Absorption Report

Mount Holly Middle, Belmont, Mount Holly, Stanley, NC

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.

How is Absorption Rate calculated? How is Months of Inventory calculated?

Seller's Market	Balanced Market	Buyer's Market
< 5 months Inventory	5 months Inventory	> 5 months Inventory

Houses 41% of available homes are currently under contract

List Price	Available	Sold Last 6 Months	Under Contract Last 30 days	Absorption Rate	Months of Inventory
151k-175k		2	1	0.3	0

$175,000 303 Horseshoe Dr. Mount Holly, NC $173,000 331 Highland St. Mount Holly, NC
$173,000 331 Highland St. Mount Holly, NC
176k-200k	1	2		0.3	3
$195,000 623 Noles Dr. Mount Holly, NC
$185,000 102 Cline St. Mount Holly, NC $198,000 336 Valley St. Mount Holly, NC

201k-225k	1	2	1	0.3	3
$225,000 305 Belton Ave. Mount Holly, NC
$210,000 102 Bell St. Mount Holly, NC $210,000 911 Old Hickory Grove Rd. Mount Holly, NC
$210,000 911 Old Hickory Grove Rd. Mount Holly, NC
226k-250k	2			0
$250,000 308 W Charlotte Ave. Mount Holly, NC $229,900 142 Alsace St. Mount Holly, NC


251k-275k	1	2	1	0.3	3
$262,000 120 Morris Ave. Mount Holly, NC
$258,750 626 Woodlawn Ave. Mount Holly, NC $275,000 207 Belton Ave. Mount Holly, NC
$275,000 207 Belton Ave. Mount Holly, NC
276k-300k	2	6	1	0.5	2
$287,000 527 Costner St. Mount Holly, NC $289,900 114 Nantz Ave. Mount Holly, NC
$278,000 111 Green Acres Rd. Mount Holly, NC $299,000 513 N Main St. Mount Holly, NC $300,000 109 Church St. Mount Holly, NC $295,000 101 Adrian St. Mount Holly, NC $285,000 233 W Catawba Ave. Mount Holly, NC $298,000 106 Superior Yarn Rd. Mount Holly, NC
$300,000 109 Church St. Mount Holly, NC
301k-325k	2	7	1	0.6	1.7
$320,000 643 Lowland Dairy Rd. Mount Holly, NC $315,000 107 Dawn Dr. Mount Holly, NC
$325,000 1604 N Main St. Mount Holly, NC $310,000 310 Walnut Ave. Mount Holly, NC $325,000 125 Lantana Dr. Mount Holly, NC $325,000 132 Crestwood Dr. Mount Holly, NC $320,000 640 Deerfield Dr. Mount Holly, NC $325,000 407 W Charlotte Ave. Mount Holly, NC $324,900 524 Timberlane Dr. Mount Holly, NC
$324,900 524 Timberlane Dr. Mount Holly, NC
326k-350k		6		1	0

$345,000 108 Crestwood Dr. Mount Holly, NC $348,000 386 Moses Rhyne Dr. Mount Holly, NC $340,000 101 Ashton Bluff Cir. Mount Holly, NC $343,000 133 Brookstone Dr. Mount Holly, NC $347,000 109 Whitby Dr. Mount Holly, NC $350,000 206 Summit Ave. Mount Holly, NC

351k-375k	6	10		0.3	3.6
$369,900 401 Dutchmans Meadow Dr. Mount Holly, NC $360,000 504 Zander Woods Ct. Mount Holly, NC $355,000 100 S Padali Ct. Mount Holly, NC $375,000 441 Holly Cir. Mount Holly, NC $375,000 108 Morning Dew Ln. Mount Holly, NC $359,405 518 Adaline Dr. #9 Mount Holly, NC
$372,000 305 E Catawba Dr. Mount Holly, NC $371,000 129 Maggie Dr. Mount Holly, NC $365,000 101 N Lane Rd. Mount Holly, NC $360,000 609 Spring St. Mount Holly, NC $369,740 520 Adaline Dr. #10 Mount Holly, NC $352,500 108 Arbridge Ct. Mount Holly, NC $375,000 203 Auten Cir. Mount Holly, NC $369,500 145 Crestwood Dr. Mount Holly, NC $370,000 117 Barrington Dr. Mount Holly, NC $369,900 1213 Mason Way Mount Holly, NC

376k-400k	4	7	2	0.3	3.4
$385,000 915 Timberlane Dr. Mount Holly, NC $399,970 608 Lispenard Ct. Mount Holly, NC $399,900 325 Ox Bow Cir. Mount Holly, NC $395,000 228 Morning Dew Ln. Mount Holly, NC
$378,000 1502 Rye Rd. Mount Holly, NC $376,000 721 Riddle St. Mount Holly, NC $379,050 522 Adaline Dr. #11 Mount Holly, NC $397,650 845 Deerfield Dr. Mount Holly, NC $389,900 344 Holly Dr. Mount Holly, NC $394,750 221 N Lee St. Mount Holly, NC $379,900 366 Holly Dr. Mount Holly, NC
$394,750 221 N Lee St. Mount Holly, NC $379,900 366 Holly Dr. Mount Holly, NC
401k-425k	5	7	1	0.2	4.3
$408,000 343 Ox Bow Cir. Mount Holly, NC $421,685 603 Lispenard Ct. Mount Holly, NC $419,000 3861 Rosewood Dr. Mount Holly, NC $419,000 5034 Clearwater Lake Rd. Mount Holly, NC $415,000 204 Planters Way Mount Holly, NC
$420,000 205 Margaret Hoffman Dr. Mount Holly, NC $409,150 101 Meadow Stream Dr. #76 Mount Holly, NC $405,000 140 Riverfront Pkwy. Mount Holly, NC $415,000 124 Rippling Water Dr. Mount Holly, NC $416,000 1114 Woodhaven Dr. Mount Holly, NC $410,000 109 Morning Dew Ln. Mount Holly, NC $425,000 264 Riverfront Pkwy. Mount Holly, NC
$425,000 264 Riverfront Pkwy. Mount Holly, NC
426k-450k	1	16	2	2.7	0.4
$449,900 1547 Rye Rd. Mount Holly, NC
$440,000 113 Kingston Dr. #4 Mount Holly, NC $430,000 172 Riverfront Pkwy. Mount Holly, NC $449,500 128 Fielding St. Mount Holly, NC $435,000 1711 N Main St. Mount Holly, NC $440,000 201 Rippling Water Dr. #57 Mount Holly, NC $425,957 3855 Rosewood Dr. Mount Holly, NC $449,000 213 Tasman Dr. Mount Holly, NC $430,000 121 Taylors Creek St. Mount Holly, NC $449,000 5108 Efird Draw Dr. #22 Mount Holly, NC $448,990 3739 Stanley Creek Dr. Mount Holly, NC $439,000 3837 Rosewood Dr. Mount Holly, NC $450,000 109 Maggie Dr. Mount Holly, NC $449,000 117 Taylors Creek St. Mount Holly, NC $450,000 429 Augustus Ln. Mount Holly, NC $430,000 321 Zander Woods Ct. Mount Holly, NC $435,000 122 Nantz Ave. Mount Holly, NC
$450,000 109 Maggie Dr. Mount Holly, NC $449,000 117 Taylors Creek St. Mount Holly, NC
451k-475k	1	3		0.5	2
$459,900 545 Deerfield Dr. #29 Mount Holly, NC
$475,000 5067 Mooreland Oaks Way #30 Mount Holly, NC $455,000 116 Mark Twain Ct. Mount Holly, NC $455,000 210 Oakwood Dr. Mount Holly, NC

476k-500k		4	2	0.7	0

$480,000 129 Picasso Tr. Mount Holly, NC $479,900 328 E Glendale Ave. Mount Holly, NC $490,000 429 Wheat Field Dr. Mount Holly, NC $499,900 205 Horseshoe Dr. Mount Holly, NC
$479,900 328 E Glendale Ave. Mount Holly, NC $499,900 205 Horseshoe Dr. Mount Holly, NC
501k-550k		1	1	0.2	0

$525,000 201 Wenda Pl. Mount Holly, NC
$525,000 201 Wenda Pl. Mount Holly, NC
551k-600k	1	1		0.2	6
$580,000 211 W Glendale Ave. Mount Holly, NC
$575,000 5500 Hickory Leaf Ct. Mount Holly, NC

601k-650k		1		0.2	0

$650,000 129 Moses Rhyne Dr. Mount Holly, NC

701k-750k		2	1	0.3	0

$750,000 309 Silvercliff Dr. Mount Holly, NC $747,700 109 Woodward Ridge Dr. Mount Holly, NC
$747,700 109 Woodward Ridge Dr. Mount Holly, NC
751k-800k		1		0.2	0

$766,000 121 Heron Cove Dr. Mount Holly, NC

851k-900k		1		0.2	0

$855,000 144 Lighthouse Rd. Mount Holly, NC

1.5m-1.6m		1		0.2	0

$1,535,000 325 Silvercliff Dr. Mount Holly, NC

Townhouses 100% of available homes are currently under contract

List Price	Sold Last 6 Months	Under Contract Last 30 days	Absorption Rate	Months of Inventory
226k-250k	2		0.3	0

$250,000 116 Canyon Ridge Dr. Mount Holly, NC $248,400 101 N Canyon Ridge Dr. Mount Holly, NC

276k-300k	2	1	0.3	0

$289,000 116 St Vincent Pl. Mount Holly, NC $282,000 209 Woodbridge Cir. Mount Holly, NC
$282,000 209 Woodbridge Cir. Mount Holly, NC
301k-325k	2	1	0.3	0

$320,000 217 Rock Ridge Ln. Mount Holly, NC $323,490 204 Langhorne Dr. Mount Holly, NC
$323,490 204 Langhorne Dr. Mount Holly, NC

Land 33% of available homes are currently under contract

List Price	Available	Sold Last 6 Months	Absorption Rate	Months of Inventory
26k-50k	1		0
$45,000 804 Pierce Ave. Mount Holly, NC


276k-300k	1		0
$300,000 5156 Stockbridge Dr. #45 Mount Holly, NC


401k-425k		1	0.2	0

$425,000 315 Robinson Ave. Mount Holly, NC