Supply & Demand in Canton, 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 23% 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
101k-125k 1 0
176k-200k 1 3 0.5 2
201k-225k 1 3 1 0.5 2
226k-250k 1 6 1 1 1
251k-275k 2 6 0.5 2
276k-300k 2 6 1 0.5 2
301k-325k 3 20 1 1.1 0.9
326k-350k 12 37 4 0.5 1.9
351k-375k 14 35 6 0.4 2.4
376k-400k 26 39 3 0.3 4
401k-425k 18 27 7 0.3 4
426k-450k 22 47 10 0.4 2.8
451k-475k 17 32 3 0.3 3.2
476k-500k 26 38 3 0.2 4.1
501k-550k 37 77 17 0.3 2.9
551k-600k 50 51 12 0.2 5.9
601k-650k 37 57 6 0.3 3.9
651k-700k 47 37 11 0.1 7.6
701k-750k 25 28 7 0.2 5.4
751k-800k 36 21 5 0.1 10.3
801k-850k 26 16 1 0.1 9.8
851k-900k 11 15 5 0.2 4.4
901k-950k 11 8 0.1 8.3
951k-1m 9 8 3 0.1 6.8
1m-1.1m 8 5 0.1 9.6
1.1m-1.2m 8 4 1 0.1 12
1.2m-1.3m 9 8 0.1 6.8
1.3m-1.4m 13 3 1 0 26
1.4m-1.5m 4 1 0 24
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 9 0
1.7m-1.8m 1 3 1 0.5 2
1.8m-1.9m 4 0
1.9m-2m 5 0
2m-2.25m 3 4 0.2 4.5
2.25m-2.5m 1 3 0.5 2
2.75m-3m 3 1 0.5 0
3m-3.5m 1 0
4m-4.5m 2 3 0.3 4
6.01m-7m 1 0

Townhouses 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
251k-275k 2 2 0.2 6
276k-300k 3 4 0.2 4.5
301k-325k 2 8 1 0.7 1.5
326k-350k 2 4 0.3 3
351k-375k 2 13 1 1.1 0.9
376k-400k 4 8 1 0.3 3
401k-425k 6 4 0.1 9
426k-450k 5 2 1 0.1 15
451k-475k 1 0.2 0
476k-500k 1 2 0.3 3
501k-550k 3 0
551k-600k 3 0
601k-650k 1 2 0.3 3
651k-700k 5 1 1 0 30
701k-750k 2 1 0.1 12
751k-800k 1 0.2 0
851k-900k 1 0

Condos % 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
276k-300k 2 1 0.1 12
301k-325k 1 0
351k-375k 3 0.5 0
376k-400k 1 0
401k-425k 1 1 0.2 0

Land 1% 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 2 0.3 0
26k-50k 5 0
51k-75k 5 1 0 30
76k-100k 6 0
101k-125k 1 4 0.7 1.5
126k-150k 2 1 0.1 12
151k-175k 3 1 0.1 18
176k-200k 1 2 0.3 3
201k-225k 3 1 0.1 18
226k-250k 7 2 1 0 21
276k-300k 2 0.3 0
301k-325k 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 2 3 0.3 4
426k-450k 2 0
476k-500k 1 0
501k-550k 3 2 0.1 9
551k-600k 3 0
601k-650k 2 0
651k-700k 1 0
701k-750k 3 0
751k-800k 1 0
801k-850k 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 3 0
1.9m-2m 2 0
2m-2.25m 2 0.3 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0