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 % 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 0.2 0
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 5 0.8 0
176k-200k 3 2 0.1 9
201k-225k 1 6 2 1 1
226k-250k 3 5 0.3 3.6
251k-275k 4 8 0.3 3
276k-300k 6 15 1 0.4 2.4
301k-325k 6 23 0.6 1.6
326k-350k 24 31 1 0.2 4.6
351k-375k 13 29 0.4 2.7
376k-400k 25 27 1 0.2 5.6
401k-425k 26 22 2 0.1 7.1
426k-450k 26 23 1 0.1 6.8
451k-475k 12 15 1 0.2 4.8
476k-500k 36 16 0.1 13.5
501k-550k 29 34 0.2 5.1
551k-600k 43 35 2 0.1 7.4
601k-650k 36 36 0.2 6
651k-700k 39 21 0.1 11.1
701k-750k 28 14 1 0.1 12
751k-800k 25 20 0.1 7.5
801k-850k 27 9 0.1 18
851k-900k 22 14 0.1 9.4
901k-950k 9 9 0.2 6
951k-1m 19 4 0 28.5
1m-1.1m 8 4 1 0.1 12
1.1m-1.2m 11 14 0.2 4.7
1.2m-1.3m 13 7 0.1 11.1
1.3m-1.4m 9 4 0.1 13.5
1.4m-1.5m 7 2 0 21
1.5m-1.6m 10 6 0.1 10
1.6m-1.7m 10 1 0 60
1.7m-1.8m 11 1 0 66
1.8m-1.9m 9 3 0.1 18
1.9m-2m 6 4 1 0.1 9
2m-2.25m 12 5 0.1 14.4
2.25m-2.5m 12 5 0.1 14.4
2.5m-2.75m 7 1 0 42
2.75m-3m 9 3 0.1 18
3m-3.5m 9 5 1 0.1 10.8
3.5m-4m 4 0
4m-4.5m 3 1 0.1 18
4.5m-5m 2 0
5.01m-6m 3 0
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
15.01m-16m 1 0

Townhouses % 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 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 2 2 0.2 6
276k-300k 3 8 0.4 2.3
301k-325k 5 11 0.4 2.7
326k-350k 3 8 0.4 2.3
351k-375k 9 7 0.1 7.7
376k-400k 5 2 0.1 15
401k-425k 3 1 0.1 18
426k-450k 9 1 0 54
451k-475k 5 2 0.1 15
476k-500k 4 7 0.3 3.4
501k-550k 5 0
551k-600k 2 2 0.2 6
601k-650k 3 0.5 0
651k-700k 2 2 0.2 6
701k-750k 1 3 0.5 2
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 3 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0

Condos % 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
176k-200k 1 1 0.2 6
201k-225k 4 5 2 0.2 4.8
226k-250k 23 7 1 0.1 19.7
251k-275k 5 4 1 0.1 7.5
276k-300k 13 4 0.1 19.5
301k-325k 5 5 0.2 6
326k-350k 6 2 0.1 18
351k-375k 5 0
376k-400k 3 0
401k-425k 3 0
426k-450k 1 2 0.3 3
451k-475k 7 3 0.1 14
476k-500k 5 2 0.1 15
501k-550k 7 1 0 42
551k-600k 11 4 0.1 16.5
601k-650k 6 0
651k-700k 4 0
701k-750k 3 1 0.1 18
751k-800k 6 0
801k-850k 4 1 0 24
851k-900k 3 1 0.1 18
901k-950k 2 1 0.1 12
951k-1m 5 2 0.1 15
1m-1.1m 2 0.3 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 1 0.2 6
3m-3.5m 3 0
4m-4.5m 1 0

Land % 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 2 0.3 0
26k-50k 8 3 0.1 16
51k-75k 16 7 0.1 13.7
76k-100k 19 9 0.1 12.7
101k-125k 25 0
126k-150k 30 1 0 180
151k-175k 11 5 0.1 13.2
176k-200k 23 4 0 34.5
201k-225k 9 2 0 27
226k-250k 14 3 0 28
251k-275k 7 1 0 42
276k-300k 11 0
301k-325k 2 0
326k-350k 8 0
351k-375k 1 1 0.2 6
376k-400k 13 0
401k-425k 5 1 0 30
426k-450k 5 1 0 30
451k-475k 8 0
476k-500k 6 1 0 36
501k-550k 4 1 0 24
551k-600k 4 0
601k-650k 2 0
651k-700k 6 1 0 36
701k-750k 4 0
801k-850k 1 0
851k-900k 4 0
901k-950k 1 0
951k-1m 4 0
1.1m-1.2m 2 0
1.2m-1.3m 4 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.7m-1.8m 3 0
2.25m-2.5m 3 0
2.75m-3m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
9.01m-10m 1 0