Supply & Demand in Mooresville, 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 27% 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
76k-100k 1 0.2 0
101k-125k 1 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 1 3 2 0.5 2
201k-225k 3 7 2 0.4 2.6
226k-250k 4 13 1 0.5 1.8
251k-275k 5 17 4 0.6 1.8
276k-300k 10 14 3 0.2 4.3
301k-325k 7 16 0.4 2.6
326k-350k 12 15 5 0.2 4.8
351k-375k 8 29 4 0.6 1.7
376k-400k 23 49 10 0.4 2.8
401k-425k 9 28 2 0.5 1.9
426k-450k 22 37 9 0.3 3.6
451k-475k 25 26 2 0.2 5.8
476k-500k 20 42 6 0.4 2.9
501k-550k 35 50 7 0.2 4.2
551k-600k 27 42 4 0.3 3.9
601k-650k 26 36 10 0.2 4.3
651k-700k 9 26 2 0.5 2.1
701k-750k 11 29 6 0.4 2.3
751k-800k 10 20 4 0.3 3
801k-850k 11 19 4 0.3 3.5
851k-900k 9 18 1 0.3 3
901k-950k 6 10 0.3 3.6
951k-1m 2 11 1 0.9 1.1
1m-1.1m 6 10 1 0.3 3.6
1.1m-1.2m 5 8 1 0.3 3.8
1.2m-1.3m 5 9 0.3 3.3
1.3m-1.4m 6 9 0.3 4
1.4m-1.5m 3 8 1 0.4 2.3
1.5m-1.6m 3 9 0.5 2
1.6m-1.7m 2 7 0.6 1.7
1.7m-1.8m 4 7 1 0.3 3.4
1.8m-1.9m 7 10 1 0.2 4.2
1.9m-2m 5 3 2 0.1 10
2m-2.25m 2 2 0.2 6
2.25m-2.5m 2 2 1 0.2 6
2.5m-2.75m 5 0.8 0
2.75m-3m 2 0
3m-3.5m 3 4 1 0.2 4.5
3.5m-4m 6 5 0.1 7.2
4m-4.5m 1 2 0.3 3
4.5m-5m 3 4 1 0.2 4.5
5.01m-6m 1 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 23% 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 1 0.2 0
201k-225k 1 0.2 0
226k-250k 3 0
251k-275k 4 6 1 0.3 4
276k-300k 3 9 0.5 2
301k-325k 4 10 1 0.4 2.4
326k-350k 12 18 4 0.3 4
351k-375k 4 4 2 0.2 6
376k-400k 3 6 1 0.3 3
401k-425k 3 3 0.2 6
426k-450k 1 0
451k-475k 1 3 1 0.5 2
501k-550k 2 0
551k-600k 1 0

Condos 20% 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 1 0
226k-250k 1 3 1 0.5 2
251k-275k 1 0.2 0
276k-300k 1 1 0.2 6
451k-475k 1 0.2 0
551k-600k 1 1 0.2 6
601k-650k 1 0.2 0
2m-2.25m 1 0.2 0

Land 11% 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
51k-75k 2 3 0.3 4
76k-100k 5 3 0.1 10
126k-150k 7 3 0.1 14
151k-175k 3 4 0.2 4.5
176k-200k 5 1 1 0 30
201k-225k 3 0
226k-250k 6 1 0 36
251k-275k 4 1 0 24
276k-300k 4 1 1 0 24
301k-325k 2 0
326k-350k 5 1 0 30
351k-375k 1 0
376k-400k 2 2 0.2 6
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 1 2 0.3 3
501k-550k 1 1 0.2 6
551k-600k 2 0
601k-650k 1 2 0.3 3
751k-800k 3 0
801k-850k 1 0.2 0
851k-900k 3 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 2 0.3 3
1.3m-1.4m 3 1 0.5 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0