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

Houses 23% 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 5 0.8 0
226k-250k 3 7 2 0.4 2.6
251k-275k 1 17 2.8 0.4
276k-300k 9 38 5 0.7 1.4
301k-325k 16 75 13 0.8 1.3
326k-350k 47 125 16 0.4 2.3
351k-375k 85 122 16 0.2 4.2
376k-400k 89 120 20 0.2 4.5
401k-425k 55 85 4 0.3 3.9
426k-450k 55 95 10 0.3 3.5
451k-475k 51 59 8 0.2 5.2
476k-500k 34 57 6 0.3 3.6
501k-550k 65 67 9 0.2 5.8
551k-600k 44 53 6 0.2 5
601k-650k 24 19 3 0.1 7.6
651k-700k 13 13 1 0.2 6
701k-750k 4 8 0.3 3
751k-800k 6 3 1 0.1 12
801k-850k 5 3 0.1 10
851k-900k 5 5 0.2 6
901k-950k 5 1 0.8 0
951k-1m 2 1 0.1 12
1m-1.1m 4 3 0.1 8
1.1m-1.2m 1 3 1 0.5 2
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 4 1 0 24
1.4m-1.5m 6 1 0 36
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2.75m-3m 2 0
9.01m-10m 1 0

Townhouses 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 0.3 0
201k-225k 3 3 0.2 6
226k-250k 5 5 1 0.2 6
251k-275k 2 12 4 1 1
276k-300k 19 22 2 0.2 5.2
301k-325k 17 14 1 0.1 7.3
326k-350k 11 16 3 0.2 4.1
351k-375k 19 30 7 0.3 3.8
376k-400k 23 33 8 0.2 4.2
401k-425k 15 19 2 0.2 4.7
426k-450k 12 12 3 0.2 6
451k-475k 4 0
476k-500k 3 0
501k-550k 2 1 1 0.1 12

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
176k-200k 1 2 0.3 3
201k-225k 2 0.3 0
226k-250k 2 1 0.3 0
251k-275k 2 5 0.4 2.4
276k-300k 1 2 0.3 3
301k-325k 1 0
351k-375k 2 4 0.3 3
426k-450k 1 0
476k-500k 1 0

Land 24% 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 3 1 0.5 2
51k-75k 3 0.5 0
76k-100k 1 3 0.5 2
101k-125k 1 3 0.5 2
126k-150k 1 2 0.3 3
151k-175k 2 1 0.1 12
176k-200k 1 1 0.2 6
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
326k-350k 2 0
426k-450k 1 0.2 0
476k-500k 1 0
551k-600k 1 0.2 0
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
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0