Supply & Demand in Conyers, 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 27% 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
76k-100k 2 3 0.3 4
101k-125k 1 5 1 0.8 1.2
126k-150k 6 3 1 0
151k-175k 4 8 2 0.3 3
176k-200k 9 16 4 0.3 3.4
201k-225k 11 30 7 0.5 2.2
226k-250k 31 31 13 0.2 6
251k-275k 29 27 6 0.2 6.4
276k-300k 23 35 10 0.3 3.9
301k-325k 20 32 2 0.3 3.8
326k-350k 26 53 11 0.3 2.9
351k-375k 23 32 2 0.2 4.3
376k-400k 19 25 7 0.2 4.6
401k-425k 12 19 2 0.3 3.8
426k-450k 9 12 3 0.2 4.5
451k-475k 8 3 1 0.1 16
476k-500k 9 14 5 0.3 3.9
501k-550k 10 6 2 0.1 10
551k-600k 4 6 2 0.3 4
601k-650k 7 9 4 0.2 4.7
651k-700k 10 4 1 0.1 15
701k-750k 3 1 0.1 18
751k-800k 1 3 0.5 2
801k-850k 3 2 0.1 9
851k-900k 3 1 0.1 18
901k-950k 3 1 0.1 18
951k-1m 2 1 0.3 0
1m-1.1m 2 0
1.1m-1.2m 2 1 0.1 12
1.4m-1.5m 1 0
1.6m-1.7m 1 1 0.2 0
1.7m-1.8m 1 0

Townhouses 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
101k-125k 1 3 2 0.5 2
126k-150k 1 1 1 0.2 6
151k-175k 4 7 0.3 3.4
176k-200k 2 5 1 0.4 2.4
201k-225k 4 4 1 0.2 6
226k-250k 2 4 0.3 3
251k-275k 2 3 0.3 4
276k-300k 28 30 7 0.2 5.6
301k-325k 16 25 5 0.3 3.8
326k-350k 4 6 1 0.3 4

Condos 25% 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
76k-100k 1 0
101k-125k 1 0.2 0
276k-300k 2 0
301k-325k 1 1 0.2 0

Land 10% 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 11 5 0.1 13.2
26k-50k 7 2 0 21
51k-75k 8 1 0 48
76k-100k 5 2 1 0.1 15
101k-125k 3 4 3 0.2 4.5
126k-150k 1 0
151k-175k 2 0
176k-200k 1 0
201k-225k 1 0
226k-250k 2 0
326k-350k 1 0
351k-375k 1 0
401k-425k 1 1 0.2 0
426k-450k 1 0
476k-500k 3 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
701k-750k 1 0
901k-950k 1 0
951k-1m 1 0
2.75m-3m 1 0
4.5m-5m 1 0