Absorption Report

Cumming, Victoria Rose

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 22% 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 24 0
26k-50k 2 3 0.3 4
51k-75k 2 6 0.5 2
76k-100k 2 8 0.7 1.5
101k-125k 6 28 2 0.8 1.3
126k-150k 19 50 8 0.4 2.3
151k-175k 26 67 9 0.4 2.3
176k-200k 64 98 20 0.3 3.9
201k-225k 57 89 22 0.3 3.8
226k-250k 96 103 21 0.2 5.6
251k-275k 111 131 18 0.2 5.1
276k-300k 147 145 34 0.2 6.1
301k-325k 95 92 11 0.2 6.2
326k-350k 132 133 31 0.2 6
351k-375k 83 118 16 0.2 4.2
376k-400k 93 97 20 0.2 5.8
401k-425k 59 91 7 0.3 3.9
426k-450k 74 92 19 0.2 4.8
451k-475k 57 83 10 0.2 4.1
476k-500k 69 78 18 0.2 5.3
501k-550k 89 140 16 0.3 3.8
551k-600k 117 128 22 0.2 5.5
601k-650k 77 101 17 0.2 4.6
651k-700k 61 126 25 0.3 2.9
701k-750k 56 109 13 0.3 3.1
751k-800k 46 83 11 0.3 3.3
801k-850k 35 58 8 0.3 3.6
851k-900k 53 66 13 0.2 4.8
901k-950k 35 69 10 0.3 3
951k-1m 22 46 6 0.3 2.9
1m-1.1m 35 58 5 0.3 3.6
1.1m-1.2m 46 72 9 0.3 3.8
1.2m-1.3m 48 56 11 0.2 5.1
1.3m-1.4m 32 44 7 0.2 4.4
1.4m-1.5m 17 46 4 0.5 2.2
1.5m-1.6m 22 35 6 0.3 3.8
1.6m-1.7m 11 26 3 0.4 2.5
1.7m-1.8m 12 25 2 0.3 2.9
1.8m-1.9m 16 20 1 0.2 4.8
1.9m-2m 11 15 3 0.2 4.4
2m-2.25m 22 27 4 0.2 4.9
2.25m-2.5m 29 35 3 0.2 5
2.5m-2.75m 22 21 1 0.2 6.3
2.75m-3m 24 17 3 0.1 8.5
3m-3.5m 33 14 1 0.1 14.1
3.5m-4m 23 16 4 0.1 8.6
4m-4.5m 17 4 1 0 25.5
4.5m-5m 12 7 1 0.1 10.3
5.01m-6m 16 2 0 48
6.01m-7m 11 4 1 0.1 16.5
7.01m-8m 4 4 1 0.2 6
8.01m-9m 2 0
9.01m-10m 1 2 0.3 3
10.01m-11m 1 0
12.01m-13m 1 1 0.2 6
34.01m-35m 1 0.2 0
37.01m-38m 1 0

Townhouses 25% 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
26k-50k 1 0.2 0
51k-75k 1 0
101k-125k 2 3 0.3 4
126k-150k 5 2 0.1 15
151k-175k 4 4 2 0.2 6
176k-200k 9 9 2 0.2 6
201k-225k 10 22 7 0.4 2.7
226k-250k 24 34 6 0.2 4.2
251k-275k 23 17 2 0.1 8.1
276k-300k 22 36 7 0.3 3.7
301k-325k 18 32 1 0.3 3.4
326k-350k 26 38 2 0.2 4.1
351k-375k 16 43 3 0.4 2.2
376k-400k 28 35 7 0.2 4.8
401k-425k 23 42 5 0.3 3.3
426k-450k 27 43 8 0.3 3.8
451k-475k 25 56 12 0.4 2.7
476k-500k 22 47 10 0.4 2.8
501k-550k 49 84 9 0.3 3.5
551k-600k 42 77 12 0.3 3.3
601k-650k 37 57 12 0.3 3.9
651k-700k 32 45 4 0.2 4.3
701k-750k 25 38 7 0.3 3.9
751k-800k 27 25 1 0.2 6.5
801k-850k 16 16 3 0.2 6
851k-900k 18 13 2 0.1 8.3
901k-950k 5 10 0.3 3
951k-1m 9 3 1 0.1 18
1m-1.1m 8 9 2 0.2 5.3
1.1m-1.2m 6 7 0.2 5.1
1.2m-1.3m 10 11 0.2 5.5
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 6 3 0.1 12
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 1 1 0.1 12
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 1 1 0.2 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 1 0.2 0
4m-4.5m 1 0

Condos 18% 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 8 0
26k-50k 2 3 1 0.3 4
51k-75k 2 3 1 0.3 4
76k-100k 3 2 1 0.1 9
101k-125k 1 5 0.8 1.2
126k-150k 18 23 4 0.2 4.7
151k-175k 21 37 7 0.3 3.4
176k-200k 52 65 15 0.2 4.8
201k-225k 78 92 10 0.2 5.1
226k-250k 109 111 23 0.2 5.9
251k-275k 100 98 14 0.2 6.1
276k-300k 101 140 31 0.2 4.3
301k-325k 94 117 21 0.2 4.8
326k-350k 75 117 24 0.3 3.8
351k-375k 49 74 8 0.3 4
376k-400k 56 69 14 0.2 4.9
401k-425k 38 56 7 0.2 4.1
426k-450k 40 53 7 0.2 4.5
451k-475k 26 36 4 0.2 4.3
476k-500k 34 42 5 0.2 4.9
501k-550k 55 46 7 0.1 7.2
551k-600k 38 35 4 0.2 6.5
601k-650k 20 24 6 0.2 5
651k-700k 22 21 5 0.2 6.3
701k-750k 20 20 2 0.2 6
751k-800k 11 11 1 0.2 6
801k-850k 11 12 3 0.2 5.5
851k-900k 10 8 3 0.1 7.5
901k-950k 5 5 1 0.2 6
951k-1m 6 4 1 0.1 9
1m-1.1m 8 11 0.2 4.4
1.1m-1.2m 8 5 0.1 9.6
1.2m-1.3m 9 4 0.1 13.5
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 7 1 1 0 42
1.5m-1.6m 3 4 1 0.2 4.5
1.6m-1.7m 2 3 1 0.3 4
1.7m-1.8m 4 1 0 24
1.8m-1.9m 2 0
1.9m-2m 4 1 0 24
2m-2.25m 5 4 0.1 7.5
2.25m-2.5m 7 2 1 0 21
2.5m-2.75m 3 0
2.75m-3m 2 2 0.2 6
3m-3.5m 1 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 5 0
5.01m-6m 1 0
10.01m-11m 1 0
13.01m-14m 1 0

Land 17% 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 3 2 0.1 9
26k-50k 32 22 8 0.1 8.7
51k-75k 65 39 7 0.1 10
76k-100k 38 19 4 0.1 12
101k-125k 48 16 1 0.1 18
126k-150k 38 4 1 0 57
151k-175k 14 5 0.1 16.8
176k-200k 10 3 1 0.1 20
201k-225k 5 2 1 0.1 15
226k-250k 7 6 3 0.1 7
251k-275k 5 1 0 30
276k-300k 12 3 0 24
301k-325k 3 1 0.1 18
326k-350k 2 5 2 0.4 2.4
351k-375k 2 2 1 0.2 6
376k-400k 2 1 1 0.1 12
401k-425k 1 1 0.2 6
426k-450k 2 0
476k-500k 5 2 0.1 15
501k-550k 1 2 0.3 3
551k-600k 4 0
601k-650k 3 1 0.1 18
651k-700k 2 1 0.1 12
701k-750k 11 3 2 0 22
751k-800k 6 1 1 0 36
801k-850k 6 3 0.1 12
851k-900k 6 0
951k-1m 5 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 2 0
1.3m-1.4m 3 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
3.5m-4m 3 0
5.01m-6m 4 0
6.01m-7m 1 0
14.01m-15m 1 1 0.2 0