Absorption Report

Charlotte, NC, Townhouse

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

Townhouses 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
151k-175k 2 4 1 0.3 3
176k-200k 5 8 4 0.3 3.8
201k-225k 8 24 5 0.5 2
226k-250k 18 49 8 0.5 2.2
251k-275k 27 82 12 0.5 2
276k-300k 40 80 7 0.3 3
301k-325k 20 71 6 0.6 1.7
326k-350k 49 109 17 0.4 2.7
351k-375k 55 106 11 0.3 3.1
376k-400k 29 68 9 0.4 2.6
401k-425k 26 83 16 0.5 1.9
426k-450k 47 87 13 0.3 3.2
451k-475k 31 58 13 0.3 3.2
476k-500k 20 38 6 0.3 3.2
501k-550k 47 60 7 0.2 4.7
551k-600k 47 61 7 0.2 4.6
601k-650k 29 34 3 0.2 5.1
651k-700k 17 31 9 0.3 3.3
701k-750k 15 42 4 0.5 2.1
751k-800k 18 18 4 0.2 6
801k-850k 7 11 1 0.3 3.8
851k-900k 8 7 0.1 6.9
901k-950k 5 3 1 0.1 10
951k-1m 5 11 1 0.4 2.7
1m-1.1m 3 5 1 0.3 3.6
1.1m-1.2m 5 5 0.2 6
1.2m-1.3m 5 4 0.1 7.5
1.3m-1.4m 3 5 0.3 3.6
1.4m-1.5m 1 3 0.5 2
1.5m-1.6m 1 1 0.2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 2 0.3 0
2m-2.25m 1 0
2.25m-2.5m 2 0.3 0
3m-3.5m 1 0.2 0