Absorption Report

Thomaston, Upson-Lee 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 28% 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 9 0
26k-50k 1 0
126k-150k 2 0.3 0
151k-175k 1 0.2 0
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 1 0.2 0
301k-325k 1 0.2 0
351k-375k 2 0.3 0
376k-400k 3 3 0.2 6
401k-425k 3 1 0.5 0
426k-450k 1 1 0.2 6
451k-475k 3 2 1 0.1 9
476k-500k 4 0
501k-550k 3 12 3 0.7 1.5
551k-600k 4 6 2 0.3 4
601k-650k 9 20 5 0.4 2.7
651k-700k 6 23 7 0.6 1.6
701k-750k 11 25 4 0.4 2.6
751k-800k 8 19 5 0.4 2.5
801k-850k 9 15 1 0.3 3.6
851k-900k 10 13 3 0.2 4.6
901k-950k 5 12 3 0.4 2.5
951k-1m 3 21 4 1.2 0.9
1m-1.1m 8 25 6 0.5 1.9
1.1m-1.2m 13 15 4 0.2 5.2
1.2m-1.3m 8 18 3 0.4 2.7
1.3m-1.4m 11 11 2 0.2 6
1.4m-1.5m 11 19 3 0.3 3.5
1.5m-1.6m 7 13 2 0.3 3.2
1.6m-1.7m 3 12 3 0.7 1.5
1.7m-1.8m 8 10 1 0.2 4.8
1.8m-1.9m 4 8 1 0.3 3
1.9m-2m 8 7 4 0.1 6.9
2m-2.25m 5 17 3 0.6 1.8
2.25m-2.5m 12 20 3 0.3 3.6
2.5m-2.75m 12 13 3 0.2 5.5
2.75m-3m 13 10 3 0.1 7.8
3m-3.5m 16 6 1 0.1 16
3.5m-4m 13 8 0.1 9.8
4m-4.5m 11 2 1 0 33
4.5m-5m 9 6 1 0.1 9
5.01m-6m 12 1 0 72
6.01m-7m 8 2 0 24
7.01m-8m 5 2 1 0.1 15
8.01m-9m 1 0
9.01m-10m 2 1 0.1 12
11.01m-12m 1 0
12.01m-13m 1 1 0.2 6
34.01m-35m 1 0

Townhouses 28% 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 3 0
176k-200k 1 0.2 0
226k-250k 2 0.3 0
251k-275k 1 3 0.5 2
276k-300k 2 4 0.3 3
301k-325k 3 5 0.3 3.6
326k-350k 3 3 0.2 6
351k-375k 9 16 3 0.3 3.4
376k-400k 8 17 3 0.4 2.8
401k-425k 3 3 0.2 6
426k-450k 3 8 1 0.4 2.3
451k-475k 4 15 0.6 1.6
476k-500k 9 14 1 0.3 3.9
501k-550k 9 21 1 0.4 2.6
551k-600k 4 20 5 0.8 1.2
601k-650k 7 8 2 0.2 5.3
651k-700k 8 16 5 0.3 3
701k-750k 10 9 2 0.2 6.7
751k-800k 10 10 2 0.2 6
801k-850k 4 2 0.1 12
851k-900k 5 3 2 0.1 10
901k-950k 2 4 1 0.3 3
951k-1m 4 1 0 24
1m-1.1m 2 0
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 2 4 2 0.3 3
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 6
3m-3.5m 1 1 0.2 0
3.5m-4m 1 0.2 0

Condos 17% 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 6 0
126k-150k 3 1 0.5 0
151k-175k 5 7 2 0.2 4.3
176k-200k 12 26 10 0.4 2.8
201k-225k 18 26 4 0.2 4.2
226k-250k 13 33 4 0.4 2.4
251k-275k 33 27 5 0.1 7.3
276k-300k 35 37 5 0.2 5.7
301k-325k 28 31 6 0.2 5.4
326k-350k 23 31 4 0.2 4.5
351k-375k 18 16 2 0.1 6.8
376k-400k 22 14 2 0.1 9.4
401k-425k 17 17 1 0.2 6
426k-450k 15 14 5 0.2 6.4
451k-475k 3 10 0.6 1.8
476k-500k 10 12 4 0.2 5
501k-550k 16 8 2 0.1 12
551k-600k 10 13 2 0.2 4.6
601k-650k 6 5 0.1 7.2
651k-700k 8 4 0.1 12
701k-750k 9 11 2 0.2 4.9
751k-800k 4 4 0.2 6
801k-850k 4 5 1 0.2 4.8
851k-900k 4 1 0 24
901k-950k 3 2 0.1 9
951k-1m 5 2 1 0.1 15
1m-1.1m 1 5 0.8 1.2
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 3 5 1 0.3 3.6
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 7 1 0 42
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
1.9m-2m 2 1 0.1 12
2m-2.25m 4 3 0.1 8
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 0
2.75m-3m 3 0
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 4 0
5.01m-6m 1 0
10.01m-11m 1 0
13.01m-14m 1 0

Land 28% 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
76k-100k 1 0
126k-150k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
301k-325k 1 0
476k-500k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 1 0.2 0
651k-700k 2 0.3 0
701k-750k 1 2 2 0.3 3
801k-850k 4 1 0 24
951k-1m 1 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 2 0.3 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0.2 0
3.5m-4m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
14.01m-15m 1 0