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 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
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 11 5 0.6 1.6
351k-375k 2 23 3 1.9 0.5
376k-400k 15 29 7 0.3 3.1
401k-425k 11 61 11 0.9 1.1
426k-450k 24 94 19 0.7 1.5
451k-475k 18 92 14 0.9 1.2
476k-500k 33 91 16 0.5 2.2
501k-550k 55 137 20 0.4 2.4
551k-600k 39 117 17 0.5 2
601k-650k 32 80 13 0.4 2.4
651k-700k 23 63 7 0.5 2.2
701k-750k 20 54 9 0.5 2.2
751k-800k 36 55 9 0.3 3.9
801k-850k 15 46 10 0.5 2
851k-900k 11 28 0.4 2.4
901k-950k 13 20 4 0.3 3.9
951k-1m 13 17 3 0.2 4.6
1m-1.1m 17 23 3 0.2 4.4
1.1m-1.2m 10 20 3 0.3 3
1.2m-1.3m 8 12 1 0.3 4
1.3m-1.4m 5 6 2 0.2 5
1.4m-1.5m 7 3 0.1 14
1.5m-1.6m 3 6 2 0.3 3
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 5 0
1.8m-1.9m 1 5 2 0.8 1.2
1.9m-2m 1 3 0.5 2
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 2 3 2 0.3 4
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 1 0.2 6
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 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 0.5 0
251k-275k 1 8 2 1.3 0.8
276k-300k 4 6 2 0.3 4
301k-325k 7 7 3 0.2 6
326k-350k 13 17 2 0.2 4.6
351k-375k 6 19 2 0.5 1.9
376k-400k 1 17 2 2.8 0.4
401k-425k 4 2 0.1 12
426k-450k 4 9 3 0.4 2.7
451k-475k 6 9 2 0.3 4
476k-500k 8 1 1.3 0
501k-550k 5 13 1 0.4 2.3
551k-600k 5 6 1 0.2 5
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 18% 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 1 3 0.5 2
226k-250k 1 5 2 0.8 1.2
251k-275k 4 0.7 0
276k-300k 3 9 4 0.5 2
301k-325k 3 2 0.1 9
326k-350k 3 3 0.2 6
351k-375k 2 5 1 0.4 2.4
376k-400k 5 3 0.1 10
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 6 1 0.3 4
551k-600k 1 5 1 0.8 1.2
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