Supply & Demand in Cumming, 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 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
151k-175k 2 1 0.3 0
176k-200k 1 0
201k-225k 2 3 0.3 4
226k-250k 6 2 1 0
251k-275k 1 9 2 1.5 0.7
276k-300k 2 8 0.7 1.5
301k-325k 2 13 2 1.1 0.9
326k-350k 5 9 1 0.3 3.3
351k-375k 4 24 1 1 1
376k-400k 5 24 8 0.8 1.3
401k-425k 3 28 5 1.6 0.6
426k-450k 6 34 4 0.9 1.1
451k-475k 11 45 9 0.7 1.5
476k-500k 10 44 10 0.7 1.4
501k-550k 25 89 17 0.6 1.7
551k-600k 31 89 24 0.5 2.1
601k-650k 23 80 11 0.6 1.7
651k-700k 39 83 19 0.4 2.8
701k-750k 37 75 10 0.3 3
751k-800k 23 55 12 0.4 2.5
801k-850k 24 40 5 0.3 3.6
851k-900k 23 41 6 0.3 3.4
901k-950k 10 23 4 0.4 2.6
951k-1m 15 22 7 0.2 4.1
1m-1.1m 5 10 4 0.3 3
1.1m-1.2m 11 9 0.1 7.3
1.2m-1.3m 9 19 4 0.4 2.8
1.3m-1.4m 4 10 2 0.4 2.4
1.4m-1.5m 6 8 2 0.2 4.5
1.5m-1.6m 3 7 2 0.4 2.6
1.6m-1.7m 6 2 0.1 18
1.7m-1.8m 4 4 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 3 1 0.1 18
2m-2.25m 6 3 2 0.1 12
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 3 1 1 0.1 18
8.01m-9m 1 0

Townhouses 56% 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
251k-275k 2 0.3 0
276k-300k 1 4 0.7 1.5
301k-325k 3 1 0.5 0
326k-350k 1 6 1 1
351k-375k 4 0.7 0
376k-400k 1 9 1.5 0.7
401k-425k 4 7 2 0.3 3.4
426k-450k 7 1 1.2 0
451k-475k 2 8 2 0.7 1.5
476k-500k 2 17 6 1.4 0.7
501k-550k 4 17 3 0.7 1.4
551k-600k 5 2 0.8 0
601k-650k 3 6 3 0.3 3
651k-700k 1 1 0.2 6
701k-750k 2 0.3 0

Condos 44% 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
226k-250k 2 0.3 0
301k-325k 1 1 0.2 6
326k-350k 1 2 1 0.3 3
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 7 1.2 0
426k-450k 5 2 0.8 0
451k-475k 2 4 1 0.3 3
476k-500k 2 4 0.3 3
501k-550k 4 7 1 0.3 3.4
551k-600k 1 8 2 1.3 0.8
601k-650k 2 0

Land 24% 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 2 0.3 3
51k-75k 4 4 0.2 6
76k-100k 2 0
101k-125k 2 1 0.3 0
126k-150k 4 1 0 24
151k-175k 2 1 0.3 0
176k-200k 3 1 0.1 18
201k-225k 1 0
226k-250k 3 1 0.1 18
251k-275k 4 1 0 24
276k-300k 4 1 0 24
301k-325k 1 1 0.2 6
326k-350k 1 3 1 0.5 2
351k-375k 1 0
376k-400k 3 1 0.1 18
426k-450k 1 1 0.2 6
451k-475k 1 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 2 2 1 0.2 6
551k-600k 2 0.3 0
601k-650k 1 0
651k-700k 4 2 0.1 12
701k-750k 3 0
751k-800k 2 1 0.1 12
851k-900k 2 1 1 0.1 12
901k-950k 2 0
951k-1m 2 2 0.2 6
1m-1.1m 2 3 1 0.3 4
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 1 0.1 18
3.5m-4m 1 1 0.2 6
4.5m-5m 1 0
5.01m-6m 1 1 0.2 6