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 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
176k-200k 1 0.2 0
201k-225k 3 1 0.5 0
226k-250k 2 8 2 0.7 1.5
251k-275k 1 12 2 2 0.5
276k-300k 11 31 5 0.5 2.1
301k-325k 11 71 18 1.1 0.9
326k-350k 57 131 13 0.4 2.6
351k-375k 47 123 18 0.4 2.3
376k-400k 66 118 24 0.3 3.4
401k-425k 49 83 15 0.3 3.5
426k-450k 62 67 8 0.2 5.6
451k-475k 40 63 15 0.3 3.8
476k-500k 54 40 6 0.1 8.1
501k-550k 70 69 17 0.2 6.1
551k-600k 43 43 7 0.2 6
601k-650k 15 25 5 0.3 3.6
651k-700k 9 6 1 0.1 9
701k-750k 10 6 1 0.1 10
751k-800k 7 4 1 0.1 10.5
801k-850k 5 1 0 30
851k-900k 5 3 0.1 10
901k-950k 1 0
951k-1m 1 4 2 0.7 1.5
1m-1.1m 3 3 0.2 6
1.1m-1.2m 3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 8 2 0 24
1.4m-1.5m 6 0
1.5m-1.6m 1 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
9.01m-10m 1 0.2 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 5 4 1 0.1 7.5
226k-250k 3 2 0.1 9
251k-275k 10 16 2 0.3 3.8
276k-300k 20 18 5 0.2 6.7
301k-325k 12 10 3 0.1 7.2
326k-350k 15 14 4 0.2 6.4
351k-375k 31 43 5 0.2 4.3
376k-400k 30 41 4 0.2 4.4
401k-425k 8 8 2 0.2 6
426k-450k 11 21 4 0.3 3.1
451k-475k 1 4 2 0.7 1.5
476k-500k 2 1 0.1 12

Condos 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
126k-150k 1 1 0.2 6
176k-200k 2 1 0.3 0
201k-225k 2 0
226k-250k 1 1 0.2 6
251k-275k 3 1 0.1 18
276k-300k 2 3 1 0.3 4
301k-325k 2 0
326k-350k 2 0
351k-375k 1 4 0.7 1.5
426k-450k 1 0
451k-475k 1 0.2 0

Land 9% 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 2 0
51k-75k 2 3 0.3 4
101k-125k 3 0
126k-150k 1 1 0.2 0
151k-175k 3 0
176k-200k 3 0
201k-225k 1 0
226k-250k 2 0
251k-275k 1 0
326k-350k 1 0
351k-375k 3 0
501k-550k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
851k-900k 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
2.25m-2.5m 1 0