Absorption Report

House, Forsyth County


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 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
1k-25k 4 0
151k-175k 3 0.5 0
176k-200k 5 1 0.8 0
201k-225k 10 1.7 0
226k-250k 3 7 2 0.4 2.6
251k-275k 4 22 2 0.9 1.1
276k-300k 9 35 9 0.6 1.5
301k-325k 6 53 8 1.5 0.7
326k-350k 22 77 12 0.6 1.7
351k-375k 22 79 12 0.6 1.7
376k-400k 45 94 18 0.3 2.9
401k-425k 28 86 14 0.5 2
426k-450k 39 88 17 0.4 2.7
451k-475k 18 67 13 0.6 1.6
476k-500k 27 75 18 0.5 2.2
501k-550k 51 146 25 0.5 2.1
551k-600k 39 97 13 0.4 2.4
601k-650k 32 103 22 0.5 1.9
651k-700k 41 93 19 0.4 2.6
701k-750k 21 78 16 0.6 1.6
751k-800k 18 48 11 0.4 2.3
801k-850k 18 43 6 0.4 2.5
851k-900k 13 37 9 0.5 2.1
901k-950k 14 25 2 0.3 3.4
951k-1m 12 29 7 0.4 2.5
1m-1.1m 16 25 6 0.3 3.8
1.1m-1.2m 11 26 2 0.4 2.5
1.2m-1.3m 12 14 3 0.2 5.1
1.3m-1.4m 5 17 2 0.6 1.8
1.4m-1.5m 7 9 1 0.2 4.7
1.5m-1.6m 5 14 3 0.5 2.1
1.6m-1.7m 2 8 1 0.7 1.5
1.7m-1.8m 2 6 0.5 2
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 3 5 2 0.3 3.6
2m-2.25m 6 5 2 0.1 7.2
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 6 2 0.1 18
2.75m-3m 2 1 1 0.1 12
3m-3.5m 3 1 0.1 18
3.5m-4m 2 1 0.1 12
4.5m-5m 1 0
7.01m-8m 1 0

Townhouses 39% 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 1 5 1 0.8 1.2
201k-225k 2 10 3 0.8 1.2
226k-250k 3 16 3 0.9 1.1
251k-275k 4 18 4 0.8 1.3
276k-300k 5 16 2 0.5 1.9
301k-325k 3 11 2 0.6 1.6
326k-350k 4 20 4 0.8 1.2
351k-375k 6 7 1 0.2 5.1
376k-400k 5 14 6 0.5 2.1
401k-425k 9 21 4 0.4 2.6
426k-450k 13 31 5 0.4 2.5
451k-475k 8 15 3 0.3 3.2
476k-500k 2 10 2 0.8 1.2
501k-550k 3 7 0.4 2.6
551k-600k 5 7 0.2 4.3
601k-650k 4 0.7 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 0
851k-900k 1 0
901k-950k 1 1 0.2 6
951k-1m 2 0.3 0

Condos 31% 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
151k-175k 1 9 5 1.5 0.7
176k-200k 1 13 2 2.2 0.5
201k-225k 14 17 1 0.2 4.9
226k-250k 10 26 3 0.4 2.3
251k-275k 7 20 3 0.5 2.1
276k-300k 6 27 3 0.8 1.3
301k-325k 4 6 0.3 4
326k-350k 4 12 4 0.5 2
351k-375k 2 7 0.6 1.7
376k-400k 1 6 1 1
401k-425k 2 0.3 0
426k-450k 3 7 0.4 2.6
451k-475k 2 2 0.2 6
476k-500k 1 3 0.5 2
501k-550k 2 1 0.3 0
551k-600k 1 0
851k-900k 2 0.3 0

Land 10% 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 2 0.3 3
26k-50k 1 1 0.2 6
51k-75k 2 0
76k-100k 3 4 0.2 4.5
101k-125k 2 3 0.3 4
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 7 5 1 0.1 8.4
251k-275k 4 1 0 24
276k-300k 3 2 0.1 9
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 1 0
501k-550k 1 0
651k-700k 2 0
751k-800k 3 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0
3.5m-4m 2 0
4m-4.5m 1 0