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 6 13 2 0.4 2.8
351k-375k 2 23 4 1.9 0.5
376k-400k 14 34 10 0.4 2.5
401k-425k 7 56 5 1.3 0.8
426k-450k 19 82 13 0.7 1.4
451k-475k 18 86 13 0.8 1.3
476k-500k 25 84 14 0.6 1.8
501k-550k 48 137 19 0.5 2.1
551k-600k 46 112 17 0.4 2.5
601k-650k 24 69 12 0.5 2.1
651k-700k 15 68 16 0.8 1.3
701k-750k 16 50 8 0.5 1.9
751k-800k 26 49 10 0.3 3.2
801k-850k 13 39 3 0.5 2
851k-900k 12 22 2 0.3 3.3
901k-950k 12 19 2 0.3 3.8
951k-1m 14 16 3 0.2 5.3
1m-1.1m 12 24 4 0.3 3
1.1m-1.2m 7 16 3 0.4 2.6
1.2m-1.3m 10 9 2 0.2 6.7
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 4 4 2 0.2 6
1.5m-1.6m 1 6 1 1 1
1.6m-1.7m 1 4 0.7 1.5
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 1 4 1 0.7 1.5
1.9m-2m 2 2 0.2 6
2m-2.25m 2 2 0.2 6
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
4m-4.5m 1 0

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 4 2 0.7 0
251k-275k 2 7 1 0.6 1.7
276k-300k 1 7 2 1.2 0.9
301k-325k 6 8 1 0.2 4.5
326k-350k 9 20 3 0.4 2.7
351k-375k 4 16 1 0.7 1.5
376k-400k 4 18 3 0.8 1.3
401k-425k 3 3 1 0.2 6
426k-450k 5 8 3 0.3 3.8
451k-475k 2 10 1 0.8 1.2
476k-500k 2 4 0.3 3
501k-550k 5 10 0.3 3
551k-600k 4 4 0.2 6
601k-650k 1 1 1 0.2 6
651k-700k 1 0.2 0
751k-800k 1 0

Condos 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
201k-225k 2 1 0.1 12
226k-250k 1 5 0.8 1.2
251k-275k 4 0.7 0
276k-300k 5 9 3 0.3 3.3
301k-325k 2 3 1 0.3 4
326k-350k 3 3 0.2 6
351k-375k 4 3 0.1 8
376k-400k 4 2 0.1 12
401k-425k 4 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 3 0.3 4
501k-550k 1 6 1 1 1
551k-600k 1 8 1 1.3 0.8

Land 32% 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 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 1 0.2 0
1.6m-1.7m 1 0
3.5m-4m 1 0