Absorption Report

Lithia Springs

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 2 1 1 0.1 12
51k-75k 1 0
101k-125k 2 1 0.1 12
126k-150k 1 1 0.2 6
176k-200k 5 0.8 0
201k-225k 1 10 2 1.7 0.6
226k-250k 3 25 2 1.4 0.7
251k-275k 3 64 8 3.6 0.3
276k-300k 22 96 16 0.7 1.4
301k-325k 22 177 27 1.3 0.7
326k-350k 61 333 69 0.9 1.1
351k-375k 89 331 47 0.6 1.6
376k-400k 128 437 111 0.6 1.8
401k-425k 118 325 59 0.5 2.2
426k-450k 136 383 82 0.5 2.1
451k-475k 98 262 43 0.4 2.2
476k-500k 107 270 48 0.4 2.4
501k-550k 181 406 95 0.4 2.7
551k-600k 118 308 72 0.4 2.3
601k-650k 93 192 33 0.3 2.9
651k-700k 57 156 39 0.5 2.2
701k-750k 38 85 26 0.4 2.7
751k-800k 39 62 19 0.3 3.8
801k-850k 30 60 13 0.3 3
851k-900k 15 43 13 0.5 2.1
901k-950k 15 16 3 0.2 5.6
951k-1m 19 25 7 0.2 4.6
1m-1.1m 4 16 2 0.7 1.5
1.1m-1.2m 26 22 2 0.1 7.1
1.2m-1.3m 19 16 5 0.1 7.1
1.3m-1.4m 9 11 1 0.2 4.9
1.4m-1.5m 18 10 2 0.1 10.8
1.5m-1.6m 5 4 1 0.1 7.5
1.6m-1.7m 6 5 1 0.1 7.2
1.7m-1.8m 5 6 1 0.2 5
1.8m-1.9m 11 3 0 22
1.9m-2m 9 7 1 0.1 7.7
2m-2.25m 10 2 1 0 30
2.25m-2.5m 5 5 2 0.2 6
2.5m-2.75m 3 1 0.1 18
2.75m-3m 11 5 1 0.1 13.2
3m-3.5m 7 1 0 42
3.5m-4m 6 0
4m-4.5m 4 0
4.5m-5m 2 0
5.01m-6m 1 1 1 0.2 6
9.01m-10m 1 0