Supply & Demand in Lithonia, 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 38% 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 3 3 0.5 2
76k-100k 4 1 0.7 0
101k-125k 1 0.2 0
126k-150k 2 7 1 0.6 1.7
151k-175k 1 6 1 1
176k-200k 4 17 3 0.7 1.4
201k-225k 8 27 5 0.6 1.8
226k-250k 27 47 13 0.3 3.4
251k-275k 38 66 16 0.3 3.5
276k-300k 23 50 18 0.4 2.8
301k-325k 15 40 9 0.4 2.3
326k-350k 16 18 4 0.2 5.3
351k-375k 9 27 7 0.5 2
376k-400k 23 27 11 0.2 5.1
401k-425k 11 9 2 0.1 7.3
426k-450k 4 6 2 0.3 4
451k-475k 1 1 0.2 6
476k-500k 3 7 1 0.4 2.6
501k-550k 1 1 0.2 6
551k-600k 2 0
601k-650k 3 1 0.5 0
751k-800k 2 0
851k-900k 1 0
951k-1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0

Townhouses 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 1 0.2 0
76k-100k 1 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 1 6 1 1 1
151k-175k 3 0.5 0
176k-200k 4 8 1 0.3 3
201k-225k 5 19 3 0.6 1.6
226k-250k 6 8 3 0.2 4.5
251k-275k 7 7 1 0.2 6
276k-300k 16 17 3 0.2 5.6
301k-325k 18 9 1 0.1 12
326k-350k 6 1 0 36
351k-375k 1 0

Condos 10% 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 2 0
76k-100k 3 3 1 0.2 6
101k-125k 5 4 0.1 7.5
126k-150k 12 11 1 0.2 6.5
151k-175k 3 0
176k-200k 1 0
201k-225k 1 0

Land 6% 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 2 1 1 0.1 12
26k-50k 6 4 0.1 9
51k-75k 5 0
76k-100k 4 0
126k-150k 1 0
151k-175k 2 0
176k-200k 1 0
201k-225k 1 1 0.2 0
251k-275k 3 0
276k-300k 2 0
351k-375k 1 0
476k-500k 1 0
1.2m-1.3m 1 0