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
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Buyer's
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< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 25% 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
51k-75k 1 0.2 0
76k-100k 1 3 1 0.5 2
101k-125k 2 0.3 0
126k-150k 1 3 0.5 2
151k-175k 2 5 0.4 2.4
176k-200k 1 13 3 2.2 0.5
201k-225k 7 12 0.3 3.5
226k-250k 3 17 2 0.9 1.1
251k-275k 3 14 4 0.8 1.3
276k-300k 6 21 4 0.6 1.7
301k-325k 9 21 2 0.4 2.6
326k-350k 13 22 5 0.3 3.5
351k-375k 14 30 1 0.4 2.8
376k-400k 12 33 3 0.5 2.2
401k-425k 7 31 5 0.7 1.4
426k-450k 25 18 3 0.1 8.3
451k-475k 7 18 2 0.4 2.3
476k-500k 14 24 4 0.3 3.5
501k-550k 26 32 4 0.2 4.9
551k-600k 20 26 3 0.2 4.6
601k-650k 19 26 6 0.2 4.4
651k-700k 9 19 3 0.4 2.8
701k-750k 13 11 1 0.1 7.1
751k-800k 10 11 3 0.2 5.5
801k-850k 6 3 0.1 12
851k-900k 9 8 0.1 6.8
901k-950k 5 5 1 0.2 6
951k-1m 6 5 1 0.1 7.2
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 6 6 1 0.2 6
1.2m-1.3m 8 6 0.1 8
1.3m-1.4m 3 1 0.5 0
1.4m-1.5m 1 3 0.5 2
1.5m-1.6m 4 1 0 24
1.6m-1.7m 2 1 0.1 12
1.9m-2m 1 0
2m-2.25m 3 0.5 0
2.25m-2.5m 1 2 0.3 3
2.75m-3m 1 2 0.3 3
3m-3.5m 1 0
5.01m-6m 2 0

Townhouses 34% 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 3 1 0.3 4
301k-325k 3 0.5 0
326k-350k 3 7 1 0.4 2.6
351k-375k 3 4 0.2 4.5
376k-400k 3 3 0.2 6
401k-425k 1 2 1 0.3 3
426k-450k 4 1 0 24
451k-475k 3 2 0.5 0
501k-550k 1 4 0.7 1.5
551k-600k 2 3 0.3 4
601k-650k 2 2 0.2 6
651k-700k 1 0.2 0
701k-750k 1 1 0.2 0
751k-800k 1 0.2 0
901k-950k 1 2 0.3 3
951k-1m 1 0

Condos 8% 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 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 3 2 0.1 9
201k-225k 5 4 1 0.1 7.5
226k-250k 7 7 0.2 6
251k-275k 2 7 1 0.6 1.7
276k-300k 6 4 0.1 9
301k-325k 3 1 0.1 18
326k-350k 5 6 0.2 5
351k-375k 2 3 0.3 4
376k-400k 5 3 0.1 10
401k-425k 4 3 1 0.1 8
426k-450k 3 2 0.1 9
451k-475k 3 1 0.1 18
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
1.5m-1.6m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
4.5m-5m 1 0

Land 6% 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 9 0.1 9.3
26k-50k 51 15 2 0 20.4
51k-75k 38 19 1 0.1 12
76k-100k 21 9 0.1 14
101k-125k 16 6 1 0.1 16
126k-150k 14 10 0.1 8.4
151k-175k 11 2 0 33
176k-200k 15 3 0 30
201k-225k 7 0
226k-250k 8 1 0 48
251k-275k 3 1 0.1 18
276k-300k 7 1 0 42
301k-325k 1 1 0.2 6
326k-350k 7 1 0 42
351k-375k 3 0
376k-400k 7 0
401k-425k 1 1 0.2 6
426k-450k 5 1 0 30
451k-475k 1 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 4 0
601k-650k 3 0
701k-750k 1 1 0.2 0
751k-800k 3 0
901k-950k 2 0
951k-1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0