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
101k-125k 2 0.3 0
126k-150k 1 4 0.7 1.5
151k-175k 1 4 0.7 1.5
176k-200k 1 2 0.3 3
201k-225k 3 10 2 0.6 1.8
226k-250k 2 8 0.7 1.5
251k-275k 4 11 0.5 2.2
276k-300k 13 13 1 0.2 6
301k-325k 10 24 0.4 2.5
326k-350k 17 32 2 0.3 3.2
351k-375k 16 41 1 0.4 2.3
376k-400k 16 38 0.4 2.5
401k-425k 12 33 0.5 2.2
426k-450k 17 27 0.3 3.8
451k-475k 21 21 1 0.2 6
476k-500k 17 19 0.2 5.4
501k-550k 24 34 1 0.2 4.2
551k-600k 35 36 0.2 5.8
601k-650k 21 28 0.2 4.5
651k-700k 24 30 0.2 4.8
701k-750k 17 19 0.2 5.4
751k-800k 15 17 0.2 5.3
801k-850k 14 15 0.2 5.6
851k-900k 19 14 0.1 8.1
901k-950k 10 10 0.2 6
951k-1m 11 5 0.1 13.2
1m-1.1m 3 8 0.4 2.3
1.1m-1.2m 12 10 0.1 7.2
1.2m-1.3m 7 7 0.2 6
1.3m-1.4m 10 5 1 0.1 12
1.4m-1.5m 5 4 0.1 7.5
1.5m-1.6m 4 7 0.3 3.4
1.6m-1.7m 5 2 0.1 15
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 4 2 0.1 12
1.9m-2m 5 2 0.1 15
2m-2.25m 9 4 0.1 13.5
2.25m-2.5m 8 4 0.1 12
2.5m-2.75m 3 1 0.1 18
2.75m-3m 2 4 0.3 3
3m-3.5m 9 1 0 54
3.5m-4m 5 1 0 30
4m-4.5m 3 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
8.01m-9m 1 0
12.01m-13m 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
176k-200k 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 1 1 0.2 6
251k-275k 5 5 0.2 6
276k-300k 2 4 0.3 3
301k-325k 9 12 0.2 4.5
326k-350k 5 5 0.2 6
351k-375k 3 5 0.3 3.6
376k-400k 7 1 0 42
401k-425k 2 0
426k-450k 2 1 0.1 12
476k-500k 6 3 1 0.1 12
501k-550k 1 3 0.5 2
551k-600k 2 0.3 0
601k-650k 1 1 0.2 6
651k-700k 2 0.3 0
701k-750k 1 1 0.2 6
751k-800k 1 0
851k-900k 3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 5 0.8 0
201k-225k 2 6 0.5 2
226k-250k 13 6 0.1 13
251k-275k 6 6 0.2 6
276k-300k 12 7 0.1 10.3
301k-325k 8 7 0.1 6.9
326k-350k 4 6 0.3 4
351k-375k 3 2 0.1 9
376k-400k 3 5 0.3 3.6
401k-425k 3 2 0.1 9
426k-450k 2 2 0.2 6
451k-475k 1 1 0.2 6
476k-500k 3 5 0.3 3.6
501k-550k 5 2 0.1 15
551k-600k 4 5 0.2 4.8
601k-650k 4 4 0.2 6
651k-700k 2 2 0.2 6
701k-750k 2 4 0.3 3
751k-800k 3 1 0.1 18
801k-850k 3 3 0.2 6
851k-900k 3 2 0.1 9
901k-950k 3 3 0.2 6
951k-1m 6 1 0 36
1m-1.1m 2 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 2 0.3 3
2.75m-3m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-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 1 0.2 0
26k-50k 9 3 0.1 18
51k-75k 13 6 0.1 13
76k-100k 13 10 0.1 7.8
101k-125k 22 4 0 33
126k-150k 15 6 0.1 15
151k-175k 16 3 0 32
176k-200k 18 4 0 27
201k-225k 9 1 0 54
226k-250k 13 2 0 39
251k-275k 7 0
276k-300k 13 1 0 78
301k-325k 3 1 0.1 18
326k-350k 9 0
351k-375k 5 0
376k-400k 11 0
401k-425k 5 1 0 30
426k-450k 4 0
451k-475k 10 1 0 60
476k-500k 4 1 0 24
501k-550k 2 2 0.2 6
551k-600k 2 0
601k-650k 2 3 0.3 4
651k-700k 5 2 0.1 15
701k-750k 4 0
801k-850k 1 2 0.3 3
851k-900k 4 1 0 24
901k-950k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.7m-1.8m 4 0
2.25m-2.5m 3 0
2.75m-3m 2 0
3.5m-4m 1 0
4.5m-5m 1 0
5.01m-6m 1 0