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 22% 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
126k-150k 1 1 0.2 6
176k-200k 1 4 0.7 1.5
201k-225k 2 0.3 0
226k-250k 2 7 0.6 1.7
251k-275k 1 6 1 1
276k-300k 2 7 0.6 1.7
301k-325k 18 1 3 0
326k-350k 12 29 4 0.4 2.5
351k-375k 12 28 4 0.4 2.6
376k-400k 32 39 11 0.2 4.9
401k-425k 15 22 3 0.2 4.1
426k-450k 23 44 11 0.3 3.1
451k-475k 12 30 4 0.4 2.4
476k-500k 23 36 5 0.3 3.8
501k-550k 31 62 6 0.3 3
551k-600k 35 46 11 0.2 4.6
601k-650k 35 54 7 0.3 3.9
651k-700k 35 30 5 0.1 7
701k-750k 20 24 3 0.2 5
751k-800k 25 27 2 0.2 5.6
801k-850k 20 23 4 0.2 5.2
851k-900k 9 15 5 0.3 3.6
901k-950k 6 8 3 0.2 4.5
951k-1m 7 7 1 0.2 6
1m-1.1m 7 7 2 0.2 6
1.1m-1.2m 5 3 1 0.1 10
1.2m-1.3m 9 9 0.2 6
1.3m-1.4m 5 3 0.1 10
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 8 2 1 0 24
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 3 0
2m-2.25m 2 3 1 0.3 4
2.25m-2.5m 1 4 0.7 1.5
2.5m-2.75m 1 0
2.75m-3m 2 1 0.3 0
3m-3.5m 1 0
3.5m-4m 2 0
4m-4.5m 2 2 1 0.2 6
4.5m-5m 1 0
6.01m-7m 1 0

Townhouses 24% 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
251k-275k 3 3 0.2 6
276k-300k 2 5 2 0.4 2.4
301k-325k 3 10 0.6 1.8
326k-350k 1 3 1 0.5 2
351k-375k 10 3 1.7 0
376k-400k 8 8 2 0.2 6
401k-425k 8 4 1 0.1 12
426k-450k 4 1 0 24
476k-500k 2 2 0.2 6
501k-550k 1 0
551k-600k 2 1 0.1 12
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0

Condos 14% 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 3 0
301k-325k 1 1 0.2 6
351k-375k 1 4 1 0.7 1.5
426k-450k 1 1 0.2 6

Land 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
1k-25k 2 0.3 0
26k-50k 5 0
51k-75k 4 1 0 24
76k-100k 5 2 0.1 15
101k-125k 1 5 2 0.8 1.2
126k-150k 1 1 0.2 6
151k-175k 3 2 0.1 9
176k-200k 2 1 0.1 12
201k-225k 2 1 0.1 12
226k-250k 3 1 0.1 18
251k-275k 2 1 0.1 12
276k-300k 1 1 0.2 6
301k-325k 2 1 0.1 12
326k-350k 1 1 0.2 6
351k-375k 2 2 0.2 6
426k-450k 2 3 0.3 4
501k-550k 4 2 0.1 12
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0
701k-750k 2 0
751k-800k 1 0
801k-850k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 1 0.1 12
1.4m-1.5m 2 1 0.1 12
1.7m-1.8m 4 1 0 24
1.9m-2m 2 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0