Supply & Demand in Charlotte, 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
1k-25k 1 1 0.2 0
26k-50k 1 0.2 0
51k-75k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 1 0.2 6
126k-150k 1 6 1 1
151k-175k 4 11 1 0.5 2.2
176k-200k 8 19 0.4 2.5
201k-225k 5 31 2 1 1
226k-250k 18 59 0.5 1.8
251k-275k 21 93 6 0.7 1.4
276k-300k 48 162 2 0.6 1.8
301k-325k 66 205 2 0.5 1.9
326k-350k 98 295 3 0.5 2
351k-375k 118 244 1 0.3 2.9
376k-400k 126 260 3 0.3 2.9
401k-425k 91 220 3 0.4 2.5
426k-450k 118 201 4 0.3 3.5
451k-475k 67 151 1 0.4 2.7
476k-500k 74 151 2 0.3 2.9
501k-550k 139 205 3 0.2 4.1
551k-600k 99 179 2 0.3 3.3
601k-650k 100 147 3 0.2 4.1
651k-700k 62 135 2 0.4 2.8
701k-750k 55 125 3 0.4 2.6
751k-800k 59 107 1 0.3 3.3
801k-850k 36 83 2 0.4 2.6
851k-900k 31 74 1 0.4 2.5
901k-950k 23 57 1 0.4 2.4
951k-1m 19 45 0.4 2.5
1m-1.1m 13 72 1 0.9 1.1
1.1m-1.2m 28 69 0.4 2.4
1.2m-1.3m 17 62 1 0.6 1.6
1.3m-1.4m 11 50 2 0.8 1.3
1.4m-1.5m 12 42 0.6 1.7
1.5m-1.6m 18 43 0.4 2.5
1.6m-1.7m 11 26 0.4 2.5
1.7m-1.8m 16 24 0.3 4
1.8m-1.9m 14 15 0.2 5.6
1.9m-2m 15 22 0.2 4.1
2m-2.25m 13 28 0.4 2.8
2.25m-2.5m 23 31 0.2 4.5
2.5m-2.75m 12 16 0.2 4.5
2.75m-3m 9 24 0.4 2.3
3m-3.5m 8 19 0.4 2.5
3.5m-4m 5 11 0.4 2.7
4m-4.5m 2 3 0.3 4
4.5m-5m 3 1 0.1 18
5.01m-6m 3 3 0.2 6
6.01m-7m 2 6 0.5 2
7.01m-8m 1 0
8.01m-9m 2 0
10.01m-11m 2 0
11.01m-12m 1 0
14.01m-15m 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
126k-150k 1 5 0.8 1.2
151k-175k 3 1 0.1 18
176k-200k 4 12 2 0.5 2
201k-225k 16 21 1 0.2 4.6
226k-250k 35 40 1 0.2 5.3
251k-275k 50 85 1 0.3 3.5
276k-300k 64 92 0.2 4.2
301k-325k 57 82 2 0.2 4.2
326k-350k 75 92 4 0.2 4.9
351k-375k 59 91 1 0.3 3.9
376k-400k 53 70 1 0.2 4.5
401k-425k 34 52 0.3 3.9
426k-450k 62 70 1 0.2 5.3
451k-475k 31 47 1 0.3 4
476k-500k 35 41 0.2 5.1
501k-550k 68 70 3 0.2 5.8
551k-600k 47 28 0.1 10.1
601k-650k 25 25 0.2 6
651k-700k 24 32 0.2 4.5
701k-750k 23 16 0.1 8.6
751k-800k 22 13 0.1 10.2
801k-850k 15 13 0.1 6.9
851k-900k 12 14 0.2 5.1
901k-950k 7 1 0 42
951k-1m 1 5 0.8 1.2
1m-1.1m 3 4 0.2 4.5
1.1m-1.2m 3 6 1 0.3 3
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 3 0.5 2
1.8m-1.9m 3 0
1.9m-2m 4 2 0.1 12
2m-2.25m 3 0
2.25m-2.5m 3 0
2.75m-3m 1 0
3.5m-4m 1 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
26k-50k 1 0.2 0
76k-100k 1 2 0.3 3
101k-125k 4 16 1 0.7 1.5
126k-150k 19 35 0.3 3.3
151k-175k 25 18 0.1 8.3
176k-200k 39 41 1 0.2 5.7
201k-225k 37 31 0.1 7.2
226k-250k 43 38 2 0.1 6.8
251k-275k 37 30 1 0.1 7.4
276k-300k 42 47 0.2 5.4
301k-325k 39 36 1 0.2 6.5
326k-350k 24 31 0.2 4.6
351k-375k 30 30 0.2 6
376k-400k 14 19 0.2 4.4
401k-425k 15 25 2 0.3 3.6
426k-450k 16 19 0.2 5.1
451k-475k 2 16 1.3 0.8
476k-500k 10 12 0.2 5
501k-550k 5 14 0.5 2.1
551k-600k 16 11 1 0.1 8.7
601k-650k 8 11 0.2 4.4
651k-700k 8 5 0.1 9.6
701k-750k 1 1 0.2 6
751k-800k 1 6 1 1
801k-850k 3 3 0.2 6
851k-900k 2 6 0.5 2
901k-950k 1 0
951k-1m 7 1.2 0
1m-1.1m 1 3 0.5 2
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 4 4 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 3 0.5 2
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 1 0
2.75m-3m 4 0
3m-3.5m 4 0
3.5m-4m 1 1 0.2 6
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
1k-25k 3 0.5 0
26k-50k 6 9 0.3 4
51k-75k 2 2 0.2 6
76k-100k 12 7 0.1 10.3
101k-125k 5 8 0.3 3.8
126k-150k 10 9 0.2 6.7
151k-175k 9 1 0 54
176k-200k 13 14 0.2 5.6
201k-225k 6 5 0.1 7.2
226k-250k 7 2 0 21
251k-275k 5 1 0 30
276k-300k 8 2 0 24
301k-325k 4 1 0 24
326k-350k 12 2 0 36
351k-375k 3 1 0.1 18
376k-400k 4 1 0 24
401k-425k 4 0
426k-450k 6 3 0.1 12
451k-475k 6 0
476k-500k 5 1 0 30
501k-550k 5 4 0.1 7.5
551k-600k 6 0
601k-650k 3 0
651k-700k 7 2 0 21
701k-750k 4 0
751k-800k 8 2 0 24
801k-850k 2 0
851k-900k 4 1 0 24
901k-950k 1 1 0.2 6
951k-1m 3 2 0.1 9
1m-1.1m 6 1 0 36
1.1m-1.2m 7 2 0 21
1.2m-1.3m 5 0
1.3m-1.4m 2 0
1.4m-1.5m 3 0
1.5m-1.6m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
7.01m-8m 2 0