1.2 0.8
276k-300k 12 38 11 0.5 1.9
301k-325k 7 52 6 1.2 0.8
326k-350k 20 75 17 0.6 1.6
351k-375k 17 75 13 0.7 1.4
376k-400k 30 91 18 0.5 2
401k-425k 18 67 6 0.6 1.6
426k-450k 33 81 19 0.4 2.4
451k-475k 15 71 10 0.8 1.3
476k-500k 23 65 25 0.5 2.1
501k-550k 35 125 23 0.6 1.7
551k-600k 27 86 24 0.5 1.9
601k-650k 30 84 20 0.5 2.1
651k-700k 36 86 26 0.4 2.5
701k-750k 26 56 14 0.4 2.8
751k-800k 18 37 7 0.3 2.9
801k-850k 13 37 14 0.5 2.1
851k-900k 15 29 7 0.3 3.1
901k-950k 7 25 7 0.6 1.7
951k-1m 11 18 3 0.3 3.7
1m-1.1m 16 21 3 0.2 4.6
1.1m-1.2m 10 19 4 0.3 3.2
1.2m-1.3m 11 9 4 0.1 7.3
1.3m-1.4m 5 17 5 0.6 1.8
1.4m-1.5m 5 10 1 0.3 3
1.5m-1.6m 8 9 4 0.2 5.3
1.6m-1.7m 5 6 0.2 5
1.7m-1.8m 1 5 1 0.8 1.2
1.8m-1.9m 5 2 1 0.1 15
1.9m-2m 2 4 1 0.3 3
2m-2.25m 6 3 1 0.1 12
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 3 3 3 0.2 6
2.75m-3m 2 0
3m-3.5m 3 1 1 0.1 18
3.5m-4m 1 0.2 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0

Townhouses 38% 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 5 1 0.8 1.2
201k-225k 1 9 3 1.5 0.7
226k-250k 2 18 3 1.5 0.7
251k-275k 1 18 6 3 0.3
276k-300k 2 12 3 1 1
301k-325k 2 12 1 1 1
326k-350k 2 17 1 1.4 0.7
351k-375k 2 6 0.5 2
376k-400k 7 13 1 0.3 3.2
401k-425k 14 17 4 0.2 4.9
426k-450k 13 27 5 0.3 2.9
451k-475k 12 10 5 0.1 7.2
476k-500k 4 6 0.3 4
501k-550k 5 6 0.2 5
551k-600k 4 13 1 0.5 1.8
601k-650k 4 1 0.7 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 0.2 0
851k-900k 1 0
901k-950k 1 2 0.3 3
951k-1m 2 1 0.3 0

Condos 24% 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
126k-150k 1 0.2 0
151k-175k 2 5 2 0.4 2.4
176k-200k 3 12 1 0.7 1.5
201k-225k 9 12 2 0.2 4.5
226k-250k 15 24 3 0.3 3.8
251k-275k 8 17 0.4 2.8
276k-300k 9 21 2 0.4 2.6
301k-325k 2 7 2 0.6 1.7
326k-350k 4 9 5 0.4 2.7
351k-375k 1 6 1 1
376k-400k 3 6 1 0.3 3
401k-425k 1 2 0.3 3
426k-450k 3 7 2 0.4 2.6
451k-475k 2 0.3 0
476k-500k 1 3 0.5 2
501k-550k 1 0.2 0
551k-600k 1 0
851k-900k 2 1 0.3 0

Land 13% 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 0.2 0
26k-50k 2 1 1 0.1 12
51k-75k 3 2 0.1 9
76k-100k 3 3 0.2 6
101k-125k 2 4 0.3 3
126k-150k 2 0.3 0
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 2 1 0.1 12
226k-250k 6 4 2 0.1 9
251k-275k 4 1 0 24
276k-300k 1 3 1 0.5 2
301k-325k 1 0.2 0
326k-350k 1 3 1 0.5 2
376k-400k 1 0
426k-450k 1 1 0.2 6
476k-500k 1 0.2 0
551k-600k 1 0
651k-700k 3 0
751k-800k 2 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 2 1 1 0.1 12
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0
3.5m-4m 2 0