Supply & Demand in Lithonia, 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 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
76k-100k 1 2 0.3 3
101k-125k 3 0.5 0
126k-150k 2 4 0.3 3
151k-175k 9 14 3 0.3 3.9
176k-200k 19 25 4 0.2 4.6
201k-225k 43 43 11 0.2 6
226k-250k 54 55 8 0.2 5.9
251k-275k 47 71 7 0.3 4
276k-300k 39 48 12 0.2 4.9
301k-325k 21 27 2 0.2 4.7
326k-350k 23 26 2 0.2 5.3
351k-375k 22 32 2 0.2 4.1
376k-400k 25 29 2 0.2 5.2
401k-425k 9 18 2 0.3 3
426k-450k 10 4 1 0.1 15
451k-475k 3 5 1 0.3 3.6
476k-500k 3 1 0.1 18
501k-550k 1 3 0.5 2
551k-600k 4 1 0 24
651k-700k 5 2 1 0.1 15
701k-750k 2 1 0.1 12
751k-800k 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
2.75m-3m 1 0

Townhouses 7% 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
101k-125k 2 0.3 0
126k-150k 7 10 0.2 4.2
151k-175k 8 4 0.1 12
176k-200k 13 13 2 0.2 6
201k-225k 20 8 1 0.1 15
226k-250k 19 10 0.1 11.4
251k-275k 11 5 0.1 13.2
276k-300k 8 22 1 0.5 2.2
301k-325k 11 10 2 0.2 6.6
326k-350k 1 0

Condos 5% 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
51k-75k 4 3 0.1 8
76k-100k 11 4 0.1 16.5
101k-125k 11 4 2 0.1 16.5
126k-150k 9 1 0 54
151k-175k 1 1 0.2 6
176k-200k 1 0
201k-225k 1 1 0.2 6

Land 4% 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 5 1 1 0 30
26k-50k 11 2 0 33
51k-75k 7 1 1 0 42
101k-125k 1 1 0.2 6
126k-150k 2 1 0.1 12
176k-200k 3 0
201k-225k 1 0
251k-275k 1 0
276k-300k 1 0
301k-325k 1 0
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 1 0
501k-550k 1 0
751k-800k 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0