Absorption Report

Chandler, Gilbert, Mesa, Mesquite High School

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 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0
226k-250k 1 0.2 0
251k-275k 6 1 1 0
276k-300k 9 74 8 1.4 0.7
301k-325k 39 193 29 0.8 1.2
326k-350k 93 187 35 0.3 3
351k-375k 88 159 27 0.3 3.3
376k-400k 86 142 32 0.3 3.6
401k-425k 54 95 14 0.3 3.4
426k-450k 46 55 9 0.2 5
451k-475k 22 38 7 0.3 3.5
476k-500k 40 32 3 0.1 7.5
501k-550k 19 30 6 0.3 3.8
551k-600k 11 15 3 0.2 4.4
601k-650k 5 11 1 0.4 2.7
651k-700k 1 3 2 0.5 2
701k-750k 5 4 1 0.1 7.5

Townhouses 17% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
276k-300k 2 3 0.3 4
301k-325k 1 0
326k-350k 2 3 1 0.3 4

Land 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 8 8 0.2 6
26k-50k 7 22 3 0.5 1.9
51k-75k 28 23 2 0.1 7.3
76k-100k 25 16 1 0.1 9.4
101k-125k 15 3 0 30
126k-150k 16 7 2 0.1 13.7
151k-175k 3 0
176k-200k 8 0
201k-225k 4 0
226k-250k 2 2 0.2 6
251k-275k 1 1 0.2 0
276k-300k 1 0
301k-325k 1 0
326k-350k 4 0
351k-375k 1 0
376k-400k 1 0
426k-450k 2 0
501k-550k 3 0
551k-600k 3 0
601k-650k 2 0
701k-750k 2 0
751k-800k 1 0
1m-1.1m 1 0
1.3m-1.4m 1 1 1 0.2 6
1.5m-1.6m 2 0
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
6.01m-7m 1 0
8.01m-9m 1 0