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 30% 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 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 6 1 1 0
126k-150k 5 0.8 0
151k-175k 2 10 1 0.8 1.2
176k-200k 8 26 3 0.5 1.8
201k-225k 13 44 4 0.6 1.8
226k-250k 25 45 10 0.3 3.3
251k-275k 18 52 9 0.5 2.1
276k-300k 36 41 8 0.2 5.3
301k-325k 10 17 3 0.3 3.5
326k-350k 17 29 5 0.3 3.5
351k-375k 16 25 4 0.3 3.8
376k-400k 11 25 3 0.4 2.6
401k-425k 4 13 1 0.5 1.8
426k-450k 3 3 1 0.2 6
451k-475k 3 1 0.1 18
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 1 0.2 6
651k-700k 1 2 1 0.3 3
701k-750k 1 0
751k-800k 1 0
901k-950k 1 0

Townhouses 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
76k-100k 2 1 0.1 12
101k-125k 3 1 0.1 18
126k-150k 6 6 1 0.2 6
151k-175k 10 7 1 0.1 8.6
176k-200k 13 8 3 0.1 9.8
201k-225k 21 11 1 0.1 11.5
226k-250k 10 4 0.1 15
251k-275k 11 9 4 0.1 7.3
276k-300k 15 13 1 0.1 6.9
301k-325k 9 2 0 27
326k-350k 2 1 1 0.1 12

Condos 13% 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 1 0.2 6
51k-75k 1 5 0.8 1.2
76k-100k 7 12 3 0.3 3.5
101k-125k 12 3 0 24
126k-150k 8 0
151k-175k 2 0
176k-200k 1 0
201k-225k 1 0
251k-275k 1 0

Land % 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 4 1 0 24
26k-50k 8 2 0 24
51k-75k 5 0
76k-100k 2 0
101k-125k 1 0
151k-175k 1 0.2 0
176k-200k 4 0
201k-225k 1 0
251k-275k 2 0
276k-300k 1 0
351k-375k 1 0
451k-475k 1 0
476k-500k 2 0
701k-750k 1 0
801k-850k 1 0
1.2m-1.3m 2 0
1.9m-2m 2 0
3m-3.5m 1 0