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 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
201k-225k 1 2 1 0.3 3
226k-250k 2 9 0.8 1.3
251k-275k 1 14 4 2.3 0.4
276k-300k 10 36 7 0.6 1.7
301k-325k 17 58 7 0.6 1.8
326k-350k 49 127 32 0.4 2.3
351k-375k 47 121 16 0.4 2.3
376k-400k 72 112 12 0.3 3.9
401k-425k 43 68 9 0.3 3.8
426k-450k 51 75 12 0.2 4.1
451k-475k 38 43 7 0.2 5.3
476k-500k 40 46 2 0.2 5.2
501k-550k 76 51 10 0.1 8.9
551k-600k 35 39 7 0.2 5.4
601k-650k 16 20 5 0.2 4.8
651k-700k 10 6 2 0.1 10
701k-750k 5 8 0.3 3.8
751k-800k 8 2 0 24
801k-850k 3 0
851k-900k 3 4 1 0.2 4.5
901k-950k 1 0.2 0
951k-1m 5 1 0 30
1m-1.1m 1 3 0.5 2
1.1m-1.2m 3 1 0.1 18
1.3m-1.4m 7 0
1.4m-1.5m 5 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 4 0
2m-2.25m 1 0
2.75m-3m 2 0
9.01m-10m 1 0.2 0

Townhouses 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
201k-225k 4 3 1 0.1 8
226k-250k 2 4 0.3 3
251k-275k 6 17 4 0.5 2.1
276k-300k 18 22 2 0.2 4.9
301k-325k 8 11 1 0.2 4.4
326k-350k 16 11 2 0.1 8.7
351k-375k 28 41 7 0.2 4.1
376k-400k 27 36 5 0.2 4.5
401k-425k 15 11 5 0.1 8.2
426k-450k 12 16 5 0.2 4.5
451k-475k 2 1 0.1 12
476k-500k 4 1 1 0 24

Condos 20% 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
201k-225k 2 2 0.2 6
226k-250k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 1 0.2 0
301k-325k 2 0
326k-350k 2 0
351k-375k 2 3 1 0.3 4
426k-450k 2 0
476k-500k 1 1 0.2 0

Land 11% 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 0.2 0
51k-75k 2 3 0.3 4
101k-125k 1 1 0.2 6
126k-150k 1 0
151k-175k 3 0
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
326k-350k 1 0
351k-375k 3 0
426k-450k 1 0.2 0
551k-600k 1 1 1 0.2 6
601k-650k 1 0
651k-700k 1 0
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0