Absorption Report

Marietta, Wynford Chace


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
51k-75k 1 0
126k-150k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 3 0.5 0
226k-250k 2 0.3 0
251k-275k 2 3 0.3 4
276k-300k 4 11 1 0.5 2.2
301k-325k 3 13 0.7 1.4
326k-350k 8 21 7 0.4 2.3
351k-375k 6 36 8 1 1
376k-400k 13 40 7 0.5 2
401k-425k 13 49 5 0.6 1.6
426k-450k 10 55 11 0.9 1.1
451k-475k 8 51 14 1.1 0.9
476k-500k 12 57 11 0.8 1.3
501k-550k 19 88 15 0.8 1.3
551k-600k 30 81 15 0.5 2.2
601k-650k 33 71 13 0.4 2.8
651k-700k 26 77 14 0.5 2
701k-750k 24 55 5 0.4 2.6
751k-800k 28 39 9 0.2 4.3
801k-850k 13 23 3 0.3 3.4
851k-900k 12 19 4 0.3 3.8
901k-950k 6 8 3 0.2 4.5
951k-1m 12 14 3 0.2 5.1
1m-1.1m 4 12 2 0.5 2
1.1m-1.2m 4 6 1 0.3 4
1.2m-1.3m 8 10 0.2 4.8
1.3m-1.4m 5 8 0.3 3.8
1.4m-1.5m 3 6 5 0.3 3
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 3 2 1 0.1 9
1.8m-1.9m 3 2 1 0.1 9
1.9m-2m 1 0
2m-2.25m 1 1 1 0.2 6
2.25m-2.5m 7 2 1 0 21
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 2 0
5.01m-6m 1 0

Townhouses 19% 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 1 1 0.2 6
276k-300k 1 0.2 0
301k-325k 3 6 1 0.3 3
326k-350k 2 10 2 0.8 1.2
376k-400k 2 0.3 0
401k-425k 1 4 0.7 1.5
426k-450k 8 7 2 0.1 6.9
451k-475k 3 1 0.1 18
476k-500k 1 2 0.3 3
501k-550k 2 3 1 0.3 4
551k-600k 1 0
601k-650k 2 1 0.1 12
651k-700k 3 1 0.1 18
701k-750k 10 0
751k-800k 1 0
801k-850k 1 1 0.2 0

Condos 50% 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
301k-325k 1 0.2 0
326k-350k 1 0
351k-375k 2 1 0.3 0

Land 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
26k-50k 4 3 0.1 8
51k-75k 4 2 0.1 12
76k-100k 5 2 0.1 15
101k-125k 4 3 1 0.1 8
126k-150k 2 1 0.1 12
151k-175k 2 2 0.2 6
176k-200k 4 6 1 0.3 4
201k-225k 4 1 0 24
226k-250k 9 2 0 27
251k-275k 5 3 0.1 10
276k-300k 3 0
301k-325k 3 2 0.1 9
326k-350k 4 2 0.1 12
351k-375k 4 0
376k-400k 2 1 1 0.1 12
401k-425k 1 0.2 0
426k-450k 2 2 0.2 6
451k-475k 2 0.3 0
476k-500k 2 0
501k-550k 3 1 0.1 18
551k-600k 3 1 0.1 18
601k-650k 2 2 0.2 6
651k-700k 3 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 1 0.2 6
901k-950k 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 1 0.3 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.75m-3m 2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0