Supply & Demand in Cumming, 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
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 4 1 0.7 0
226k-250k 1 5 0.8 1.2
251k-275k 3 3 0.2 6
276k-300k 1 10 1 1.7 0.6
301k-325k 6 11 3 0.3 3.3
326k-350k 9 11 1 0.2 4.9
351k-375k 7 13 1 0.3 3.2
376k-400k 8 28 4 0.6 1.7
401k-425k 10 38 2 0.6 1.6
426k-450k 13 47 4 0.6 1.7
451k-475k 13 42 1 0.5 1.9
476k-500k 23 60 8 0.4 2.3
501k-550k 45 81 15 0.3 3.3
551k-600k 47 84 10 0.3 3.4
601k-650k 58 102 20 0.3 3.4
651k-700k 73 71 14 0.2 6.2
701k-750k 60 66 13 0.2 5.5
751k-800k 40 43 7 0.2 5.6
801k-850k 23 36 6 0.3 3.8
851k-900k 43 25 3 0.1 10.3
901k-950k 24 20 6 0.1 7.2
951k-1m 22 18 3 0.1 7.3
1m-1.1m 31 34 8 0.2 5.5
1.1m-1.2m 16 11 2 0.1 8.7
1.2m-1.3m 14 9 4 0.1 9.3
1.3m-1.4m 16 7 0.1 13.7
1.4m-1.5m 10 13 1 0.2 4.6
1.5m-1.6m 11 6 1 0.1 11
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 4 2 1 0.1 12
1.8m-1.9m 5 0
1.9m-2m 4 0
2m-2.25m 2 4 0.3 3
2.25m-2.5m 8 0
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 3 0
3.5m-4m 1 0

Townhouses 20% 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 1 3 0.5 2
301k-325k 2 4 0.3 3
326k-350k 5 3 0.1 10
351k-375k 4 6 0.3 4
376k-400k 4 8 3 0.3 3
401k-425k 6 3 2 0.1 12
426k-450k 5 3 0.1 10
451k-475k 15 12 6 0.1 7.5
476k-500k 13 8 6 0.1 9.8
501k-550k 7 4 0.1 10.5
551k-600k 9 2 0 27
601k-650k 3 2 0.1 9
651k-700k 1 0
751k-800k 1 0.2 0

Condos 12% 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
226k-250k 1 0.2 0
251k-275k 1 0
301k-325k 1 0
326k-350k 1 0.2 0
351k-375k 5 3 0.1 10
376k-400k 1 4 1 0.7 1.5
401k-425k 2 3 1 0.3 4
426k-450k 2 3 0.3 4
451k-475k 3 3 0.2 6
476k-500k 1 6 1 1
501k-550k 4 8 2 0.3 3
551k-600k 6 1 0 36
601k-650k 7 0
751k-800k 1 0
801k-850k 1 0
901k-950k 1 0

Land 4% 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
26k-50k 4 1 1 0 24
76k-100k 1 1 0.2 6
101k-125k 3 0.5 0
126k-150k 6 1 0 36
151k-175k 4 0
176k-200k 3 2 0.1 9
201k-225k 1 2 0.3 3
226k-250k 1 1 0.2 6
251k-275k 5 0
276k-300k 4 0
301k-325k 1 0
326k-350k 3 0.5 0
351k-375k 1 0
376k-400k 3 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 2 0
551k-600k 3 0
601k-650k 3 1 0.1 18
651k-700k 1 0
701k-750k 2 0
801k-850k 2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1.2m-1.3m 2 1 0.1 12
1.6m-1.7m 2 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0