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 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
51k-75k 1 0
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
276k-300k 1 2 1 0.3 3
301k-325k 7 1 1.2 0
326k-350k 3 9 3 0.5 2
351k-375k 1 24 3 4 0.3
376k-400k 14 27 7 0.3 3.1
401k-425k 9 62 15 1.1 0.9
426k-450k 28 95 18 0.6 1.8
451k-475k 19 91 10 0.8 1.3
476k-500k 33 89 15 0.4 2.2
501k-550k 61 137 22 0.4 2.7
551k-600k 40 117 16 0.5 2.1
601k-650k 34 82 13 0.4 2.5
651k-700k 28 63 8 0.4 2.7
701k-750k 21 54 10 0.4 2.3
751k-800k 36 53 8 0.2 4.1
801k-850k 20 43 7 0.4 2.8
851k-900k 12 29 0.4 2.5
901k-950k 14 20 3 0.2 4.2
951k-1m 15 17 2 0.2 5.3
1m-1.1m 15 24 3 0.3 3.8
1.1m-1.2m 10 20 4 0.3 3
1.2m-1.3m 8 12 1 0.3 4
1.3m-1.4m 6 5 1 0.1 7.2
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 4 6 2 0.3 4
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 5 0
1.8m-1.9m 1 4 1 0.7 1.5
1.9m-2m 1 3 0.5 2
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 3 3 2 0.2 6
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 1 0.2 0
6.01m-7m 1 0

Townhouses 12% 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 0.5 0
251k-275k 2 7 1 0.6 1.7
276k-300k 3 6 2 0.3 3
301k-325k 7 7 3 0.2 6
326k-350k 12 17 2 0.2 4.2
351k-375k 7 16 1 0.4 2.6
376k-400k 2 17 2 1.4 0.7
401k-425k 4 2 0.1 12
426k-450k 5 8 2 0.3 3.8
451k-475k 6 8 2 0.2 4.5
476k-500k 9 2 1.5 0
501k-550k 5 14 1 0.5 2.1
551k-600k 5 6 1 0.2 5
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 23% 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 1 4 0.7 1.5
226k-250k 1 4 1 0.7 1.5
251k-275k 4 0.7 0
276k-300k 3 8 3 0.4 2.3
301k-325k 3 2 0.1 9
326k-350k 4 3 0.1 8
351k-375k 2 5 1 0.4 2.4
376k-400k 4 3 1 0.1 8
401k-425k 1 0
426k-450k 2 0
451k-475k 1 1 0.2 0
476k-500k 1 3 1 0.5 2
501k-550k 4 7 1 0.3 3.4
551k-600k 1 4 1 0.7 1.5
601k-650k 1 1 0.2 0

Land 24% 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 1 2 0.3 3
551k-600k 3 0
651k-700k 1 5 0.8 1.2
701k-750k 1 1 0.2 6
801k-850k 1 0
851k-900k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 2 0
1.6m-1.7m 1 0
3.5m-4m 1 0