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 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 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 2 10 4 0.8 1.2
351k-375k 1 23 3 3.8 0.3
376k-400k 14 29 8 0.3 2.9
401k-425k 11 62 12 0.9 1.1
426k-450k 26 92 20 0.6 1.7
451k-475k 19 94 14 0.8 1.2
476k-500k 32 88 13 0.5 2.2
501k-550k 58 138 21 0.4 2.5
551k-600k 40 118 17 0.5 2
601k-650k 31 81 14 0.4 2.3
651k-700k 23 64 7 0.5 2.2
701k-750k 20 54 10 0.5 2.2
751k-800k 36 55 10 0.3 3.9
801k-850k 15 45 9 0.5 2
851k-900k 12 28 0.4 2.6
901k-950k 13 20 4 0.3 3.9
951k-1m 14 17 3 0.2 4.9
1m-1.1m 15 23 3 0.3 3.9
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 6 3 0.1 12
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 13% 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 19 2 0.5 2.2
376k-400k 1 17 2 2.8 0.4
401k-425k 4 2 0.1 12
426k-450k 5 9 3 0.3 3.3
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 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 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 2 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