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 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 2 4 1 0.3 3
176k-200k 7 6 2 0.1 7
201k-225k 7 25 5 0.6 1.7
226k-250k 20 48 7 0.4 2.5
251k-275k 27 83 12 0.5 2
276k-300k 38 81 14 0.4 2.8
301k-325k 23 81 9 0.6 1.7
326k-350k 46 111 19 0.4 2.5
351k-375k 55 106 12 0.3 3.1
376k-400k 31 76 7 0.4 2.4
401k-425k 32 78 8 0.4 2.5
426k-450k 48 86 14 0.3 3.3
451k-475k 30 58 10 0.3 3.1
476k-500k 20 37 10 0.3 3.2
501k-550k 42 64 9 0.3 3.9
551k-600k 49 71 11 0.2 4.1
601k-650k 28 34 3 0.2 4.9
651k-700k 23 25 4 0.2 5.5
701k-750k 18 44 4 0.4 2.5
751k-800k 20 18 5 0.2 6.7
801k-850k 7 11 1 0.3 3.8
851k-900k 8 9 0.2 5.3
901k-950k 6 3 0.1 12
951k-1m 2 13 5 1.1 0.9
1m-1.1m 5 5 0.2 6
1.1m-1.2m 5 6 0.2 5
1.2m-1.3m 4 4 1 0.2 6
1.3m-1.4m 2 5 0.4 2.4
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 1 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 1 0.2 0