Supply & Demand in Gastonia, 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 38% 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 1 3 1 0.5 2
51k-75k 11 2 1.8 0
76k-100k 1 18 3 3 0.3
101k-125k 3 12 1 0.7 1.5
126k-150k 9 31 8 0.6 1.7
151k-175k 7 29 8 0.7 1.4
176k-200k 17 38 5 0.4 2.7
201k-225k 21 42 15 0.3 3
226k-250k 27 73 21 0.5 2.2
251k-275k 31 77 20 0.4 2.4
276k-300k 38 69 17 0.3 3.3
301k-325k 32 64 13 0.3 3
326k-350k 43 59 18 0.2 4.4
351k-375k 27 59 9 0.4 2.7
376k-400k 19 43 10 0.4 2.7
401k-425k 15 21 3 0.2 4.3
426k-450k 10 14 5 0.2 4.3
451k-475k 8 16 2 0.3 3
476k-500k 6 20 4 0.6 1.8
501k-550k 10 15 5 0.3 4
551k-600k 7 10 4 0.2 4.2
601k-650k 11 9 2 0.1 7.3
651k-700k 2 5 0.4 2.4
701k-750k 1 3 1 0.5 2
751k-800k 3 2 0.1 9
801k-850k 2 1 0.1 12
851k-900k 3 2 2 0.1 9
1m-1.1m 1 1 0.2 0
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0.2 0
3m-3.5m 1 0

Townhouses 32% 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 2 0.3 0
226k-250k 1 1 0.2 6
251k-275k 1 11 1.8 0.5
276k-300k 11 46 3 0.7 1.4
301k-325k 6 8 3 0.2 4.5
326k-350k 7 4 0.1 10.5

Condos 33% 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
101k-125k 2 0.3 0
126k-150k 2 1 0.3 0
151k-175k 1 1 0.2 6
176k-200k 1 1 0.2 6
201k-225k 2 0.3 0
226k-250k 3 0.5 0
251k-275k 1 0
301k-325k 2 0.3 0
376k-400k 1 0
651k-700k 1 0.2 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0.2 0

Land 30% 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
1k-25k 3 8 1 0.4 2.3
26k-50k 9 13 3 0.2 4.2
51k-75k 8 13 2 0.3 3.7
76k-100k 2 5 1 0.4 2.4
101k-125k 4 2 1 0.1 12
126k-150k 7 0
176k-200k 3 1 0.1 18
201k-225k 1 0
226k-250k 1 0
251k-275k 1 1 0.2 0
276k-300k 1 1 1 0.2 6
326k-350k 1 1 1 0.2 6
351k-375k 2 0
401k-425k 1 1 0.2 0
426k-450k 2 2 0.3 0
451k-475k 1 0.2 0
476k-500k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 1 0
9.01m-10m 1 0.2 0