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 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 16 26 7 0.3 3.7
401k-425k 10 61 10 1 1
426k-450k 26 93 18 0.6 1.7
451k-475k 18 91 11 0.8 1.2
476k-500k 35 87 14 0.4 2.4
501k-550k 54 133 17 0.4 2.4
551k-600k 41 116 15 0.5 2.1
601k-650k 28 79 13 0.5 2.1
651k-700k 25 63 6 0.4 2.4
701k-750k 20 55 9 0.5 2.2
751k-800k 36 53 8 0.2 4.1
801k-850k 16 46 8 0.5 2.1
851k-900k 11 29 1 0.4 2.3
901k-950k 15 19 4 0.2 4.7
951k-1m 13 17 3 0.2 4.6
1m-1.1m 16 23 3 0.2 4.2
1.1m-1.2m 11 19 3 0.3 3.5
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 1 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 2 7 2 0.6 1.7
276k-300k 3 6 2 0.3 3
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 8 3 0.3 3
451k-475k 6 9 1 0.3 4
476k-500k 7 1 1.2 0
501k-550k 5 13 1 0.4 2.3
551k-600k 5 5 1 0.2 6
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 15% 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 1 0.8 1.2
251k-275k 5 1 0.8 0
276k-300k 5 9 3 0.3 3.3
301k-325k 3 2 0.1 9
326k-350k 2 3 0.3 4
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 0% 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