Supply & Demand in Stone Mountain, 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 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
51k-75k 2 1 0.3 0
76k-100k 2 0.3 0
101k-125k 2 0.3 0
126k-150k 3 2 0.5 0
151k-175k 6 1 1 0
176k-200k 5 16 1 0.5 1.9
201k-225k 5 21 4 0.7 1.4
226k-250k 19 47 11 0.4 2.4
251k-275k 27 68 7 0.4 2.4
276k-300k 30 75 14 0.4 2.4
301k-325k 16 42 10 0.4 2.3
326k-350k 21 47 12 0.4 2.7
351k-375k 14 32 6 0.4 2.6
376k-400k 15 31 9 0.3 2.9
401k-425k 7 12 4 0.3 3.5
426k-450k 6 8 2 0.2 4.5
451k-475k 4 5 2 0.2 4.8
476k-500k 6 6 2 0.2 6
501k-550k 5 9 5 0.3 3.3
551k-600k 1 4 1 0.7 1.5
601k-650k 1 3 1 0.5 2
651k-700k 1 0.2 0
701k-750k 2 2 1 0.2 6
751k-800k 1 3 3 0.5 2
801k-850k 1 0.2 0
901k-950k 1 0.2 0
951k-1m 1 0
1.7m-1.8m 1 0

Townhouses 48% 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
126k-150k 1 1 0.2 6
151k-175k 3 11 3 0.6 1.6
176k-200k 4 10 1 0.4 2.4
201k-225k 10 1 1.7 0
226k-250k 1 6 1 1 1
251k-275k 3 1 0.5 0
276k-300k 1 4 0.7 1.5
301k-325k 1 0
326k-350k 2 1 0.1 12
351k-375k 1 1 0.2 0
376k-400k 1 0.2 0

Condos 22% 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 0.2 0
101k-125k 3 0.5 0
126k-150k 5 4 1 0.1 7.5
151k-175k 4 4 0.2 6
176k-200k 9 1.5 0
201k-225k 7 4 2 0.1 10.5
251k-275k 3 0
276k-300k 2 0
326k-350k 4 0.7 0

Land 3% 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 2 0.2 6
26k-50k 4 2 0.1 12
51k-75k 5 2 1 0.1 15
76k-100k 6 0
101k-125k 1 0.2 0
126k-150k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 1 0
276k-300k 3 0
301k-325k 1 0
451k-475k 1 0
951k-1m 3 0