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 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
151k-175k 3 0.5 0
176k-200k 2 0.3 0
201k-225k 2 1 0.3 0
226k-250k 2 4 1 0.3 3
251k-275k 4 1 0.7 0
276k-300k 1 11 3 1.8 0.5
301k-325k 6 10 0.3 3.6
326k-350k 7 16 2 0.4 2.6
351k-375k 9 15 0.3 3.6
376k-400k 11 23 1 0.3 2.9
401k-425k 11 39 0.6 1.7
426k-450k 15 55 2 0.6 1.6
451k-475k 14 37 1 0.4 2.3
476k-500k 26 56 1 0.4 2.8
501k-550k 42 82 5 0.3 3.1
551k-600k 47 82 10 0.3 3.4
601k-650k 65 97 7 0.2 4
651k-700k 57 68 9 0.2 5
701k-750k 46 65 6 0.2 4.2
751k-800k 45 53 7 0.2 5.1
801k-850k 22 41 3 0.3 3.2
851k-900k 34 33 4 0.2 6.2
901k-950k 26 25 2 0.2 6.2
951k-1m 13 23 0.3 3.4
1m-1.1m 31 26 3 0.1 7.2
1.1m-1.2m 13 16 0.2 4.9
1.2m-1.3m 10 6 0.1 10
1.3m-1.4m 11 5 0.1 13.2
1.4m-1.5m 12 12 0.2 6
1.5m-1.6m 10 6 0.1 10
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 2 0
1.9m-2m 1 2 0.3 3
2m-2.25m 6 2 0.1 18
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 2 1 0.1 12
2.75m-3m 2 2 0.2 6
3m-3.5m 1 0
3.5m-4m 1 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
226k-250k 1 0
276k-300k 1 4 1 0.7 1.5
301k-325k 4 0.7 0
326k-350k 6 3 0.1 12
351k-375k 1 6 2 1 1
376k-400k 7 11 0.3 3.8
401k-425k 5 3 0.1 10
426k-450k 4 4 1 0.2 6
451k-475k 9 8 0.1 6.8
476k-500k 16 2 0 48
501k-550k 7 5 1 0.1 8.4
551k-600k 2 2 0.2 6
601k-650k 3 2 0.1 9
651k-700k 1 0
701k-750k 2 1 0.1 12
751k-800k 1 0.2 0

Condos 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
226k-250k 1 0.2 0
251k-275k 1 0
301k-325k 1 0
326k-350k 1 0.2 0
351k-375k 1 4 1 0.7 1.5
376k-400k 1 6 1 1 1
401k-425k 4 3 0.1 8
426k-450k 4 4 0.2 6
451k-475k 2 3 1 0.3 4
476k-500k 2 7 1 0.6 1.7
501k-550k 4 8 0.3 3
551k-600k 5 2 0.1 15
601k-650k 7 0
651k-700k 1 0
701k-750k 1 0.2 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 3 0
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 5 1 0 30
151k-175k 5 1 0 30
176k-200k 3 2 0.1 9
201k-225k 2 2 0.2 6
226k-250k 1 1 0.2 6
251k-275k 2 0
276k-300k 2 0
301k-325k 2 1 0.1 12
326k-350k 3 3 0.2 6
351k-375k 1 0.2 0
376k-400k 2 0
426k-450k 3 0
451k-475k 2 0.3 0
476k-500k 3 0
501k-550k 5 0
601k-650k 2 1 0.1 12
651k-700k 1 0
701k-750k 2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 1 0
1.6m-1.7m 2 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 1 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
7.01m-8m 2 0