Absorption Report

Chandler, 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 20% 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 2 1 0.3 0
251k-275k 1 1 0.2 0
276k-300k 1 3 1 0.5 2
301k-325k 2 6 2 0.5 2
326k-350k 5 12 2 0.4 2.5
351k-375k 3 27 7 1.5 0.7
376k-400k 14 32 8 0.4 2.6
401k-425k 10 58 6 1 1
426k-450k 18 81 10 0.8 1.3
451k-475k 18 86 15 0.8 1.3
476k-500k 28 83 12 0.5 2
501k-550k 46 140 22 0.5 2
551k-600k 48 110 17 0.4 2.6
601k-650k 22 72 10 0.5 1.8
651k-700k 18 65 16 0.6 1.7
701k-750k 16 49 8 0.5 2
751k-800k 23 49 12 0.4 2.8
801k-850k 16 37 3 0.4 2.6
851k-900k 11 21 2 0.3 3.1
901k-950k 12 19 3 0.3 3.8
951k-1m 16 16 3 0.2 6
1m-1.1m 12 23 3 0.3 3.1
1.1m-1.2m 10 15 3 0.3 4
1.2m-1.3m 9 9 2 0.2 6
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 2 4 2 0.3 3
1.5m-1.6m 2 6 1 0.5 2
1.6m-1.7m 4 0.7 0
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 1 4 0.7 1.5
1.9m-2m 2 2 0.2 6
2m-2.25m 2 2 0.2 6
2.25m-2.5m 2 0.3 0
2.5m-2.75m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 1 0

Townhouses 14% 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 1 0.2 0
226k-250k 4 2 0.7 0
251k-275k 1 5 1 0.8 1.2
276k-300k 2 6 2 0.5 2
301k-325k 5 8 1 0.3 3.8
326k-350k 9 20 3 0.4 2.7
351k-375k 3 16 1 0.9 1.1
376k-400k 4 17 3 0.7 1.4
401k-425k 3 3 0.2 6
426k-450k 5 8 3 0.3 3.8
451k-475k 4 10 1 0.4 2.4
476k-500k 1 3 0.5 2
501k-550k 6 9 0.3 4
551k-600k 3 5 1 0.3 3.6
601k-650k 1 1 1 0.2 6
651k-700k 1 0.2 0
751k-800k 1 0

Condos 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
176k-200k 1 0.2 0
201k-225k 2 1 0.1 12
226k-250k 1 5 0.8 1.2
251k-275k 5 1 0.8 0
276k-300k 6 8 2 0.2 4.5
301k-325k 1 4 1 0.7 1.5
326k-350k 3 3 0.2 6
351k-375k 4 3 0.1 8
376k-400k 4 2 0.1 12
401k-425k 4 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 3 0.3 4
501k-550k 1 6 1 1 1
551k-600k 1 8 1 1.3 0.8

Land 32% 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 1 1 0.2 6
501k-550k 3 3 1 0.2 6
551k-600k 1 0
651k-700k 1 5 0.8 1.2
801k-850k 1 1 1 0.2 6
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 1 0.2 0
1.6m-1.7m 1 0
3.5m-4m 1 0