Absorption Report

Marietta, St Augustine Place


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 30% 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
26k-50k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
151k-175k 1 8 1 1.3 0.8
176k-200k 2 5 0.4 2.4
201k-225k 2 14 3 1.2 0.9
226k-250k 2 16 2 1.3 0.8
251k-275k 16 55 6 0.6 1.7
276k-300k 34 76 10 0.4 2.7
301k-325k 24 69 8 0.5 2.1
326k-350k 28 98 15 0.6 1.7
351k-375k 51 101 13 0.3 3
376k-400k 75 129 23 0.3 3.5
401k-425k 53 71 8 0.2 4.5
426k-450k 38 68 9 0.3 3.4
451k-475k 28 44 6 0.3 3.8
476k-500k 15 41 14 0.5 2.2
501k-550k 24 40 9 0.3 3.6
551k-600k 19 28 4 0.2 4.1
601k-650k 12 5 2 0.1 14.4
651k-700k 5 2 0.1 15
701k-750k 4 9 2 0.4 2.7
751k-800k 3 0
801k-850k 4 1 0.7 0
851k-900k 1 0
901k-950k 1 0
1.3m-1.4m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
3.5m-4m 1 0

Townhouses 14% 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
201k-225k 1 0
251k-275k 2 0
276k-300k 1 1 0.2 6
301k-325k 1 3 1 0.5 2
326k-350k 1 0

Condos NAN% 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
251k-275k 2 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 1 0.2 6
26k-50k 9 2 0 27
51k-75k 10 9 1 0.2 6.7
76k-100k 5 3 0.1 10
101k-125k 5 2 0.1 15
126k-150k 3 1 0.1 18
151k-175k 3 3 3 0.2 6
176k-200k 6 1 0 36
201k-225k 3 0
226k-250k 4 1 0 24
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0.2 0
376k-400k 1 1 0.2 6
426k-450k 2 0
451k-475k 1 0
501k-550k 1 1 0.2 6
551k-600k 4 0
701k-750k 1 0.2 0
751k-800k 1 0
801k-850k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 2 0.3 3
3m-3.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0