Absorption Report

Mecklenburg County, House

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 40% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 1 0.2 6
76k-100k 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 5 0.8 0
151k-175k 19 6 3.2 0
176k-200k 8 35 11 0.7 1.4
201k-225k 11 42 5 0.6 1.6
226k-250k 23 108 21 0.8 1.3
251k-275k 27 115 12 0.7 1.4
276k-300k 63 222 40 0.6 1.7
301k-325k 74 256 38 0.6 1.7
326k-350k 110 322 51 0.5 2
351k-375k 131 289 44 0.4 2.7
376k-400k 133 416 59 0.5 1.9
401k-425k 100 264 50 0.4 2.3
426k-450k 95 276 37 0.5 2.1
451k-475k 61 215 36 0.6 1.7
476k-500k 86 223 48 0.4 2.3
501k-550k 132 338 44 0.4 2.3
551k-600k 105 352 62 0.6 1.8
601k-650k 96 291 36 0.5 2
651k-700k 93 230 40 0.4 2.4
701k-750k 56 196 32 0.6 1.7
751k-800k 62 157 20 0.4 2.4
801k-850k 43 134 19 0.5 1.9
851k-900k 34 109 18 0.5 1.9
901k-950k 25 89 8 0.6 1.7
951k-1m 27 77 15 0.5 2.1
1m-1.1m 20 98 17 0.8 1.2
1.1m-1.2m 19 92 14 0.8 1.2
1.2m-1.3m 15 86 13 1 1
1.3m-1.4m 18 49 7 0.5 2.2
1.4m-1.5m 20 42 8 0.4 2.9
1.5m-1.6m 17 45 4 0.4 2.3
1.6m-1.7m 10 35 4 0.6 1.7
1.7m-1.8m 19 26 4 0.2 4.4
1.8m-1.9m 10 23 3 0.4 2.6
1.9m-2m 21 23 3 0.2 5.5
2m-2.25m 12 36 6 0.5 2
2.25m-2.5m 13 23 2 0.3 3.4
2.5m-2.75m 8 18 1 0.4 2.7
2.75m-3m 3 14 6 0.8 1.3
3m-3.5m 14 19 4 0.2 4.4
3.5m-4m 9 10 3 0.2 5.4
4m-4.5m 4 10 2 0.4 2.4
4.5m-5m 2 5 1 0.4 2.4
5.01m-6m 7 3 0.1 14
6.01m-7m 5 3 0.1 10
7.01m-8m 1 1 0.2 6
8.01m-9m 2 1 0.1 12
9.01m-10m 1 0
10.01m-11m 1 0
11.01m-12m 1 0.2 0
13.01m-14m 3 0
14.01m-15m 1 0
15.01m-16m 1 0
18.01m-19m 1 0