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 21% 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 4 11 1 0.5 2.2
351k-375k 1 21 2 3.5 0.3
376k-400k 15 34 11 0.4 2.6
401k-425k 8 56 4 1.2 0.9
426k-450k 20 87 15 0.7 1.4
451k-475k 18 86 14 0.8 1.3
476k-500k 24 88 15 0.6 1.6
501k-550k 49 134 17 0.5 2.2
551k-600k 42 106 12 0.4 2.4
601k-650k 22 73 17 0.6 1.8
651k-700k 15 68 16 0.8 1.3
701k-750k 15 49 8 0.5 1.8
751k-800k 24 50 13 0.3 2.9
801k-850k 12 43 4 0.6 1.7
851k-900k 15 24 2 0.3 3.8
901k-950k 13 20 2 0.3 3.9
951k-1m 17 15 1 0.1 6.8
1m-1.1m 9 26 7 0.5 2.1
1.1m-1.2m 8 16 2 0.3 3
1.2m-1.3m 9 11 2 0.2 4.9
1.3m-1.4m 7 5 2 0.1 8.4
1.4m-1.5m 3 4 2 0.2 4.5
1.5m-1.6m 2 6 1 0.5 2
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 1 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

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 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 2 1 1
376k-400k 4 19 3 0.8 1.3
401k-425k 3 3 1 0.2 6
426k-450k 3 7 3 0.4 2.6
451k-475k 2 10 2 0.8 1.2
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 2 1 1 0.1 12
651k-700k 1 0.2 0
751k-800k 1 0

Condos 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
176k-200k 1 0.2 0
201k-225k 2 1 0.1 12
226k-250k 1 5 0.8 1.2
251k-275k 4 1 0.7 0
276k-300k 3 10 4 0.6 1.8
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 1 6 2 1 1
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