Supply & Demand in Gastonia, 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 28% 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 3 0.5 0
51k-75k 1 3 0.5 2
76k-100k 1 12 2 2 0.5
101k-125k 1 10 3 1.7 0.6
126k-150k 7 19 3 0.5 2.2
151k-175k 14 20 4 0.2 4.2
176k-200k 21 43 7 0.3 2.9
201k-225k 32 41 7 0.2 4.7
226k-250k 37 60 10 0.3 3.7
251k-275k 35 56 11 0.3 3.8
276k-300k 39 83 17 0.4 2.8
301k-325k 43 77 14 0.3 3.4
326k-350k 58 71 13 0.2 4.9
351k-375k 31 51 7 0.3 3.6
376k-400k 31 41 6 0.2 4.5
401k-425k 21 28 5 0.2 4.5
426k-450k 16 23 3 0.2 4.2
451k-475k 10 10 3 0.2 6
476k-500k 15 24 2 0.3 3.8
501k-550k 9 26 5 0.5 2.1
551k-600k 10 15 1 0.3 4
601k-650k 8 7 0.1 6.9
651k-700k 4 0
701k-750k 11 2 1 0 33
751k-800k 6 6 2 0.2 6
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 6
901k-950k 3 1 0.5 0
951k-1m 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
2.75m-3m 1 0

Townhouses 35% 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
226k-250k 3 5 1 0.3 3.6
251k-275k 6 9 3 0.3 4
276k-300k 26 30 12 0.2 5.2
301k-325k 8 2 0 24
326k-350k 5 1 0 30
351k-375k 2 2 1 0.2 6
401k-425k 1 0.2 0
426k-450k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 1 0

Condos 5% 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 1 2 0.3 3
126k-150k 1 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 4 2 1 0.1 12
201k-225k 3 0
226k-250k 1 0.2 0
301k-325k 4 0
326k-350k 1 0.2 0
376k-400k 1 0
1.2m-1.3m 2 0
2m-2.25m 1 0

Land 29% 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 4 5 1 0.2 4.8
26k-50k 3 18 6 1 1
51k-75k 4 14 1 0.6 1.7
76k-100k 8 6 1 0.1 8
101k-125k 4 3 0.1 8
126k-150k 3 1 1 0.1 18
151k-175k 1 1 0.2 6
201k-225k 2 1 0.1 12
226k-250k 1 2 1 0.3 3
251k-275k 1 0
276k-300k 1 0
301k-325k 1 2 0.3 3
326k-350k 1 1 0.2 6
351k-375k 1 0
426k-450k 1 1 0.2 0
451k-475k 1 0
476k-500k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0
7.01m-8m 1 0