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 0.2 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 1 7 2 1.2 0.9
151k-175k 3 13 2 0.7 1.4
176k-200k 3 16 1 0.9 1.1
201k-225k 7 31 2 0.7 1.4
226k-250k 16 49 1 0.5 2
251k-275k 33 93 1 0.5 2.1
276k-300k 67 143 0.4 2.8
301k-325k 67 187 2 0.5 2.1
326k-350k 112 247 4 0.4 2.7
351k-375k 115 240 0.3 2.9
376k-400k 132 238 4 0.3 3.3
401k-425k 91 190 1 0.3 2.9
426k-450k 115 193 3 0.3 3.6
451k-475k 64 150 1 0.4 2.6
476k-500k 80 144 3 0.3 3.3
501k-550k 125 194 4 0.3 3.9
551k-600k 112 161 2 0.2 4.2
601k-650k 87 139 3 0.3 3.8
651k-700k 92 132 1 0.2 4.2
701k-750k 58 104 2 0.3 3.3
751k-800k 62 110 1 0.3 3.4
801k-850k 25 76 0.5 2
851k-900k 37 68 0.3 3.3
901k-950k 18 54 0.5 2
951k-1m 21 43 0.3 2.9
1m-1.1m 27 53 0.3 3.1
1.1m-1.2m 16 68 1 0.7 1.4
1.2m-1.3m 20 54 0.5 2.2
1.3m-1.4m 16 34 1 0.4 2.8
1.4m-1.5m 24 35 0.2 4.1
1.5m-1.6m 11 30 0.5 2.2
1.6m-1.7m 17 24 0.2 4.3
1.7m-1.8m 21 22 0.2 5.7
1.8m-1.9m 11 10 1 0.2 6.6
1.9m-2m 15 16 0.2 5.6
2m-2.25m 12 19 0.3 3.8
2.25m-2.5m 20 19 0.2 6.3
2.5m-2.75m 18 14 0.1 7.7
2.75m-3m 9 14 1 0.3 3.9
3m-3.5m 9 16 0.3 3.4
3.5m-4m 9 9 0.2 6
4m-4.5m 8 1 0 48
4.5m-5m 4 0
5.01m-6m 4 2 0.1 12
6.01m-7m 3 1 0.1 18
7.01m-8m 2 0
14.01m-15m 2 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 3 1 0.1 18
151k-175k 1 2 0.3 3
176k-200k 5 8 0.3 3.8
201k-225k 18 18 0.2 6
226k-250k 41 49 0.2 5
251k-275k 49 69 1 0.2 4.3
276k-300k 63 80 0.2 4.7
301k-325k 64 66 2 0.2 5.8
326k-350k 86 89 1 0.2 5.8
351k-375k 58 81 0.2 4.3
376k-400k 54 65 1 0.2 5
401k-425k 38 39 0.2 5.8
426k-450k 60 67 0.2 5.4
451k-475k 35 50 0.2 4.2
476k-500k 56 39 1 0.1 8.6
501k-550k 69 55 0.1 7.5
551k-600k 45 31 0.1 8.7
601k-650k 35 32 1 0.2 6.6
651k-700k 29 30 0.2 5.8
701k-750k 25 15 0.1 10
751k-800k 25 13 0.1 11.5
801k-850k 9 13 0.2 4.2
851k-900k 10 10 0.2 6
901k-950k 5 2 0.1 15
951k-1m 4 6 0.3 4
1m-1.1m 3 4 0.2 4.5
1.1m-1.2m 4 5 0.2 4.8
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 6 1 0 36
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 3 0
1.9m-2m 4 1 0 24
2m-2.25m 4 2 0.1 12
2.25m-2.5m 4 1 0 24
2.75m-3m 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 2 0.3 0
101k-125k 6 16 0.4 2.3
126k-150k 17 32 1 0.3 3.2
151k-175k 24 18 0.1 8
176k-200k 35 36 0.2 5.8
201k-225k 46 43 2 0.2 6.4
226k-250k 46 28 0.1 9.9
251k-275k 36 28 0.1 7.7
276k-300k 44 56 2 0.2 4.7
301k-325k 38 40 1 0.2 5.7
326k-350k 32 27 0.1 7.1
351k-375k 23 24 0.2 5.8
376k-400k 21 22 0.2 5.7
401k-425k 23 24 0.2 5.8
426k-450k 17 12 0.1 8.5
451k-475k 2 18 1.5 0.7
476k-500k 12 10 0.1 7.2
501k-550k 12 14 0.2 5.1
551k-600k 13 11 0.1 7.1
601k-650k 7 6 0.1 7
651k-700k 5 8 0.3 3.8
701k-750k 3 1 0.1 18
751k-800k 5 0.8 0
801k-850k 6 2 0.1 18
851k-900k 6 1 0
901k-950k 1 0.2 0
951k-1m 2 3 0.3 4
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 3 0.5 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0.5 0
1.9m-2m 1 1 0.2 6
2m-2.25m 2 2 0.2 6
2.25m-2.5m 8 2 0 24
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 4 0
3.5m-4m 1 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
1k-25k 1 0.2 0
26k-50k 9 5 0.1 10.8
51k-75k 2 2 0.2 6
76k-100k 12 8 0.1 9
101k-125k 7 8 1 0.2 5.3
126k-150k 20 10 0.1 12
151k-175k 11 2 0 33
176k-200k 12 8 1 0.1 9
201k-225k 8 5 0.1 9.6
226k-250k 6 2 0.1 18
251k-275k 4 0
276k-300k 10 3 0.1 20
301k-325k 3 1 0.1 18
326k-350k 12 1 0 72
351k-375k 6 0
376k-400k 10 3 0.1 20
401k-425k 4 0
426k-450k 5 1 0 30
451k-475k 5 0
476k-500k 6 0
501k-550k 4 3 0.1 8
551k-600k 6 0
601k-650k 6 0
651k-700k 8 1 0 48
701k-750k 6 0
751k-800k 2 1 0.1 12
801k-850k 5 0
851k-900k 3 1 0.1 18
901k-950k 2 1 0.1 12
951k-1m 1 2 0.3 3
1m-1.1m 4 0
1.1m-1.2m 6 0
1.2m-1.3m 5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.7m-1.8m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0