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 6 10 1 0.3 3.6
226k-250k 7 19 4 0.5 2.2
251k-275k 19 48 11 0.4 2.4
276k-300k 29 86 11 0.5 2
301k-325k 50 95 10 0.3 3.2
326k-350k 56 112 9 0.3 3
351k-375k 39 85 10 0.4 2.8
376k-400k 43 48 10 0.2 5.4
401k-425k 20 21 3 0.2 5.7
426k-450k 22 19 6 0.1 6.9
451k-475k 8 6 2 0.1 8
476k-500k 10 4 0.1 15
501k-550k 10 4 0.1 15
551k-600k 7 10 1 0.2 4.2
601k-650k 4 5 2 0.2 4.8
651k-700k 2 3 1 0.3 4
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 2 1 0.1 12
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 6% 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 29 17 3 0.1 10.2
26k-50k 23 13 3 0.1 10.6
51k-75k 27 18 3 0.1 9
76k-100k 21 8 1 0.1 15.8
101k-125k 14 2 0 42
126k-150k 22 8 1 0.1 16.5
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 0.2 0
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 1 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
1.4m-1.5m 2 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