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 29% 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 2 13 3 1.1 0.9
226k-250k 5 19 2 0.6 1.6
251k-275k 14 45 4 0.5 1.9
276k-300k 35 112 25 0.5 1.9
301k-325k 54 194 31 0.6 1.7
326k-350k 124 345 44 0.5 2.2
351k-375k 119 328 49 0.5 2.2
376k-400k 179 402 60 0.4 2.7
401k-425k 135 336 49 0.4 2.4
426k-450k 171 372 52 0.4 2.8
451k-475k 124 247 30 0.3 3
476k-500k 138 250 35 0.3 3.3
501k-550k 192 358 44 0.3 3.2
551k-600k 171 267 37 0.3 3.8
601k-650k 71 200 16 0.5 2.1
651k-700k 57 146 19 0.4 2.3
701k-750k 46 78 10 0.3 3.5
751k-800k 50 65 8 0.2 4.6
801k-850k 35 54 5 0.3 3.9
851k-900k 27 30 2 0.2 5.4
901k-950k 18 29 5 0.3 3.7
951k-1m 18 15 0.1 7.2
1m-1.1m 16 20 4 0.2 4.8
1.1m-1.2m 15 16 0.2 5.6
1.2m-1.3m 17 15 1 0.1 6.8
1.3m-1.4m 14 9 0.1 9.3
1.4m-1.5m 14 9 2 0.1 9.3
1.5m-1.6m 12 10 6 0.1 7.2
1.6m-1.7m 6 7 1 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 4 0.2 6
2.25m-2.5m 6 2 1 0.1 18
2.5m-2.75m 5 1 0 30
2.75m-3m 11 3 0 22
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