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 7 11 1 0.3 3.8
351k-375k 1 23 4 3.8 0.3
376k-400k 13 35 11 0.4 2.2
401k-425k 8 55 4 1.1 0.9
426k-450k 19 85 14 0.7 1.3
451k-475k 17 84 10 0.8 1.2
476k-500k 24 83 13 0.6 1.7
501k-550k 44 134 18 0.5 2
551k-600k 43 109 16 0.4 2.4
601k-650k 19 71 17 0.6 1.6
651k-700k 16 69 16 0.7 1.4
701k-750k 15 47 6 0.5 1.9
751k-800k 24 50 12 0.3 2.9
801k-850k 12 43 4 0.6 1.7
851k-900k 14 22 2 0.3 3.8
901k-950k 12 19 2 0.3 3.8
951k-1m 17 14 1 0.1 7.3
1m-1.1m 9 25 6 0.5 2.2
1.1m-1.2m 7 15 2 0.4 2.8
1.2m-1.3m 10 11 2 0.2 5.5
1.3m-1.4m 7 5 1 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 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0

Townhouses 11% 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 7 1 0.6 1.7
276k-300k 2 7 2 0.6 1.7
301k-325k 6 8 1 0.2 4.5
326k-350k 12 18 1 0.3 4
351k-375k 3 17 1 0.9 1.1
376k-400k 4 19 3 0.8 1.3
401k-425k 3 3 1 0.2 6
426k-450k 3 7 2 0.4 2.6
451k-475k 2 10 2 0.8 1.2
476k-500k 2 4 0.3 3
501k-550k 5 10 0.3 3
551k-600k 7 4 0.1 10.5
601k-650k 2 1 1 0.1 12
651k-700k 1 0.2 0
751k-800k 1 0

Condos 16% 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 4 9 3 0.4 2.7
301k-325k 1 3 1 0.5 2
326k-350k 3 3 0.2 6
351k-375k 2 4 1 0.3 3
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 1 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