Absorption Report

Gwinnett County, House

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 1 13 3 2.2 0.5
226k-250k 5 19 2 0.6 1.6
251k-275k 14 46 5 0.5 1.8
276k-300k 37 109 22 0.5 2
301k-325k 55 193 32 0.6 1.7
326k-350k 124 346 44 0.5 2.2
351k-375k 119 330 50 0.5 2.2
376k-400k 181 403 65 0.4 2.7
401k-425k 136 336 51 0.4 2.4
426k-450k 172 373 51 0.4 2.8
451k-475k 121 253 30 0.3 2.9
476k-500k 137 250 36 0.3 3.3
501k-550k 192 359 44 0.3 3.2
551k-600k 172 265 37 0.3 3.9
601k-650k 73 203 19 0.5 2.2
651k-700k 57 146 20 0.4 2.3
701k-750k 46 80 10 0.3 3.5
751k-800k 50 65 9 0.2 4.6
801k-850k 34 54 6 0.3 3.8
851k-900k 24 31 2 0.2 4.6
901k-950k 18 29 5 0.3 3.7
951k-1m 17 15 0.1 6.8
1m-1.1m 16 20 4 0.2 4.8
1.1m-1.2m 15 17 0.2 5.3
1.2m-1.3m 18 15 1 0.1 7.2
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 11 4 0.1 16.5
1.8m-1.9m 9 5 0.1 10.8
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