Supply & Demand in Asheville, NC

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 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
51k-75k 1 0.2 0
76k-100k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 0.2 0
176k-200k 5 2 0.8 0
201k-225k 1 6 2 1 1
226k-250k 1 6 1 1 1
251k-275k 1 10 1.7 0.6
276k-300k 6 19 5 0.5 1.9
301k-325k 6 17 1 0.5 2.1
326k-350k 5 25 5 0.8 1.2
351k-375k 13 32 11 0.4 2.4
376k-400k 31 30 6 0.2 6.2
401k-425k 14 33 6 0.4 2.5
426k-450k 26 35 6 0.2 4.5
451k-475k 18 13 3 0.1 8.3
476k-500k 22 32 7 0.2 4.1
501k-550k 32 61 15 0.3 3.1
551k-600k 30 33 7 0.2 5.5
601k-650k 28 43 5 0.3 3.9
651k-700k 27 27 4 0.2 6
701k-750k 23 30 7 0.2 4.6
751k-800k 20 22 7 0.2 5.5
801k-850k 19 20 4 0.2 5.7
851k-900k 19 18 6 0.2 6.3
901k-950k 13 16 4 0.2 4.9
951k-1m 19 14 2 0.1 8.1
1m-1.1m 11 7 2 0.1 9.4
1.1m-1.2m 13 13 4 0.2 6
1.2m-1.3m 11 13 6 0.2 5.1
1.3m-1.4m 7 6 3 0.1 7
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 4 1 0 24
1.6m-1.7m 2 5 1 0.4 2.4
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 4 1 0 24
1.9m-2m 11 1 1 0 66
2m-2.25m 5 3 0.1 10
2.25m-2.5m 8 3 1 0.1 16
2.5m-2.75m 5 1 0 30
2.75m-3m 6 4 2 0.1 9
3m-3.5m 8 4 1 0.1 12
3.5m-4m 3 1 1 0.1 18
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 1 0.2 6
8.01m-9m 1 0
9.01m-10m 2 0
12.01m-13m 1 0.2 0
14.01m-15m 1 0
15.01m-16m 1 0

Townhouses 23% 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
201k-225k 1 1 0.2 0
251k-275k 2 0.3 0
276k-300k 3 2 0.1 9
301k-325k 4 6 1 0.3 4
326k-350k 7 7 0.2 6
351k-375k 5 4 0.1 7.5
376k-400k 7 9 4 0.2 4.7
401k-425k 3 2 0.1 9
426k-450k 6 4 2 0.1 9
451k-475k 1 2 1 0.3 3
476k-500k 5 4 2 0.1 7.5
501k-550k 3 2 0.1 9
551k-600k 3 1 0.1 18
601k-650k 2 4 1 0.3 3
651k-700k 1 0.2 0
751k-800k 1 1 0.2 6
851k-900k 1 0
901k-950k 2 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0

Condos 16% 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 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 1 0.2 0
201k-225k 1 4 1 0.7 1.5
226k-250k 11 10 3 0.2 6.6
251k-275k 7 8 1 0.2 5.3
276k-300k 14 9 2 0.1 9.3
301k-325k 6 5 2 0.1 7.2
326k-350k 11 3 0 22
351k-375k 3 3 1 0.2 6
376k-400k 2 4 0.3 3
401k-425k 1 4 0.7 1.5
426k-450k 3 4 0.2 4.5
451k-475k 2 3 0.3 4
476k-500k 6 4 1 0.1 9
501k-550k 6 3 2 0.1 12
551k-600k 7 4 1 0.1 10.5
601k-650k 3 2 1 0.1 9
651k-700k 4 1 0 24
701k-750k 3 5 2 0.3 3.6
751k-800k 2 1 0.3 0
801k-850k 2 2 1 0.2 6
851k-900k 5 1 1 0 30
901k-950k 2 4 0.3 3
951k-1m 5 0
1m-1.1m 3 3 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 6 1 0 36
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
3.5m-4m 2 0
4.5m-5m 1 0

Land 13% 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
26k-50k 6 2 1 0.1 18
51k-75k 6 3 1 0.1 12
76k-100k 13 17 4 0.2 4.6
101k-125k 19 8 0.1 14.3
126k-150k 22 9 2 0.1 14.7
151k-175k 16 3 1 0 32
176k-200k 17 7 1 0.1 14.6
201k-225k 7 2 0 21
226k-250k 10 2 0 30
251k-275k 6 1 0 36
276k-300k 6 2 1 0.1 18
326k-350k 7 1 1 0 42
351k-375k 1 1 1 0.2 6
376k-400k 8 1 1 0 48
401k-425k 3 0
426k-450k 3 0
451k-475k 6 0
476k-500k 6 0
501k-550k 1 1 0.2 6
551k-600k 6 0
651k-700k 4 1 0 24
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 1 1 0.2 6
851k-900k 3 1 0.1 18
901k-950k 3 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 2 0
3.5m-4m 1 1 0.2 0
5.01m-6m 1 0
7.01m-8m 1 0
12.01m-13m 1 0.2 0