Absorption Report

Avondale, 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 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
176k-200k 2 1 0.3 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 2 0.3 3
276k-300k 1 0.2 0
301k-325k 2 9 2 0.8 1.3
326k-350k 14 17 3 0.2 4.9
351k-375k 21 67 18 0.5 1.9
376k-400k 33 68 10 0.3 2.9
401k-425k 28 71 8 0.4 2.4
426k-450k 28 61 8 0.4 2.8
451k-475k 20 41 7 0.3 2.9
476k-500k 15 29 8 0.3 3.1
501k-550k 28 35 11 0.2 4.8
551k-600k 24 14 4 0.1 10.3
601k-650k 8 6 0.1 8
651k-700k 7 4 1 0.1 10.5
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 1 0.2 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0

Townhouses 50% 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
226k-250k 1 0
276k-300k 2 1 0.3 0

Land 18% 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 1 0
101k-125k 1 0.2 0
126k-150k 1 1 1 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
551k-600k 1 0.2 0
1.2m-1.3m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
7.01m-8m 1 0
12.01m-13m 1 0
13.01m-14m 1 0