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 31% 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
-24,000-0 1 0.2 0
76k-100k 1 0
176k-200k 1 0.2 0
201k-225k 1 3 0.5 2
226k-250k 5 1 0.8 0
251k-275k 1 16 2 2.7 0.4
276k-300k 6 31 3 0.9 1.2
301k-325k 11 66 11 1 1
326k-350k 39 122 19 0.5 1.9
351k-375k 39 124 30 0.5 1.9
376k-400k 69 137 32 0.3 3
401k-425k 51 111 17 0.4 2.8
426k-450k 51 83 16 0.3 3.7
451k-475k 42 46 12 0.2 5.5
476k-500k 35 44 13 0.2 4.8
501k-550k 57 70 14 0.2 4.9
551k-600k 55 37 4 0.1 8.9
601k-650k 19 25 3 0.2 4.6
651k-700k 15 13 0.1 6.9
701k-750k 8 9 1 0.2 5.3
751k-800k 2 8 1 0.7 1.5
801k-850k 2 4 2 0.3 3
851k-900k 4 1 0 24
901k-950k 1 1 1 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 3 1 0.1 18
1.1m-1.2m 4 0
1.2m-1.3m 1 3 2 0.5 2
1.3m-1.4m 4 2 0.1 12
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
9.01m-10m 1 0

Townhouses 27% 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
176k-200k 3 1 0.5 0
201k-225k 2 0.3 0
226k-250k 1 0
251k-275k 5 1 0.8 0
276k-300k 13 28 5 0.4 2.8
301k-325k 15 20 1 0.2 4.5
326k-350k 6 24 7 0.7 1.5
351k-375k 12 21 5 0.3 3.4
376k-400k 50 42 3 0.1 7.1
401k-425k 25 37 10 0.2 4.1
426k-450k 11 19 4 0.3 3.5
451k-475k 8 5 1 0.1 9.6
476k-500k 1 0
501k-550k 1 0
551k-600k 1 0.2 0

Condos 17% 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
151k-175k 1 0
201k-225k 2 1 1 0.1 12
226k-250k 1 2 1 0.3 3
251k-275k 2 2 0.2 6
276k-300k 2 2 0.2 6
301k-325k 2 1 1 0.1 12
351k-375k 1 0
376k-400k 3 2 0.1 9
426k-450k 1 0

Land 11% 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 3 2 0.1 9
26k-50k 2 1 0.1 12
51k-75k 1 1 0.2 0
76k-100k 2 3 0.3 4
101k-125k 1 2 0.3 3
126k-150k 4 1 0 24
151k-175k 1 0
176k-200k 2 0
201k-225k 2 0.3 0
226k-250k 4 0
251k-275k 2 1 0.1 12
276k-300k 1 0.2 0
426k-450k 1 0
476k-500k 1 0
651k-700k 1 1 0.2 6
751k-800k 1 0.2 0
801k-850k 2 1 0.1 12
851k-900k 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
5.01m-6m 1 0