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 1 0.2 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 4 11 1 0.5 2.2
351k-375k 1 22 2 3.7 0.3
376k-400k 17 32 11 0.3 3.2
401k-425k 8 56 4 1.2 0.9
426k-450k 20 85 16 0.7 1.4
451k-475k 17 88 15 0.9 1.2
476k-500k 22 89 16 0.7 1.5
501k-550k 52 136 19 0.4 2.3
551k-600k 40 109 15 0.5 2.2
601k-650k 23 76 18 0.6 1.8
651k-700k 17 68 15 0.7 1.5
701k-750k 16 50 8 0.5 1.9
751k-800k 25 50 12 0.3 3
801k-850k 12 43 5 0.6 1.7
851k-900k 15 25 2 0.3 3.6
901k-950k 13 20 3 0.3 3.9
951k-1m 17 15 2 0.1 6.8
1m-1.1m 11 25 5 0.4 2.6
1.1m-1.2m 8 16 2 0.3 3
1.2m-1.3m 9 12 2 0.2 4.5
1.3m-1.4m 7 5 2 0.1 8.4
1.4m-1.5m 4 3 1 0.1 8
1.5m-1.6m 3 6 1 0.3 3
1.6m-1.7m 1 4 0.7 1.5
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 4 2 0.7 1.5
1.9m-2m 1 2 0.3 3
2m-2.25m 1 2 0.3 3
2.25m-2.5m 2 0.3 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0
6.01m-7m 1 0

Townhouses 13% 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 3 1 0.5 0
251k-275k 2 8 2 0.7 1.5
276k-300k 2 8 2 0.7 1.5
301k-325k 7 8 1 0.2 5.3
326k-350k 12 18 1 0.3 4
351k-375k 3 18 3 1 1
376k-400k 4 19 3 0.8 1.3
401k-425k 3 3 1 0.2 6
426k-450k 3 6 2 0.3 3
451k-475k 4 9 1 0.4 2.7
476k-500k 2 5 0.4 2.4
501k-550k 5 11 0.4 2.7
551k-600k 6 4 0.1 9
601k-650k 1 1 1 0.2 6
651k-700k 1 0.2 0
751k-800k 1 0

Condos 19% 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 0
201k-225k 2 1 0.1 12
226k-250k 1 5 1 0.8 1.2
251k-275k 4 1 0.7 0
276k-300k 2 11 5 0.9 1.1
301k-325k 1 3 1 0.5 2
326k-350k 3 3 0.2 6
351k-375k 2 5 1 0.4 2.4
376k-400k 5 2 1 0.1 15
401k-425k 3 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 3 0.3 4
501k-550k 2 6 2 0.5 2
551k-600k 1 7 2 1.2 0.9

Land 26% 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 5 0.8 1.2
701k-750k 1 0.2 0
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 0
1.6m-1.7m 1 0
3.5m-4m 1 0