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 0% 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 2 0.3 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 3 8 2 0.4 2.3
226k-250k 1 6 1 1
251k-275k 5 6 0.2 5
276k-300k 15 12 0.1 7.5
301k-325k 12 11 0.2 6.5
326k-350k 26 31 1 0.2 5
351k-375k 19 30 0.3 3.8
376k-400k 45 35 0.1 7.7
401k-425k 15 34 0.4 2.6
426k-450k 35 23 1 0.1 9.1
451k-475k 21 23 0.2 5.5
476k-500k 35 19 0.1 11.1
501k-550k 37 56 1 0.3 4
551k-600k 42 37 1 0.1 6.8
601k-650k 40 34 0.1 7.1
651k-700k 30 26 1 0.1 6.9
701k-750k 31 24 0.1 7.8
751k-800k 30 23 0.1 7.8
801k-850k 28 17 0.1 9.9
851k-900k 28 12 0.1 14
901k-950k 11 14 1 0.2 4.7
951k-1m 23 11 0.1 12.5
1m-1.1m 7 15 0.4 2.8
1.1m-1.2m 13 18 0.2 4.3
1.2m-1.3m 14 22 0.3 3.8
1.3m-1.4m 10 7 0.1 8.6
1.4m-1.5m 7 5 0.1 8.4
1.5m-1.6m 7 5 0.1 8.4
1.6m-1.7m 7 3 0.1 14
1.7m-1.8m 7 2 0 21
1.8m-1.9m 6 4 0.1 9
1.9m-2m 13 3 0 26
2m-2.25m 6 4 0.1 9
2.25m-2.5m 11 5 0.1 13.2
2.5m-2.75m 8 3 0.1 16
2.75m-3m 9 0
3m-3.5m 7 2 0 21
3.5m-4m 6 0
4m-4.5m 1 0.2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
12.01m-13m 1 0
15.01m-16m 1 0

Townhouses 0% 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
226k-250k 1 0
251k-275k 1 1 0.2 6
276k-300k 2 1 0.1 12
301k-325k 4 8 0.3 3
326k-350k 6 8 0.2 4.5
351k-375k 9 1 0 54
376k-400k 13 6 0.1 13
401k-425k 4 5 0.2 4.8
426k-450k 3 5 0.3 3.6
451k-475k 1 2 0.3 3
476k-500k 6 5 0.1 7.2
501k-550k 2 2 0.2 6
551k-600k 3 1 0.1 18
601k-650k 1 2 0.3 3
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 6
901k-950k 2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0.2 0

Condos 0% 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
151k-175k 1 1 0.2 6
176k-200k 2 0
201k-225k 1 6 1 1
226k-250k 10 9 1 0.2 6.7
251k-275k 9 8 0.1 6.8
276k-300k 11 8 0.1 8.3
301k-325k 7 4 0.1 10.5
326k-350k 15 4 0 22.5
351k-375k 4 3 0.1 8
376k-400k 1 1 0.2 6
401k-425k 1 3 0.5 2
426k-450k 6 1 0 36
451k-475k 4 4 0.2 6
476k-500k 7 6 0.1 7
501k-550k 9 1 0 54
551k-600k 7 4 0.1 10.5
601k-650k 6 2 0.1 18
651k-700k 8 2 0 24
701k-750k 6 2 0.1 18
751k-800k 6 1 0 36
801k-850k 3 1 1 0.1 18
851k-900k 2 3 0.3 4
901k-950k 5 3 0.1 10
951k-1m 2 1 0.1 12
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.5m-1.6m 4 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 0
2m-2.25m 1 2 0.3 3
3.5m-4m 2 0
4.5m-5m 1 0

Land 0% 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 8 1 0 48
51k-75k 10 5 0.1 12
76k-100k 21 6 0 21
101k-125k 22 9 1 0.1 14.7
126k-150k 17 3 0 34
151k-175k 16 2 0 48
176k-200k 22 5 0 26.4
201k-225k 12 0
226k-250k 12 3 0 24
251k-275k 5 0
276k-300k 9 2 0 27
301k-325k 4 1 0 24
326k-350k 8 0
351k-375k 2 1 0.1 12
376k-400k 11 2 0 33
401k-425k 4 0
426k-450k 5 0
451k-475k 7 1 0 42
476k-500k 3 2 0.1 9
501k-550k 3 0
551k-600k 4 0
601k-650k 2 0
651k-700k 7 0
701k-750k 3 0
801k-850k 3 0
851k-900k 3 2 0.1 9
901k-950k 4 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 0
5.01m-6m 3 0