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 0.3 3
301k-325k 7 1 1.2 0
326k-350k 3 11 4 0.6 1.6
351k-375k 2 23 3 1.9 0.5
376k-400k 16 26 7 0.3 3.7
401k-425k 9 60 10 1.1 0.9
426k-450k 26 90 17 0.6 1.7
451k-475k 18 91 11 0.8 1.2
476k-500k 36 87 14 0.4 2.5
501k-550k 53 134 17 0.4 2.4
551k-600k 37 114 15 0.5 1.9
601k-650k 28 77 13 0.5 2.2
651k-700k 27 62 6 0.4 2.6
701k-750k 21 56 10 0.4 2.3
751k-800k 35 52 9 0.2 4
801k-850k 16 46 8 0.5 2.1
851k-900k 11 29 1 0.4 2.3
901k-950k 15 19 3 0.2 4.7
951k-1m 13 16 3 0.2 4.9
1m-1.1m 14 24 4 0.3 3.5
1.1m-1.2m 11 19 2 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 1 0.3 3
301k-325k 7 7 3 0.2 6
326k-350k 14 17 2 0.2 4.9
351k-375k 4 19 2 0.8 1.3
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 0.3 4
476k-500k 6 1 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 0.2 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 1 0.8 1.2
251k-275k 4 1 0.7 0
276k-300k 5 9 2 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 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 4 5 1 0.2 4.8
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 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