Absorption Report: Gwinnett County, House | Homes by Marco

Absorption Report


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 30% 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 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
126k-150k 1 0
151k-175k 1 1 0.2 0
176k-200k 1 4 0.7 1.5
201k-225k 1 14 4 2.3 0.4
226k-250k 5 18 2 0.6 1.7
251k-275k 14 43 1 0.5 2
276k-300k 36 109 24 0.5 2
301k-325k 55 191 24 0.6 1.7
326k-350k 124 335 39 0.5 2.2
351k-375k 123 322 39 0.4 2.3
376k-400k 178 402 57 0.4 2.7
401k-425k 134 332 41 0.4 2.4
426k-450k 162 367 55 0.4 2.6
451k-475k 127 241 27 0.3 3.2
476k-500k 131 250 30 0.3 3.1
501k-550k 192 351 39 0.3 3.3
551k-600k 170 267 38 0.3 3.8
601k-650k 69 193 18 0.5 2.1
651k-700k 57 142 18 0.4 2.4
701k-750k 46 76 10 0.3 3.6
751k-800k 47 66 12 0.2 4.3
801k-850k 34 54 6 0.3 3.8
851k-900k 26 29 2 0.2 5.4
901k-950k 18 27 3 0.3 4
951k-1m 17 15 0.1 6.8
1m-1.1m 17 19 4 0.2 5.4
1.1m-1.2m 15 16 0.2 5.6
1.2m-1.3m 17 14 1 0.1 7.3
1.3m-1.4m 13 9 1 0.1 8.7
1.4m-1.5m 14 10 3 0.1 8.4
1.5m-1.6m 13 9 4 0.1 8.7
1.6m-1.7m 6 7 0.2 5.1
1.7m-1.8m 13 4 0.1 19.5
1.8m-1.9m 8 5 0.1 9.6
1.9m-2m 6 7 1 0.2 5.1
2m-2.25m 4 3 0.1 8
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 5 1 0 30
2.75m-3m 11 2 0 33
3m-3.5m 5 2 0.1 15
3.5m-4m 5 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 3 0
6.01m-7m 1 0
9.01m-10m 1 0