Absorption Report

Milledgeville, Sparta, Land, Baldwin High School

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 37% 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 0
76k-100k 1 1 0.2 0
151k-175k 1 6 2 1 1
176k-200k 1 8 1 1.3 0.8
201k-225k 3 13 4 0.7 1.4
226k-250k 2 17 3 1.4 0.7
251k-275k 11 59 8 0.9 1.1
276k-300k 29 78 20 0.4 2.2
301k-325k 20 62 6 0.5 1.9
326k-350k 27 97 17 0.6 1.7
351k-375k 42 98 18 0.4 2.6
376k-400k 71 121 22 0.3 3.5
401k-425k 45 64 11 0.2 4.2
426k-450k 35 69 16 0.3 3
451k-475k 25 37 6 0.2 4.1
476k-500k 23 35 3 0.3 3.9
501k-550k 26 35 9 0.2 4.5
551k-600k 14 29 7 0.3 2.9
601k-650k 10 5 0.1 12
651k-700k 2 5 3 0.4 2.4
701k-750k 4 8 2 0.3 3
751k-800k 3 1 0.1 18
801k-850k 3 1 0.5 0
851k-900k 1 0
901k-950k 1 0
1.3m-1.4m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
3.5m-4m 1 0