Supply & Demand in Statesville, 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
26k-50k 1 4 0.7 1.5
51k-75k 6 1 0
76k-100k 7 1.2 0
101k-125k 2 2 1 0.2 6
126k-150k 1 6 1 1
151k-175k 4 13 0.5 1.8
176k-200k 7 22 1 0.5 1.9
201k-225k 8 33 0.7 1.5
226k-250k 26 49 0.3 3.2
251k-275k 23 38 1 0.3 3.6
276k-300k 22 40 1 0.3 3.3
301k-325k 21 47 0.4 2.7
326k-350k 43 37 1 0.1 7
351k-375k 23 36 0.3 3.8
376k-400k 21 28 0.2 4.5
401k-425k 23 16 0.1 8.6
426k-450k 22 21 0.2 6.3
451k-475k 12 11 1 0.2 6.5
476k-500k 15 13 0.1 6.9
501k-550k 13 11 0.1 7.1
551k-600k 9 6 0.1 9
601k-650k 6 5 0.1 7.2
651k-700k 18 4 0 27
701k-750k 8 6 0.1 8
751k-800k 3 2 0.1 9
801k-850k 4 2 0.1 12
851k-900k 5 0
901k-950k 4 0
951k-1m 2 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
3m-3.5m 1 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
176k-200k 1 0.2 0
226k-250k 2 0.3 0
301k-325k 1 0
376k-400k 1 0.2 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
151k-175k 1 0
176k-200k 1 0.2 0
301k-325k 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 9 10 1 0.2 5.4
26k-50k 17 21 2 0.2 4.9
51k-75k 15 11 0.1 8.2
76k-100k 16 6 0.1 16
101k-125k 6 0
126k-150k 5 0
151k-175k 11 0
176k-200k 8 2 0 24
201k-225k 2 3 0.3 4
226k-250k 3 0.5 0
251k-275k 1 0.2 0
276k-300k 3 0
301k-325k 1 0.2 0
326k-350k 2 0
351k-375k 1 0
376k-400k 2 0
401k-425k 1 0
426k-450k 1 0.2 0
451k-475k 2 0
476k-500k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 4 0
951k-1m 3 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 6 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 2 0