Absorption Report

Casa Grande, 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 17% 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 1 0
126k-150k 1 1 0.2 0
151k-175k 1 2 1 0.3 3
176k-200k 3 5 0.3 3.6
201k-225k 5 10 1 0.3 3
226k-250k 9 18 4 0.3 3
251k-275k 19 48 10 0.4 2.4
276k-300k 26 88 12 0.6 1.8
301k-325k 51 95 11 0.3 3.2
326k-350k 55 113 11 0.3 2.9
351k-375k 39 84 9 0.4 2.8
376k-400k 44 48 9 0.2 5.5
401k-425k 18 20 3 0.2 5.4
426k-450k 21 19 6 0.2 6.6
451k-475k 8 6 2 0.1 8
476k-500k 9 4 0.1 13.5
501k-550k 10 5 0.1 12
551k-600k 6 9 1 0.3 4
601k-650k 4 5 2 0.2 4.8
651k-700k 2 4 2 0.3 3
701k-750k 3 4 0.2 4.5
751k-800k 4 1 0 24
801k-850k 1 2 1 0.3 3
851k-900k 1 0
901k-950k 3 4 0.2 4.5
951k-1m 1 1 0.2 6
1m-1.1m 1 1 0.2 6
1.3m-1.4m 1 0.2 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 4 5 0.2 4.8
201k-225k 1 2 0.3 3
226k-250k 1 2 0.3 3
251k-275k 7 2 1 0 21
276k-300k 9 2 0 27
326k-350k 1 0

Condos 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
201k-225k 1 0.2 0

Land 7% 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 28 18 4 0.1 9.3
26k-50k 23 12 3 0.1 11.5
51k-75k 26 19 4 0.1 8.2
76k-100k 21 10 3 0.1 12.6
101k-125k 14 2 0 42
126k-150k 21 8 1 0.1 15.8
151k-175k 7 2 1 0 21
176k-200k 8 2 0 24
201k-225k 6 1 0 36
226k-250k 2 2 0.2 6
251k-275k 1 1 0.2 6
276k-300k 7 1 0 42
326k-350k 2 1 0.1 12
376k-400k 4 0
401k-425k 1 0
451k-475k 2 1 0.1 12
476k-500k 8 0
501k-550k 1 0.2 0
551k-600k 4 1 0 24
601k-650k 1 0
651k-700k 2 0
701k-750k 3 0
751k-800k 4 1 1 0 24
801k-850k 1 0
851k-900k 3 0
951k-1m 4 0
1m-1.1m 3 0
1.1m-1.2m 3 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
9.01m-10m 1 0
10.01m-11m 1 0
18.01m-19m 1 0