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 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
51k-75k 2 0
126k-150k 1 0.2 0
151k-175k 2 2 0.3 0
176k-200k 1 7 2 1.2 0.9
201k-225k 5 10 0.3 3
226k-250k 8 17 4 0.4 2.8
251k-275k 15 50 7 0.6 1.8
276k-300k 21 92 21 0.7 1.4
301k-325k 53 85 9 0.3 3.7
326k-350k 40 104 16 0.4 2.3
351k-375k 41 78 7 0.3 3.2
376k-400k 48 47 8 0.2 6.1
401k-425k 22 19 3 0.1 6.9
426k-450k 21 22 7 0.2 5.7
451k-475k 9 6 0.1 9
476k-500k 9 4 0.1 13.5
501k-550k 11 6 0.1 11
551k-600k 8 7 2 0.1 6.9
601k-650k 5 5 0.2 6
651k-700k 4 3 2 0.1 8
701k-750k 2 4 0.3 3
751k-800k 3 1 0.1 18
801k-850k 1 1 1 0.2 6
851k-900k 1 0
901k-950k 4 3 0.1 8
951k-1m 2 1 0.1 12
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0
1.5m-1.6m 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 3 5 0.3 3.6
201k-225k 2 2 0.2 6
226k-250k 2 1 0.1 12
251k-275k 7 3 2 0.1 14
276k-300k 8 0
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 5% 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 24 19 9 0.1 7.6
26k-50k 21 11 1 0.1 11.5
51k-75k 28 22 6 0.1 7.6
76k-100k 21 8 2 0.1 15.8
101k-125k 14 2 0 42
126k-150k 20 5 0 24
151k-175k 7 2 0 21
176k-200k 7 3 0.1 14
201k-225k 5 1 1 0 30
226k-250k 1 2 0.3 3
251k-275k 1 0.2 0
276k-300k 8 1 0 48
326k-350k 2 1 0.1 12
376k-400k 5 0
401k-425k 1 0
451k-475k 2 1 0.1 12
476k-500k 7 1 1 0 42
501k-550k 1 0.2 0
551k-600k 4 1 0 24
601k-650k 1 0
651k-700k 2 0
701k-750k 2 1 1 0.1 12
751k-800k 4 1 0 24
801k-850k 1 0
851k-900k 3 0
951k-1m 4 0
1m-1.1m 3 0
1.1m-1.2m 2 1 1 0.1 12
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 1 0
5.01m-6m 1 0
6.01m-7m 1 0
10.01m-11m 1 0
11.01m-12m 1 0
18.01m-19m 1 0