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
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 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
101k-125k 1 0
126k-150k 1 0
176k-200k 1 0.2 0
201k-225k 5 0.8 0
226k-250k 10 3 1.7 0
251k-275k 5 14 1 0.5 2.1
276k-300k 7 31 5 0.7 1.4
301k-325k 14 79 14 0.9 1.1
326k-350k 52 128 22 0.4 2.4
351k-375k 60 147 20 0.4 2.4
376k-400k 88 155 19 0.3 3.4
401k-425k 56 114 13 0.3 2.9
426k-450k 66 112 20 0.3 3.5
451k-475k 40 75 8 0.3 3.2
476k-500k 46 71 10 0.3 3.9
501k-550k 62 84 11 0.2 4.4
551k-600k 64 62 10 0.2 6.2
601k-650k 33 27 4 0.1 7.3
651k-700k 13 20 2 0.3 3.9
701k-750k 9 9 2 0.2 6
751k-800k 2 6 0.5 2
801k-850k 3 7 0.4 2.6
851k-900k 2 3 2 0.3 4
901k-950k 3 7 2 0.4 2.6
951k-1m 1 2 0.3 3
1m-1.1m 3 4 1 0.2 4.5
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 1 4 0.7 1.5
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 2 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 1 0
2.75m-3m 2 0
9.01m-10m 1 0

Townhouses 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
-24,000-0 1 0
176k-200k 3 1 0.5 0
201k-225k 1 4 2 0.7 1.5
226k-250k 2 5 2 0.4 2.4
251k-275k 5 4 2 0.1 7.5
276k-300k 17 28 1 0.3 3.6
301k-325k 17 19 3 0.2 5.4
326k-350k 15 11 0.1 8.2
351k-375k 17 25 2 0.2 4.1
376k-400k 39 42 9 0.2 5.6
401k-425k 19 35 4 0.3 3.3
426k-450k 15 16 4 0.2 5.6
451k-475k 7 2 0 21
476k-500k 4 1 0 24
501k-550k 1 0

Condos 27% 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 0.2 0
176k-200k 2 1 0.3 0
201k-225k 1 0.2 0
226k-250k 1 3 0.5 2
251k-275k 2 3 2 0.3 4
276k-300k 3 4 0.2 4.5
326k-350k 1 0
351k-375k 4 1 0.7 0
376k-400k 2 0.3 0
426k-450k 1 0

Land 28% 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 2 0.3 0
26k-50k 4 0.7 0
51k-75k 1 3 1 0.5 2
76k-100k 1 4 0.7 1.5
101k-125k 1 4 1 0.7 1.5
126k-150k 1 1 1 0.2 6
151k-175k 3 0
176k-200k 2 0.3 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 2 0
326k-350k 1 0
426k-450k 1 1 0.2 0
476k-500k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0