Supply & Demand in Lawrenceville, 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
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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
101k-125k 1 0
201k-225k 2 0.3 0
226k-250k 9 1.5 0
251k-275k 3 14 1 0.8 1.3
276k-300k 10 32 6 0.5 1.9
301k-325k 14 70 7 0.8 1.2
326k-350k 47 114 16 0.4 2.5
351k-375k 69 123 7 0.3 3.4
376k-400k 68 111 10 0.3 3.7
401k-425k 44 79 7 0.3 3.3
426k-450k 44 74 9 0.3 3.6
451k-475k 45 40 3 0.1 6.8
476k-500k 27 51 5 0.3 3.2
501k-550k 68 51 6 0.1 8
551k-600k 43 41 4 0.2 6.3
601k-650k 19 16 3 0.1 7.1
651k-700k 15 6 0.1 15
701k-750k 2 8 3 0.7 1.5
751k-800k 5 3 1 0.1 10
801k-850k 6 0
851k-900k 4 6 1 0.3 4
901k-950k 4 0.7 0
951k-1m 4 1 1 0 24
1m-1.1m 2 4 1 0.3 3
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 6 0
1.4m-1.5m 5 1 0 30
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 7 0
1.8m-1.9m 1 0
2.75m-3m 2 0
9.01m-10m 1 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 1 5 1 0.8 1.2
226k-250k 4 5 0.2 4.8
251k-275k 8 16 1 0.3 3
276k-300k 13 20 2 0.3 3.9
301k-325k 14 10 2 0.1 8.4
326k-350k 6 12 2 0.3 3
351k-375k 25 34 3 0.2 4.4
376k-400k 27 32 2 0.2 5.1
401k-425k 13 13 2 0.2 6
426k-450k 15 10 3 0.1 9
451k-475k 3 2 0.5 0
476k-500k 7 0
501k-550k 1 1 0.2 6

Condos 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
176k-200k 2 0.3 0
201k-225k 1 2 0.3 3
226k-250k 2 1 0.1 12
251k-275k 1 4 0.7 1.5
276k-300k 1 0.2 0
351k-375k 1 1 0.2 6
426k-450k 1 0
476k-500k 1 0

Land 15% 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 1 0.2 6
51k-75k 2 3 0.3 4
101k-125k 1 4 0.7 1.5
126k-150k 1 2 0.3 3
151k-175k 3 0
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
326k-350k 1 0
426k-450k 1 0.2 0
476k-500k 1 0
551k-600k 1 1 0.2 6
601k-650k 2 0
651k-700k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0