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 5 1 0.1 8.4
201k-225k 8 25 5 0.5 1.9
226k-250k 20 47 7 0.4 2.6
251k-275k 28 83 13 0.5 2
276k-300k 41 81 13 0.3 3
301k-325k 22 81 11 0.6 1.6
326k-350k 46 113 21 0.4 2.4
351k-375k 54 107 16 0.3 3
376k-400k 31 78 10 0.4 2.4
401k-425k 33 80 9 0.4 2.5
426k-450k 51 88 13 0.3 3.5
451k-475k 29 57 12 0.3 3.1
476k-500k 20 39 11 0.3 3.1
501k-550k 43 62 9 0.2 4.2
551k-600k 49 72 11 0.2 4.1
601k-650k 29 34 4 0.2 5.1
651k-700k 24 25 3 0.2 5.8
701k-750k 19 43 4 0.4 2.7
751k-800k 20 17 4 0.1 7.1
801k-850k 7 12 2 0.3 3.5
851k-900k 8 9 0.2 5.3
901k-950k 6 3 0.1 12
951k-1m 2 14 5 1.2 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 2 0.3 3
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