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 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
151k-175k 1 2 0.3 3
201k-225k 2 0.3 0
226k-250k 1 1 0.2 6
251k-275k 3 2 1 0.1 9
276k-300k 3 13 2 0.7 1.4
301k-325k 2 11 1 0.9 1.1
326k-350k 3 13 1 0.7 1.4
351k-375k 8 14 3 0.3 3.4
376k-400k 11 31 2 0.5 2.1
401k-425k 14 34 4 0.4 2.5
426k-450k 19 43 9 0.4 2.7
451k-475k 23 45 4 0.3 3.1
476k-500k 33 61 5 0.3 3.2
501k-550k 67 120 10 0.3 3.4
551k-600k 78 94 12 0.2 5
601k-650k 78 117 18 0.3 4
651k-700k 85 125 13 0.2 4.1
701k-750k 60 90 14 0.3 4
751k-800k 79 64 11 0.1 7.4
801k-850k 38 51 10 0.2 4.5
851k-900k 38 39 9 0.2 5.8
901k-950k 27 40 2 0.2 4.1
951k-1m 22 34 2 0.3 3.9
1m-1.1m 33 50 2 0.3 4
1.1m-1.2m 28 28 2 0.2 6
1.2m-1.3m 15 10 2 0.1 9
1.3m-1.4m 10 12 0.2 5
1.4m-1.5m 12 8 1 0.1 9
1.5m-1.6m 14 6 0.1 14
1.6m-1.7m 6 2 1 0.1 18
1.7m-1.8m 8 4 0.1 12
1.8m-1.9m 5 2 0.1 15
1.9m-2m 6 3 0.1 12
2m-2.25m 1 3 0.5 2
2.25m-2.5m 4 5 1 0.2 4.8
2.5m-2.75m 4 4 0.2 6
2.75m-3m 3 4 2 0.2 4.5
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0.2 0

Townhouses 13% 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 0.3 0
301k-325k 4 4 0.2 6
326k-350k 5 8 0.3 3.8
351k-375k 4 8 0.3 3
376k-400k 8 12 3 0.3 4
401k-425k 1 4 0.7 1.5
426k-450k 5 2 1 0.1 15
451k-475k 6 7 0.2 5.1
476k-500k 4 7 0.3 3.4
501k-550k 17 15 0.1 6.8
551k-600k 9 4 0.1 13.5
601k-650k 4 1 0 24
651k-700k 1 2 0.3 3
701k-750k 3 0.5 0
751k-800k 1 0.2 0
801k-850k 1 0

Condos 18% 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 1 0.2 6
301k-325k 1 0.2 0
326k-350k 1 2 1 0.3 3
351k-375k 2 0.3 0
376k-400k 5 3 1 0.1 10
401k-425k 3 8 2 0.4 2.3
426k-450k 3 6 0.3 3
451k-475k 9 1 1.5 0
476k-500k 6 4 0.1 9
501k-550k 4 9 1 0.4 2.7
551k-600k 9 2 0 27
601k-650k 3 0
651k-700k 1 0.2 0
701k-750k 1 1 0.2 6

Land 6% 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 4 1 0 24
51k-75k 3 0
76k-100k 2 3 0.3 4
101k-125k 3 0.5 0
126k-150k 3 0.5 0
151k-175k 1 4 1 0.7 1.5
176k-200k 3 2 0.1 9
226k-250k 1 3 0.5 2
251k-275k 2 1 0.1 12
276k-300k 2 1 0.1 12
301k-325k 2 3 0.3 4
326k-350k 2 1 0.1 12
376k-400k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 7 1 0 42
601k-650k 1 2 0.3 3
651k-700k 1 0
701k-750k 3 0
751k-800k 1 0.2 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 3 0
1.7m-1.8m 1 0
2m-2.25m 2 0
2.25m-2.5m 3 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