Absorption Report

Aragon, Cave Spring, Lindale, Rome, Silver Creek, Pepperell Elementary 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 46% 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 2 0.3 0
226k-250k 2 4 0.3 3
251k-275k 3 21 1 1.2 0.9
276k-300k 3 28 8 1.6 0.6
301k-325k 7 61 13 1.5 0.7
326k-350k 16 123 19 1.3 0.8
351k-375k 33 121 20 0.6 1.6
376k-400k 42 148 45 0.6 1.7
401k-425k 42 100 17 0.4 2.5
426k-450k 45 115 25 0.4 2.3
451k-475k 18 72 21 0.7 1.5
476k-500k 32 71 10 0.4 2.7
501k-550k 55 100 26 0.3 3.3
551k-600k 24 68 13 0.5 2.1
601k-650k 15 37 10 0.4 2.4
651k-700k 4 17 7 0.7 1.4
701k-750k 5 6 3 0.2 5
751k-800k 4 6 3 0.3 4
801k-850k 1 5 1 0.8 1.2
851k-900k 4 3 0.7 0
901k-950k 3 1 0.1 18
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 4 0.7 1.5
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.9m-2m 2 0
3.5m-4m 1 0
9.01m-10m 1 0

Townhouses 36% 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 3 1 0.5 0
226k-250k 1 6 2 1 1
251k-275k 6 7 0.2 5.1
276k-300k 5 25 2 0.8 1.2
301k-325k 13 28 8 0.4 2.8
326k-350k 5 15 5 0.5 2
351k-375k 10 34 3 0.6 1.8
376k-400k 30 30 5 0.2 6
401k-425k 11 13 4 0.2 5.1
426k-450k 4 10 5 0.4 2.4
451k-475k 5 3 1 0.1 10
476k-500k 3 0
501k-550k 2 1 0.3 0
551k-600k 1 0

Condos 73% 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
176k-200k 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 1 8 2 1.3 0.8
301k-325k 2 0.3 0
351k-375k 3 1 0.5 0
376k-400k 1 0
426k-450k 1 0.2 0
451k-475k 1 1 0.2 0
2.25m-2.5m 1 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
26k-50k 2 4 2 0.3 3
51k-75k 4 1 0 24
76k-100k 2 3 1 0.3 4
101k-125k 1 0
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 3 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 2 0
326k-350k 1 1 0.2 6
376k-400k 1 1 0.2 6
426k-450k 2 0
476k-500k 2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 2 0
801k-850k 2 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.9m-2m 2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0