Supply & Demand in McDonough, 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 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
76k-100k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 7 1 1.2 0.9
201k-225k 3 3 2 0.2 6
226k-250k 7 11 2 0.3 3.8
251k-275k 12 14 4 0.2 5.1
276k-300k 21 28 7 0.2 4.5
301k-325k 16 34 7 0.4 2.8
326k-350k 35 29 3 0.1 7.2
351k-375k 23 30 6 0.2 4.6
376k-400k 26 32 5 0.2 4.9
401k-425k 13 15 4 0.2 5.2
426k-450k 22 23 4 0.2 5.7
451k-475k 14 12 4 0.1 7
476k-500k 25 15 7 0.1 10
501k-550k 24 26 4 0.2 5.5
551k-600k 23 19 2 0.1 7.3
601k-650k 9 6 0.1 9
651k-700k 2 1 0.1 12
701k-750k 5 3 0.1 10
751k-800k 1 4 0.7 1.5
801k-850k 2 1 0.3 0
851k-900k 1 0
951k-1m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 1 0.2 0
2.5m-2.75m 1 0

Townhouses 37% 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 2 0.3 3
201k-225k 2 1 0.1 12
226k-250k 4 2 1 0.1 12
251k-275k 2 1 0.1 12
276k-300k 6 1 0 36
301k-325k 11 29 13 0.4 2.3
326k-350k 4 1 1 0 24
351k-375k 2 0

Condos 0% 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
276k-300k 1 0
301k-325k 2 0

Land 12% 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 2 0.3 0
51k-75k 5 0
76k-100k 1 0
101k-125k 2 0
126k-150k 3 0
151k-175k 2 0
176k-200k 2 0
226k-250k 1 1 0.2 6
276k-300k 1 1 0.2 0
301k-325k 1 0
376k-400k 1 1 0.2 0
551k-600k 1 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.5m-1.6m 3 0