Absorption Report: Charlotte, NC | Homes by Marco

Absorption Report


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 38% 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 2 1 0.3 0
76k-100k 1 1 0.2 0
101k-125k 1 0.2 0
126k-150k 5 0.8 0
151k-175k 18 3 0
176k-200k 5 34 7 1.1 0.9
201k-225k 8 36 2 0.8 1.3
226k-250k 15 97 8 1.1 0.9
251k-275k 22 114 13 0.9 1.2
276k-300k 48 178 17 0.6 1.6
301k-325k 63 242 24 0.6 1.6
326k-350k 91 249 20 0.5 2.2
351k-375k 89 237 44 0.4 2.3
376k-400k 86 329 42 0.6 1.6
401k-425k 55 229 38 0.7 1.4
426k-450k 78 171 23 0.4 2.7
451k-475k 37 139 17 0.6 1.6
476k-500k 50 130 17 0.4 2.3
501k-550k 61 209 22 0.6 1.8
551k-600k 66 181 21 0.5 2.2
601k-650k 65 169 9 0.4 2.3
651k-700k 30 126 14 0.7 1.4
701k-750k 18 113 10 1 1
751k-800k 44 77 5 0.3 3.4
801k-850k 15 75 6 0.8 1.2
851k-900k 27 60 7 0.4 2.7
901k-950k 11 55 4 0.8 1.2
951k-1m 9 51 3 0.9 1.1
1m-1.1m 9 57 3 1.1 0.9
1.1m-1.2m 4 51 3 2.1 0.5
1.2m-1.3m 6 50 4 1.4 0.7
1.3m-1.4m 9 28 4 0.5 1.9
1.4m-1.5m 19 27 3 0.2 4.2
1.5m-1.6m 6 33 4 0.9 1.1
1.6m-1.7m 8 21 0.4 2.3
1.7m-1.8m 15 21 3 0.2 4.3
1.8m-1.9m 5 13 1 0.4 2.3
1.9m-2m 10 15 1 0.3 4
2m-2.25m 9 19 1 0.4 2.8
2.25m-2.5m 4 11 0.5 2.2
2.5m-2.75m 4 10 1 0.4 2.4
2.75m-3m 2 9 0.8 1.3
3m-3.5m 6 6 0.2 6
3.5m-4m 5 11 2 0.4 2.7
4m-4.5m 2 5 0.4 2.4
4.5m-5m 2 2 0.2 6
5.01m-6m 1 2 0.3 3
6.01m-7m 3 2 0.1 9
7.01m-8m 1 0.2 0
8.01m-9m 1 0
13.01m-14m 2 0

Townhouses 34% 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 1 5 1 0.8 1.2
176k-200k 6 5 0.1 7.2
201k-225k 6 23 4 0.6 1.6
226k-250k 14 51 8 0.6 1.6
251k-275k 22 80 11 0.6 1.7
276k-300k 33 89 20 0.4 2.2
301k-325k 31 61 6 0.3 3
326k-350k 33 109 15 0.6 1.8
351k-375k 56 104 13 0.3 3.2
376k-400k 44 61 3 0.2 4.3
401k-425k 34 70 6 0.3 2.9
426k-450k 41 87 12 0.4 2.8
451k-475k 30 56 5 0.3 3.2
476k-500k 26 38 4 0.2 4.1
501k-550k 44 53 8 0.2 5
551k-600k 45 57 8 0.2 4.7
601k-650k 26 30 4 0.2 5.2
651k-700k 14 31 3 0.4 2.7
701k-750k 13 40 4 0.5 2
751k-800k 17 15 1 0.1 6.8
801k-850k 4 10 1 0.4 2.4
851k-900k 8 5 1 0.1 9.6
901k-950k 5 1 1 0 30
951k-1m 4 10 0.4 2.4
1m-1.1m 1 4 0.7 1.5
1.1m-1.2m 2 5 1 0.4 2.4
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 3 4 0.2 4.5
1.4m-1.5m 1 3 0.5 2
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 2 0.3 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 0

Condos 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
76k-100k 1 0.2 0
101k-125k 2 13 3 1.1 0.9
126k-150k 14 17 3 0.2 4.9
151k-175k 9 23 2 0.4 2.3
176k-200k 23 35 6 0.3 3.9
201k-225k 22 27 3 0.2 4.9
226k-250k 26 42 5 0.3 3.7
251k-275k 25 45 9 0.3 3.3
276k-300k 23 58 3 0.4 2.4
301k-325k 22 43 6 0.3 3.1
326k-350k 12 31 1 0.4 2.3
351k-375k 16 38 1 0.4 2.5
376k-400k 6 29 4 0.8 1.2
401k-425k 21 22 1 0.2 5.7
426k-450k 9 17 1 0.3 3.2
451k-475k 9 13 0.2 4.2
476k-500k 9 8 0.1 6.8
501k-550k 6 17 2 0.5 2.1
551k-600k 6 18 0.5 2
601k-650k 7 17 2 0.4 2.5
651k-700k 3 7 1 0.4 2.6
701k-750k 6 1 0
751k-800k 1 1 1 0.2 6
801k-850k 2 1 0.1 12
851k-900k 1 2 0.3 3
901k-950k 1 0.2 0
951k-1m 1 0.2 0
1m-1.1m 5 0.8 0
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 3 0.5 0
1.6m-1.7m 1 4 0.7 1.5
1.7m-1.8m 2 0.3 0
1.9m-2m 3 3 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 1 2 0.3 3
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 2 1 0.1 12
4.5m-5m 1 0

Land 26% 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 2 1 1 0.1 12
26k-50k 3 5 0.3 3.6
51k-75k 2 9 2 0.8 1.3
76k-100k 8 13 2 0.3 3.7
101k-125k 4 8 0.3 3
126k-150k 5 10 0.3 3
151k-175k 4 1 0 24
176k-200k 7 13 3 0.3 3.2
201k-225k 7 2 0 21
226k-250k 7 4 0.1 10.5
251k-275k 3 2 0.1 9
276k-300k 12 2 1 0 36
301k-325k 4 4 0.2 6
326k-350k 5 2 0.1 15
351k-375k 4 2 0.1 12
376k-400k 6 7 2 0.2 5.1
401k-425k 5 1 0 30
426k-450k 2 3 1 0.3 4
451k-475k 2 0
476k-500k 3 2 0.1 9
501k-550k 3 1 0.1 18
551k-600k 6 2 0.1 18
601k-650k 6 3 0.1 12
651k-700k 8 4 0.1 12
701k-750k 3 2 0.1 9
751k-800k 2 1 0.1 12
801k-850k 1 3 1 0.5 2
851k-900k 5 0
901k-950k 3 1 0.1 18
951k-1m 5 2 1 0.1 15
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 4 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 4 1 0 24
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 2 0.2 6
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 2 1 0.1 12
1.9m-2m 3 2 0.1 9
2m-2.25m 3 0
2.25m-2.5m 4 3 0.1 8
2.75m-3m 2 2 0.2 6
3m-3.5m 3 0
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0.2 0
4.5m-5m 1 0