Absorption Report

Stone Mountain, GA

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 33% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0.2 0
101k-125k 1 0.2 0
126k-150k 1 0
151k-175k 4 17 2 0.7 1.4
176k-200k 10 15 6 0.3 4
201k-225k 10 32 6 0.5 1.9
226k-250k 14 51 14 0.6 1.6
251k-275k 29 49 8 0.3 3.6
276k-300k 32 66 15 0.3 2.9
301k-325k 27 58 13 0.4 2.8
326k-350k 31 42 4 0.2 4.4
351k-375k 19 39 4 0.3 2.9
376k-400k 16 43 7 0.4 2.2
401k-425k 13 14 2 0.2 5.6
426k-450k 6 12 4 0.3 3
451k-475k 7 8 2 0.2 5.3
476k-500k 4 4 1 0.2 6
501k-550k 5 7 1 0.2 4.3
551k-600k 1 6 2 1 1
601k-650k 1 2 0.3 3
651k-700k 2 4 0.3 3
701k-750k 2 1 0.3 0
751k-800k 2 2 0.2 6
801k-850k 2 2 0.2 6
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 1 0.2 6
1.6m-1.7m 1 0

Townhouses 23% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
101k-125k 1 0.2 0
126k-150k 2 1 1 0.1 12
151k-175k 3 7 0.4 2.6
176k-200k 10 11 1 0.2 5.5
201k-225k 2 5 0.4 2.4
226k-250k 6 5 2 0.1 7.2
251k-275k 4 5 1 0.2 4.8
276k-300k 2 4 1 0.3 3
301k-325k 1 2 1 0.3 3
351k-375k 1 3 0.5 2
376k-400k 1 0.2 0

Condos 9% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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
101k-125k 4 2 0.1 12
126k-150k 9 4 0.1 13.5
151k-175k 5 1 0 30
176k-200k 6 0
201k-225k 1 4 0.7 1.5
226k-250k 2 0.3 0
251k-275k 5 2 0.1 15
276k-300k 1 1 0.2 6
326k-350k 1 3 1 0.5 2
351k-375k 2 0.3 0

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 1 0 24
26k-50k 3 7 3 0.4 2.6
51k-75k 4 1 0 24
76k-100k 6 0
101k-125k 1 0
126k-150k 1 1 0.2 0
176k-200k 1 0
226k-250k 2 0
251k-275k 1 0
351k-375k 1 0
476k-500k 1 0
651k-700k 1 0