Absorption Report

Newnan, Sharpsburg, Arnall Middle 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 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
1k-25k 4 0
151k-175k 1 1 0.2 0
176k-200k 8 1 1.3 0
201k-225k 10 2 1.7 0
226k-250k 2 10 3 0.8 1.2
251k-275k 4 23 7 1 1
276k-300k 8 37 11 0.8 1.3
301k-325k 8 55 11 1.1 0.9
326k-350k 18 77 15 0.7 1.4
351k-375k 19 77 9 0.7 1.5
376k-400k 34 83 13 0.4 2.5
401k-425k 27 75 8 0.5 2.2
426k-450k 25 87 21 0.6 1.7
451k-475k 19 70 12 0.6 1.6
476k-500k 24 66 16 0.5 2.2
501k-550k 42 132 22 0.5 1.9
551k-600k 35 87 17 0.4 2.4
601k-650k 31 90 22 0.5 2.1
651k-700k 34 85 23 0.4 2.4
701k-750k 25 61 11 0.4 2.5
751k-800k 16 42 8 0.4 2.3
801k-850k 15 39 12 0.4 2.3
851k-900k 14 32 7 0.4 2.6
901k-950k 9 26 6 0.5 2.1
951k-1m 11 22 5 0.3 3
1m-1.1m 17 21 5 0.2 4.9
1.1m-1.2m 9 21 6 0.4 2.6
1.2m-1.3m 9 11 4 0.2 4.9
1.3m-1.4m 6 17 2 0.5 2.1
1.4m-1.5m 6 11 2 0.3 3.3
1.5m-1.6m 7 9 3 0.2 4.7
1.6m-1.7m 6 7 1 0.2 5.1
1.7m-1.8m 5 0.8 0
1.8m-1.9m 4 4 3 0.2 6
1.9m-2m 3 4 0.2 4.5
2m-2.25m 6 3 1 0.1 12
2.25m-2.5m 8 5 0.1 9.6
2.5m-2.75m 4 2 2 0.1 12
2.75m-3m 2 0
3m-3.5m 3 1 1 0.1 18
3.5m-4m 1 1 0.2 6
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0

Townhouses 35% 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 0.2 0
151k-175k 1 0.2 0
176k-200k 4 0.7 0
201k-225k 2 8 2 0.7 1.5
226k-250k 5 18 3 0.6 1.7
251k-275k 3 16 2 0.9 1.1
276k-300k 5 12 2 0.4 2.5
301k-325k 2 13 1 1.1 0.9
326k-350k 2 18 2 1.5 0.7
351k-375k 4 8 1 0.3 3
376k-400k 6 11 0.3 3.3
401k-425k 13 18 4 0.2 4.3
426k-450k 17 28 3 0.3 3.6
451k-475k 8 12 7 0.3 4
476k-500k 3 6 0.3 3
501k-550k 3 8 2 0.4 2.3
551k-600k 3 10 1 0.6 1.8
601k-650k 4 0.7 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 0.2 0
851k-900k 1 0
901k-950k 1 2 0.3 3
951k-1m 2 0.3 0

Condos 35% 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 0.2 0
151k-175k 4 6 1 0.3 4
176k-200k 2 11 1 0.9 1.1
201k-225k 10 13 4 0.2 4.6
226k-250k 11 26 3 0.4 2.5
251k-275k 6 18 2 0.5 2
276k-300k 6 23 3 0.6 1.6
301k-325k 1 8 3 1.3 0.8
326k-350k 5 10 3 0.3 3
351k-375k 1 7 2 1.2 0.9
376k-400k 1 7 3 1.2 0.9
401k-425k 3 1 0.5 0
426k-450k 3 7 0.4 2.6
451k-475k 2 0.3 0
476k-500k 1 3 0.5 2
501k-550k 1 1 0.2 6
551k-600k 1 0
851k-900k 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 0.2 0
26k-50k 1 2 2 0.3 3
51k-75k 3 0
76k-100k 4 3 0.1 8
101k-125k 2 3 0.3 4
126k-150k 2 0.3 0
151k-175k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 6 4 2 0.1 9
251k-275k 3 1 0.1 18
276k-300k 1 3 0.5 2
301k-325k 1 0.2 0
326k-350k 1 2 0.3 3
351k-375k 1 0.2 0
376k-400k 1 0
426k-450k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
651k-700k 3 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 1 0