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 21% 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 3 0.5 0
176k-200k 2 1 0.3 0
201k-225k 2 0.3 0
226k-250k 1 2 2 0.3 3
251k-275k 1 3 0.5 2
276k-300k 6 10 4 0.3 3.6
301k-325k 2 13 1 1.1 0.9
326k-350k 10 13 1 0.2 4.6
351k-375k 9 19 5 0.4 2.8
376k-400k 15 30 5 0.3 3
401k-425k 17 35 7 0.3 2.9
426k-450k 18 50 8 0.5 2.2
451k-475k 29 48 7 0.3 3.6
476k-500k 28 76 16 0.5 2.2
501k-550k 60 102 14 0.3 3.5
551k-600k 85 90 13 0.2 5.7
601k-650k 70 106 15 0.3 4
651k-700k 92 102 10 0.2 5.4
701k-750k 69 83 8 0.2 5
751k-800k 63 55 6 0.1 6.9
801k-850k 35 49 4 0.2 4.3
851k-900k 41 40 6 0.2 6.2
901k-950k 20 37 4 0.3 3.2
951k-1m 25 36 5 0.2 4.2
1m-1.1m 29 43 5 0.2 4
1.1m-1.2m 16 30 5 0.3 3.2
1.2m-1.3m 15 9 0.1 10
1.3m-1.4m 14 9 2 0.1 9.3
1.4m-1.5m 22 5 1 0 26.4
1.5m-1.6m 10 8 1 0.1 7.5
1.6m-1.7m 5 3 2 0.1 10
1.7m-1.8m 5 5 0.2 6
1.8m-1.9m 6 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 8 4 0.1 12
2.5m-2.75m 2 3 0.3 4
2.75m-3m 2 3 0.3 4
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0.2 0

Townhouses 11% 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 3 0.2 6
301k-325k 2 4 2 0.3 3
326k-350k 5 8 0.3 3.8
351k-375k 5 8 1 0.3 3.8
376k-400k 7 14 0.3 3
401k-425k 4 4 0.2 6
426k-450k 3 1 0.1 18
451k-475k 5 8 0.3 3.8
476k-500k 9 5 0.1 10.8
501k-550k 14 13 0.2 6.5
551k-600k 9 3 0.1 18
601k-650k 4 2 1 0.1 12
651k-700k 1 1 0.2 6
701k-750k 1 1 0.2 6
751k-800k 1 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
251k-275k 1 0
276k-300k 1 0
326k-350k 1 1 0.2 6
351k-375k 2 0
376k-400k 3 4 1 0.2 4.5
401k-425k 2 6 0.5 2
426k-450k 3 8 1 0.4 2.3
451k-475k 6 6 0.2 6
476k-500k 4 7 2 0.3 3.4
501k-550k 6 8 1 0.2 4.5
551k-600k 8 2 1 0 24
601k-650k 7 0
651k-700k 1 0.2 0
701k-750k 2 0.3 0

Land 16% 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 3 0.5 0
26k-50k 3 1 0.1 18
51k-75k 3 0
76k-100k 1 2 0.3 3
101k-125k 1 3 0.5 2
126k-150k 4 0.7 0
151k-175k 3 4 0.2 4.5
176k-200k 3 2 0.1 9
201k-225k 1 1 0.2 6
226k-250k 4 1 0.7 0
251k-275k 3 0
276k-300k 3 1 0.1 18
301k-325k 2 2 0.2 6
326k-350k 1 3 0.5 2
351k-375k 1 0.2 0
376k-400k 3 1 0.1 18
451k-475k 2 1 0.3 0
476k-500k 1 0.2 0
501k-550k 5 2 1 0.1 15
601k-650k 2 1 0.1 12
651k-700k 3 0
701k-750k 2 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 0
1.5m-1.6m 3 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 2 0