Absorption Report

Lilburn, Georgetown


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 40% 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 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 2 2 0.2 6
226k-250k 4 0.7 0
251k-275k 3 6 0.3 3
276k-300k 2 10 3 0.8 1.2
301k-325k 2 12 2 1 1
326k-350k 3 14 8 0.8 1.3
351k-375k 1 22 4 3.7 0.3
376k-400k 8 23 2 0.5 2.1
401k-425k 8 31 5 0.6 1.5
426k-450k 13 41 10 0.5 1.9
451k-475k 7 44 8 1 1
476k-500k 11 48 7 0.7 1.4
501k-550k 36 110 26 0.5 2
551k-600k 30 105 17 0.6 1.7
601k-650k 36 85 17 0.4 2.5
651k-700k 36 99 21 0.5 2.2
701k-750k 35 79 14 0.4 2.7
751k-800k 37 73 12 0.3 3
801k-850k 28 46 12 0.3 3.7
851k-900k 27 49 11 0.3 3.3
901k-950k 19 26 5 0.2 4.4
951k-1m 16 27 4 0.3 3.6
1m-1.1m 7 15 3 0.4 2.8
1.1m-1.2m 10 10 0.2 6
1.2m-1.3m 7 21 5 0.5 2
1.3m-1.4m 6 11 1 0.3 3.3
1.4m-1.5m 6 7 1 0.2 5.1
1.5m-1.6m 1 7 1 1.2 0.9
1.6m-1.7m 11 4 0.1 16.5
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 5 1 0 30
1.9m-2m 4 1 0 24
2m-2.25m 2 4 1 0.3 3
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 2 0
2.75m-3m 2 0
3m-3.5m 2 1 0.1 12
3.5m-4m 2 3 2 0.3 4
5.01m-6m 1 0
7.01m-8m 1 0

Townhouses 46% 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
276k-300k 1 5 1 0.8 1.2
301k-325k 3 0.5 0
326k-350k 3 5 1 0.3 3.6
351k-375k 5 2 0.8 0
376k-400k 2 6 0.5 2
401k-425k 2 9 2 0.8 1.3
426k-450k 4 1 0.7 0
451k-475k 9 1.5 0
476k-500k 5 15 3 0.5 2
501k-550k 8 19 4 0.4 2.5
551k-600k 1 6 1 1 1
601k-650k 3 6 1 0.3 3
651k-700k 2 1 0.3 0
701k-750k 2 0.3 0
751k-800k 1 0
801k-850k 1 0

Condos 41% 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
226k-250k 1 0.2 0
301k-325k 1 2 0.3 3
326k-350k 3 1 0.5 0
351k-375k 1 0.2 0
376k-400k 1 2 1 0.3 3
401k-425k 1 3 0.5 2
426k-450k 1 3 0.5 2
451k-475k 2 6 2 0.5 2
476k-500k 3 5 1 0.3 3.6
501k-550k 3 11 1 0.6 1.6
551k-600k 4 7 2 0.3 3.4
601k-650k 1 0

Land 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 1 0.2 0
26k-50k 1 1 0.2 6
51k-75k 4 4 1 0.2 6
76k-100k 1 0
101k-125k 1 2 0.3 3
126k-150k 4 1 0 24
151k-175k 1 3 1 0.5 2
176k-200k 4 3 1 0.1 8
201k-225k 2 0
226k-250k 3 1 0.1 18
251k-275k 1 3 1 0.5 2
276k-300k 4 1 0 24
301k-325k 2 1 0.3 0
326k-350k 1 3 1 0.5 2
351k-375k 1 0
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 2 1 0.3 0
451k-475k 1 0.2 0
476k-500k 3 1 0.1 18
501k-550k 3 2 0.5 0
551k-600k 1 0.2 0
601k-650k 3 1 0.1 18
651k-700k 4 1 0 24
701k-750k 3 0
751k-800k 1 2 1 0.3 3
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 1 0.2 0
5.01m-6m 1 1 0.2 6