Supply & Demand in Woodstock, 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 25% 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
251k-275k 1 3 0.5 2
276k-300k 3 14 2 0.8 1.3
301k-325k 7 21 2 0.5 2
326k-350k 13 33 6 0.4 2.4
351k-375k 14 40 8 0.5 2.1
376k-400k 13 52 7 0.7 1.5
401k-425k 13 46 3 0.6 1.7
426k-450k 25 55 9 0.4 2.7
451k-475k 15 44 7 0.5 2
476k-500k 19 31 3 0.3 3.7
501k-550k 32 72 13 0.4 2.7
551k-600k 23 37 5 0.3 3.7
601k-650k 30 52 2 0.3 3.5
651k-700k 24 33 3 0.2 4.4
701k-750k 17 37 4 0.4 2.8
751k-800k 12 23 4 0.3 3.1
801k-850k 13 20 2 0.3 3.9
851k-900k 9 20 1 0.4 2.7
901k-950k 13 9 1 0.1 8.7
951k-1m 6 9 1 0.3 4
1m-1.1m 7 8 2 0.2 5.3
1.1m-1.2m 4 7 0.3 3.4
1.2m-1.3m 4 7 1 0.3 3.4
1.3m-1.4m 4 1 0 24
1.4m-1.5m 6 1 0 36
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 3 1 0.1 18
1.9m-2m 1 1 1 0.2 6
2.75m-3m 1 0

Townhouses 16% 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
251k-275k 1 4 0.7 1.5
276k-300k 4 0.7 0
301k-325k 1 1 0.2 6
326k-350k 7 18 4 0.4 2.3
351k-375k 12 3 1 0 24
376k-400k 18 17 0.2 6.4
401k-425k 11 9 0.1 7.3
426k-450k 14 6 2 0.1 14
451k-475k 5 5 0.2 6
476k-500k 8 5 0.1 9.6
501k-550k 8 9 0.2 5.3
551k-600k 4 4 0.2 6
601k-650k 5 4 0.1 7.5
651k-700k 1 4 0.7 1.5
701k-750k 2 3 0.3 4
751k-800k 5 1 0.8 0
801k-850k 4 1 0.7 0
851k-900k 3 1 0.1 18
901k-950k 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0

Condos 35% 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
251k-275k 1 0.2 0
276k-300k 1 1 0.2 0
326k-350k 1 1 0.2 6
351k-375k 1 0
376k-400k 1 2 0.3 3
401k-425k 3 4 0.2 4.5
426k-450k 2 2 2 0.2 6
451k-475k 2 0.3 0
476k-500k 1 1 0.2 0
501k-550k 3 1 1 0.1 18
551k-600k 2 0
751k-800k 1 0
951k-1m 1 0
1.1m-1.2m 1 0.2 0
1.3m-1.4m 1 1 0.2 0
1.4m-1.5m 1 0
2.75m-3m 1 0

Land 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
1k-25k 1 1 1 0.2 6
26k-50k 1 0.2 0
51k-75k 1 1 1 0.2 6
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 0
151k-175k 1 0.2 0
176k-200k 1 0
201k-225k 1 1 1 0.2 6
251k-275k 2 0
276k-300k 2 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
551k-600k 1 1 0.2 6
701k-750k 2 1 0.3 0
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
4.5m-5m 1 0
5.01m-6m 1 0