Supply & Demand in Hendersonville, 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
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Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 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
51k-75k 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0
126k-150k 3 0.5 0
151k-175k 3 0
176k-200k 2 11 4 0.9 1.1
201k-225k 1 6 1 1 1
226k-250k 1 4 0.7 1.5
251k-275k 5 6 0.2 5
276k-300k 4 16 4 0.7 1.5
301k-325k 8 25 4 0.5 1.9
326k-350k 7 21 5 0.5 2
351k-375k 11 27 5 0.4 2.4
376k-400k 17 28 6 0.3 3.6
401k-425k 10 22 1 0.4 2.7
426k-450k 16 28 10 0.3 3.4
451k-475k 10 23 6 0.4 2.6
476k-500k 11 13 3 0.2 5.1
501k-550k 21 36 6 0.3 3.5
551k-600k 21 20 6 0.2 6.3
601k-650k 12 20 2 0.3 3.6
651k-700k 14 12 4 0.1 7
701k-750k 10 4 0.1 15
751k-800k 5 4 3 0.1 7.5
801k-850k 10 10 4 0.2 6
851k-900k 6 4 3 0.1 9
901k-950k 2 2 0.2 6
951k-1m 4 5 2 0.2 4.8
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 6 3 0.1 12
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 6 0
1.4m-1.5m 2 0
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 2 0
1.7m-1.8m 4 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
4.5m-5m 1 1 0.2 0
8.01m-9m 1 0

Townhouses 44% 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
276k-300k 1 0.2 0
301k-325k 3 0.5 0
326k-350k 1 7 1 1.2 0.9
351k-375k 3 10 2 0.6 1.8
376k-400k 4 7 2 0.3 3.4
401k-425k 2 5 1 0.4 2.4
426k-450k 1 3 0.5 2
451k-475k 1 3 1 0.5 2
476k-500k 2 1 0.3 0
501k-550k 2 0.3 0
551k-600k 2 2 2 0.2 6
601k-650k 1 0
651k-700k 2 1 0.1 12
701k-750k 1 0.2 0
801k-850k 1 1 0.2 0
951k-1m 1 0

Condos 7% 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
126k-150k 1 0
176k-200k 4 0.7 0
201k-225k 5 3 0.1 10
226k-250k 6 3 1 0.1 12
251k-275k 2 0
276k-300k 7 2 0 21
301k-325k 3 0
326k-350k 6 5 1 0.1 7.2
351k-375k 4 4 0.2 6
376k-400k 4 6 0.3 4
401k-425k 4 1 0 24
426k-450k 3 3 1 0.2 6
451k-475k 2 0
501k-550k 1 1 0.2 6
851k-900k 1 0
1m-1.1m 1 0
1.4m-1.5m 1 0
2.25m-2.5m 1 0

Land 7% 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 11 8 1 0.1 8.3
26k-50k 65 6 0 65
51k-75k 36 8 1 0 27
76k-100k 31 6 1 0 31
101k-125k 15 3 0 30
126k-150k 16 2 0 48
151k-175k 8 3 0.1 16
176k-200k 13 0
201k-225k 5 2 1 0.1 15
226k-250k 9 3 0.1 18
251k-275k 2 0
276k-300k 3 4 0.2 4.5
301k-325k 3 1 0.1 18
326k-350k 4 0
351k-375k 2 1 0.1 12
376k-400k 6 0
426k-450k 4 2 1 0.1 12
451k-475k 3 0
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 5 0
601k-650k 1 0
751k-800k 1 0
801k-850k 1 0
951k-1m 1 2 1 0.3 3
1.2m-1.3m 1 1 0.2 0
1.5m-1.6m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0