Supply & Demand in Kennesaw, 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 26% 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
-24,000-0 1 0
201k-225k 1 1 0.2 0
226k-250k 2 1 0.3 0
251k-275k 1 6 1 1 1
276k-300k 2 20 6 1.7 0.6
301k-325k 6 13 0.4 2.8
326k-350k 8 36 7 0.8 1.3
351k-375k 13 49 4 0.6 1.6
376k-400k 14 50 9 0.6 1.7
401k-425k 17 34 1 0.3 3
426k-450k 16 35 6 0.4 2.7
451k-475k 11 20 1 0.3 3.3
476k-500k 14 27 0.3 3.1
501k-550k 13 42 4 0.5 1.9
551k-600k 16 40 1 0.4 2.4
601k-650k 7 18 2 0.4 2.3
651k-700k 11 21 2 0.3 3.1
701k-750k 13 16 0.2 4.9
751k-800k 10 7 0.1 8.6
801k-850k 4 11 2 0.5 2.2
851k-900k 5 4 1 0.1 7.5
901k-950k 2 1 0.1 12
951k-1m 3 4 1 0.2 4.5
1m-1.1m 1 3 0.5 2
1.1m-1.2m 1 5 0.8 1.2
1.2m-1.3m 1 5 2 0.8 1.2
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 3 1 0.5 2
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 0
2.25m-2.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 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
201k-225k 2 0.3 0
226k-250k 1 0
251k-275k 3 6 1 0.3 3
276k-300k 4 12 2 0.5 2
301k-325k 11 9 0.1 7.3
326k-350k 17 12 1 0.1 8.5
351k-375k 7 3 0.1 14
376k-400k 6 2 0.1 18
401k-425k 2 5 1 0.4 2.4
426k-450k 8 7 0.1 6.9
451k-475k 10 4 0.1 15
476k-500k 10 3 0.1 20
501k-550k 3 2 0.1 9
551k-600k 1 3 0.5 2
601k-650k 1 1 0.2 6
651k-700k 1 0
701k-750k 1 2 1 0.3 3
751k-800k 1 2 0.3 3

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
201k-225k 1 0.2 0
226k-250k 1 1 0.2 6
251k-275k 1 1 1 0.2 6
276k-300k 1 3 1 0.5 2
301k-325k 3 5 1 0.3 3.6
326k-350k 1 3 1 0.5 2
351k-375k 1 5 0.8 1.2
376k-400k 1 3 0.5 2
401k-425k 1 2 1 0.3 3
476k-500k 2 0.3 0
501k-550k 1 2 0.3 3
551k-600k 1 0

Land 0% 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 1 0
51k-75k 3 0
126k-150k 2 0
151k-175k 1 0
176k-200k 1 0
376k-400k 1 0
701k-750k 1 0.2 0
1m-1.1m 1 0
1.4m-1.5m 1 0