Supply & Demand in Conyers, GA

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
26k-50k 1 0.2 0
51k-75k 1 1 0.2 0
76k-100k 1 0
126k-150k 1 5 1 0.8 1.2
151k-175k 7 2 1.2 0
176k-200k 1 11 3 1.8 0.5
201k-225k 4 21 2 0.9 1.1
226k-250k 10 38 10 0.6 1.6
251k-275k 21 34 9 0.3 3.7
276k-300k 24 40 6 0.3 3.6
301k-325k 10 28 5 0.5 2.1
326k-350k 19 40 12 0.4 2.9
351k-375k 22 44 9 0.3 3
376k-400k 16 35 9 0.4 2.7
401k-425k 15 26 2 0.3 3.5
426k-450k 10 11 0.2 5.5
451k-475k 7 6 0.1 7
476k-500k 7 7 0.2 6
501k-550k 13 9 2 0.1 8.7
551k-600k 10 10 1 0.2 6
601k-650k 3 5 1 0.3 3.6
651k-700k 3 4 3 0.2 4.5
701k-750k 2 1 0.1 12
751k-800k 5 7 3 0.2 4.3
801k-850k 2 5 0.4 2.4
851k-900k 3 1 0.1 18
901k-950k 2 1 0.1 12
951k-1m 1 0
1.1m-1.2m 3 1 0.1 18
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 43% 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 3 1 0.5 0
151k-175k 3 0.5 0
176k-200k 2 1 0.3 0
201k-225k 2 3 1 0.3 4
226k-250k 5 2 0.8 0
251k-275k 5 3 0.8 0
276k-300k 6 4 0.1 9
301k-325k 17 14 8 0.1 7.3
326k-350k 9 19 4 0.4 2.8

Condos 0% 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 0.2 0
101k-125k 1 0
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 1 0
301k-325k 2 0

Land 9% 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 10 6 2 0.1 10
26k-50k 4 9 1 0.4 2.7
51k-75k 6 2 0.1 18
76k-100k 24 5 0 28.8
101k-125k 1 6 1 1 1
126k-150k 1 0
151k-175k 2 1 0.1 12
176k-200k 1 0.2 0
226k-250k 4 0
251k-275k 1 0.2 0
276k-300k 4 0
326k-350k 1 0
351k-375k 1 0
376k-400k 2 0
401k-425k 2 0
426k-450k 2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 2 0
651k-700k 1 0
851k-900k 2 0
951k-1m 1 0
1.3m-1.4m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0
16.01m-17m 1 0