Supply & Demand in Powder Springs, 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 19% 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 0.2 0
126k-150k 2 1 0.3 0
176k-200k 1 0
201k-225k 1 7 1.2 0.9
226k-250k 2 8 2 0.7 1.5
251k-275k 2 17 2 1.4 0.7
276k-300k 14 32 9 0.4 2.6
301k-325k 15 26 1 0.3 3.5
326k-350k 25 44 5 0.3 3.4
351k-375k 20 29 2 0.2 4.1
376k-400k 15 25 2 0.3 3.6
401k-425k 13 17 0.2 4.6
426k-450k 13 15 2 0.2 5.2
451k-475k 10 13 2 0.2 4.6
476k-500k 15 16 3 0.2 5.6
501k-550k 12 25 1 0.3 2.9
551k-600k 8 17 1 0.4 2.8
601k-650k 6 16 2 0.4 2.3
651k-700k 13 15 4 0.2 5.2
701k-750k 5 13 1 0.4 2.3
751k-800k 16 8 1 0.1 12
801k-850k 6 3 0.1 12
851k-900k 3 2 0.1 9
901k-950k 2 2 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 4 3 0.1 8
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 1 0
1.9m-2m 2 1 0.1 12
2.25m-2.5m 1 0
6.01m-7m 1 0.2 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
151k-175k 5 1 0.8 0
176k-200k 1 2 0.3 3
201k-225k 1 3 1 0.5 2
251k-275k 1 4 1 0.7 1.5
276k-300k 1 2 0.3 3
301k-325k 2 1 1 0.1 12
326k-350k 7 4 0.1 10.5
351k-375k 13 7 0.1 11.1
376k-400k 14 3 1 0 28
401k-425k 2 0.3 0

Condos 0% 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 1 0
276k-300k 2 2 0.2 6
301k-325k 3 1 0.1 18
326k-350k 1 1 0.2 6
351k-375k 2 0.3 0
376k-400k 2 0

Land 8% 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 1 1 0.2 6
26k-50k 1 1 0.2 6
51k-75k 1 1 0.2 6
76k-100k 4 2 0.1 12
101k-125k 1 0.2 0
126k-150k 1 1 0.2 6
151k-175k 2 0.3 0
176k-200k 1 0
201k-225k 1 1 0.2 6
251k-275k 1 1 0.2 6
276k-300k 2 1 0.1 12
301k-325k 1 0.2 0
326k-350k 1 0
426k-450k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 1 0.2 6
701k-750k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0
2.75m-3m 1 0
14.01m-15m 1 0