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 19% 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 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 5 11 3 0.4 2.7
351k-375k 4 23 3 1 1
376k-400k 16 28 8 0.3 3.4
401k-425k 8 60 11 1.3 0.8
426k-450k 24 87 16 0.6 1.7
451k-475k 21 92 12 0.7 1.4
476k-500k 31 85 15 0.5 2.2
501k-550k 52 135 20 0.4 2.3
551k-600k 38 116 16 0.5 2
601k-650k 27 80 15 0.5 2
651k-700k 23 63 8 0.5 2.2
701k-750k 23 56 9 0.4 2.5
751k-800k 32 52 10 0.3 3.7
801k-850k 15 46 8 0.5 2
851k-900k 11 28 1 0.4 2.4
901k-950k 15 19 3 0.2 4.7
951k-1m 14 16 3 0.2 5.3
1m-1.1m 13 24 5 0.3 3.3
1.1m-1.2m 10 19 2 0.3 3.2
1.2m-1.3m 8 11 0.2 4.4
1.3m-1.4m 4 6 2 0.3 4
1.4m-1.5m 7 3 0.1 14
1.5m-1.6m 4 6 2 0.3 4
1.6m-1.7m 1 4 1 0.7 1.5
1.7m-1.8m 3 1 1 0.1 18
1.8m-1.9m 2 6 4 0.5 2
1.9m-2m 3 0.5 0
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 1 4 2 0.7 1.5
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 10% 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 3 7 2 0.4 2.6
276k-300k 3 6 1 0.3 3
301k-325k 6 7 3 0.2 5.1
326k-350k 14 17 2 0.2 4.9
351k-375k 3 19 2 1.1 0.9
376k-400k 2 18 3 1.5 0.7
401k-425k 3 2 0.1 9
426k-450k 4 7 3 0.3 3.4
451k-475k 5 10 1 0.3 3
476k-500k 6 1 0
501k-550k 5 13 1 0.4 2.3
551k-600k 4 5 1 0.2 4.8
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 19% 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 2 0.8 0
276k-300k 5 8 1 0.3 3.8
301k-325k 2 3 1 0.3 4
326k-350k 2 4 1 0.3 3
351k-375k 2 4 0.3 3
376k-400k 5 2 1 0.1 15
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 3 6 2 0.3 3
551k-600k 1 6 2 1 1
601k-650k 1 1 0.2 0

Land 25% 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 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 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0