Supply & Demand in Lawrenceville, 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 46% 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
101k-125k 1 0.2 0
201k-225k 2 0.3 0
226k-250k 5 0.8 0
251k-275k 2 19 2 1.6 0.6
276k-300k 6 31 8 0.9 1.2
301k-325k 9 60 11 1.1 0.9
326k-350k 16 136 25 1.4 0.7
351k-375k 22 120 20 0.9 1.1
376k-400k 41 130 28 0.5 1.9
401k-425k 34 91 25 0.4 2.2
426k-450k 46 103 24 0.4 2.7
451k-475k 20 53 18 0.4 2.3
476k-500k 29 65 17 0.4 2.7
501k-550k 41 78 20 0.3 3.2
551k-600k 16 64 16 0.7 1.5
601k-650k 11 33 8 0.5 2
651k-700k 7 11 4 0.3 3.8
701k-750k 4 6 0.3 4
751k-800k 4 3 1 0.1 8
801k-850k 3 5 3 0.3 3.6
851k-900k 2 1 0.1 12
901k-950k 3 2 1 0.1 9
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 5 0.8 1.2
1.2m-1.3m 3 0
1.3m-1.4m 3 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 2 0
3.5m-4m 1 0
9.01m-10m 1 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 2 4 2 0.3 3
251k-275k 4 11 0.5 2.2
276k-300k 3 25 6 1.4 0.7
301k-325k 8 28 6 0.6 1.7
326k-350k 7 13 4 0.3 3.2
351k-375k 10 34 6 0.6 1.8
376k-400k 19 27 7 0.2 4.2
401k-425k 12 11 4 0.2 6.5
426k-450k 5 8 5 0.3 3.8
451k-475k 3 3 0.2 6
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 1 0

Condos 36% 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
176k-200k 3 0.5 0
226k-250k 2 0.3 0
251k-275k 2 1 0.3 0
276k-300k 2 6 0.5 2
301k-325k 1 2 1 0.3 3
351k-375k 1 1 0.2 6
376k-400k 2 0
401k-425k 1 0.2 0
426k-450k 1 1 0.2 0
2.25m-2.5m 1 0

Land 15% 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 3 2 1 0.1 9
51k-75k 2 1 0.1 12
76k-100k 1 3 1 0.5 2
101k-125k 1 0
126k-150k 1 0.2 0
151k-175k 3 1 1 0.1 18
176k-200k 4 1 0 24
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 3 0
326k-350k 1 1 0.2 6
376k-400k 1 1 0.2 6
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 2 0
751k-800k 1 0.2 0
801k-850k 2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 2 0
1.4m-1.5m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 1 0.2 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0