Absorption Report

Arizona City, AZ

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 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
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 5 0.8 0
201k-225k 13 24 11 0.3 3.3
226k-250k 17 63 10 0.6 1.6
251k-275k 29 62 9 0.4 2.8
276k-300k 20 43 11 0.4 2.8
301k-325k 26 23 6 0.1 6.8
326k-350k 8 18 4 0.4 2.7
351k-375k 9 6 1 0.1 9
376k-400k 6 5 1 0.1 7.2
401k-425k 1 0
426k-450k 1 1 1 0.2 6
451k-475k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 1 1 0.2 6
601k-650k 2 0

Townhouses NAN% 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
151k-175k 1 0.2 0
176k-200k 1 0.2 0
276k-300k 1 0.2 0
301k-325k 1 0.2 0

Land 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
1k-25k 16 20 2 0.2 4.8
26k-50k 31 77 22 0.4 2.4
51k-75k 14 5 0.1 16.8
76k-100k 6 0
101k-125k 3 0
126k-150k 1 0
151k-175k 2 0
176k-200k 1 0
276k-300k 3 0