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 30% 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
76k-100k 1 0
101k-125k 1 1 0.2 0
126k-150k 2 4 0.3 3
151k-175k 4 13 2 0.5 1.8
176k-200k 7 32 7 0.8 1.3
201k-225k 10 38 12 0.6 1.6
226k-250k 45 61 18 0.2 4.4
251k-275k 34 60 12 0.3 3.4
276k-300k 37 43 4 0.2 5.2
301k-325k 21 19 1 0.2 6.6
326k-350k 19 31 7 0.3 3.7
351k-375k 23 34 5 0.2 4.1
376k-400k 22 32 4 0.2 4.1
401k-425k 13 11 2 0.1 7.1
426k-450k 4 7 2 0.3 3.4
451k-475k 4 2 2 0.1 12
476k-500k 3 1 0.1 18
501k-550k 2 2 1 0.2 6
551k-600k 1 0
601k-650k 1 1 0.2 6
701k-750k 2 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0.2 0
1.3m-1.4m 1 0.2 0

Townhouses 21% 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 2 2 1 0.2 6
126k-150k 9 2 2 0 27
151k-175k 5 2 1 0.1 15
176k-200k 11 8 4 0.1 8.3
201k-225k 10 9 2 0.2 6.7
226k-250k 15 15 3 0.2 6
251k-275k 11 11 1 0.2 6
276k-300k 21 16 4 0.1 7.9
301k-325k 14 10 1 0.1 8.4
326k-350k 1 0

Condos 7% 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
26k-50k 1 0.2 0
51k-75k 1 2 0.3 3
76k-100k 6 2 1 0.1 18
101k-125k 20 2 0 60
126k-150k 12 2 1 0 36
151k-175k 2 0
201k-225k 1 0

Land 4% 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 7 2 0 21
26k-50k 9 3 0.1 18
51k-75k 5 1 0 30
101k-125k 2 0
126k-150k 1 0
151k-175k 1 0
226k-250k 3 0
251k-275k 1 0
276k-300k 2 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 1 0
551k-600k 1 0
601k-650k 1 0
751k-800k 1 0
851k-900k 1 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 2 0.3 3
3m-3.5m 1 0