Supply & Demand in Hendersonville, 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
26k-50k 1 0.2 0
76k-100k 1 0
101k-125k 2 0.3 0
126k-150k 2 0.3 0
151k-175k 2 0
176k-200k 3 12 3 0.7 1.5
201k-225k 2 8 0.7 1.5
226k-250k 1 11 1.8 0.5
251k-275k 3 8 0.4 2.3
276k-300k 14 12 0.1 7
301k-325k 8 16 0.3 3
326k-350k 13 12 0.2 6.5
351k-375k 10 27 1 0.5 2.2
376k-400k 17 17 0.2 6
401k-425k 16 20 0.2 4.8
426k-450k 16 16 0.2 6
451k-475k 9 10 0.2 5.4
476k-500k 19 17 0.1 6.7
501k-550k 19 29 1 0.3 3.9
551k-600k 28 17 0.1 9.9
601k-650k 28 12 0.1 14
651k-700k 12 11 0.2 6.5
701k-750k 13 8 0.1 9.8
751k-800k 20 5 0 24
801k-850k 8 6 0.1 8
851k-900k 9 4 0.1 13.5
901k-950k 7 6 0.1 7
951k-1m 8 1 0 48
1m-1.1m 12 4 0.1 18
1.1m-1.2m 6 2 0.1 18
1.2m-1.3m 7 1 0 42
1.3m-1.4m 5 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.8m-1.9m 1 0
1.9m-2m 2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0
2.75m-3m 1 0
3m-3.5m 2 0
5.01m-6m 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
276k-300k 2 2 0.2 6
301k-325k 2 5 0.4 2.4
326k-350k 3 3 0.2 6
351k-375k 4 2 0.1 12
376k-400k 1 2 0.3 3
401k-425k 1 1 1 0.2 6
426k-450k 3 2 0.1 9
451k-475k 1 2 0.3 3
476k-500k 2 1 0.1 12
501k-550k 3 1 0.1 18
551k-600k 2 2 0.2 6
601k-650k 4 2 0.1 12
651k-700k 3 0
701k-750k 1 1 0.2 6
751k-800k 1 0
951k-1m 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
151k-175k 2 0.3 0
176k-200k 7 1 0 42
201k-225k 4 6 0.3 4
226k-250k 4 3 0.1 8
251k-275k 3 6 0.3 3
276k-300k 3 5 0.3 3.6
301k-325k 1 1 0.2 6
326k-350k 7 3 0.1 14
351k-375k 3 1 0.1 18
376k-400k 6 1 0 36
401k-425k 5 5 0.2 6
426k-450k 2 1 0.1 12
451k-475k 2 1 0.1 12
476k-500k 1 1 0.2 6
501k-550k 3 0
551k-600k 2 0
651k-700k 1 0
2m-2.25m 1 0
2.25m-2.5m 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 14 5 0.1 16.8
26k-50k 33 12 0.1 16.5
51k-75k 38 14 0.1 16.3
76k-100k 25 8 1 0.1 18.8
101k-125k 18 7 0.1 15.4
126k-150k 15 7 0.1 12.9
151k-175k 11 1 0 66
176k-200k 14 2 0 42
201k-225k 8 1 0 48
226k-250k 11 2 0 33
251k-275k 4 0
276k-300k 6 1 1 0 36
301k-325k 1 1 0.2 6
326k-350k 9 0
351k-375k 1 0
376k-400k 6 0
401k-425k 1 0
426k-450k 3 0
451k-475k 3 1 0.1 18
476k-500k 2 0
501k-550k 2 1 0.1 12
551k-600k 4 0
601k-650k 1 0
651k-700k 3 0
701k-750k 1 1 0.2 6
751k-800k 1 0
801k-850k 1 0
901k-950k 1 0
951k-1m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0