Absorption Report

Chandler

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 Since 12/31 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
151k-175k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 1 0.2 0
251k-275k 1 1 1 0.2 6
276k-300k 1 6 2 1 1
301k-325k 8 33 5 0.7 1.5
326k-350k 65 147 19 0.4 2.7
351k-375k 63 185 27 0.5 2
376k-400k 103 259 38 0.4 2.4
401k-425k 81 140 22 0.3 3.5
426k-450k 85 103 22 0.2 5
451k-475k 34 52 9 0.3 3.9
476k-500k 45 63 9 0.2 4.3
501k-550k 49 79 10 0.3 3.7
551k-600k 57 57 7 0.2 6
601k-650k 36 35 3 0.2 6.2
651k-700k 24 30 6 0.2 4.8
701k-750k 15 14 3 0.2 6.4
751k-800k 13 19 3 0.2 4.1
801k-850k 8 6 1 0.1 8
851k-900k 10 8 3 0.1 7.5
901k-950k 2 5 0.4 2.4
951k-1m 4 8 3 0.3 3
1m-1.1m 6 4 0.1 9
1.1m-1.2m 3 4 1 0.2 4.5
1.2m-1.3m 6 4 1 0.1 9
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4m-4.5m 2 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0

Townhouses 41% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
326k-350k 1 0.2 0
351k-375k 1 1 0.2 6
376k-400k 3 8 2 0.4 2.3
401k-425k 13 10 2 0.1 7.8
426k-450k 2 1 0.1 12
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 1 0
601k-650k 2 1 1 0.1 12

Land 6% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 1 1 0.2 6
26k-50k 10 12 3 0.2 5
51k-75k 6 4 0.1 9
76k-100k 27 12 2 0.1 13.5
101k-125k 18 6 0.1 18
126k-150k 9 12 4 0.2 4.5
151k-175k 8 4 0.1 12
176k-200k 14 2 0 42
201k-225k 5 4 2 0.1 7.5
226k-250k 5 2 0.1 15
251k-275k 3 2 0.1 9
276k-300k 5 2 0.1 15
301k-325k 6 3 1 0.1 12
326k-350k 6 5 0.1 7.2
351k-375k 3 0
376k-400k 7 1 0 42
401k-425k 1 0
426k-450k 2 2 1 0.2 6
451k-475k 3 2 0.1 9
476k-500k 4 0
551k-600k 3 0
601k-650k 4 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
851k-900k 1 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 3 0
3m-3.5m 1 0
3.5m-4m 4 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 1 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 1 0.3 0
15.01m-16m 1 0
27.01m-28m 1 0