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 19% 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
51k-75k 1 0
201k-225k 1 1 0.2 6
226k-250k 1 0.2 0
276k-300k 1 2 1 0.3 3
301k-325k 1 8 1 1.3 0.8
326k-350k 2 9 3 0.8 1.3
351k-375k 1 26 3 4.3 0.2
376k-400k 12 26 6 0.4 2.8
401k-425k 8 59 11 1.2 0.8
426k-450k 30 90 15 0.5 2
451k-475k 16 93 16 1 1
476k-500k 32 90 14 0.5 2.1
501k-550k 58 138 20 0.4 2.5
551k-600k 44 122 17 0.5 2.2
601k-650k 32 83 13 0.4 2.3
651k-700k 26 67 11 0.4 2.3
701k-750k 23 57 14 0.4 2.4
751k-800k 36 55 7 0.3 3.9
801k-850k 16 43 6 0.4 2.2
851k-900k 10 31 1 0.5 1.9
901k-950k 13 22 4 0.3 3.5
951k-1m 14 17 2 0.2 4.9
1m-1.1m 15 23 4 0.3 3.9
1.1m-1.2m 9 21 5 0.4 2.6
1.2m-1.3m 8 14 1 0.3 3.4
1.3m-1.4m 7 5 2 0.1 8.4
1.4m-1.5m 6 3 1 0.1 12
1.5m-1.6m 3 6 2 0.3 3
1.6m-1.7m 3 4 1 0.2 4.5
1.7m-1.8m 5 0
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 2 3 0.3 4
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 3 2 1 0.1 9
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 1 0.1 12
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 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
176k-200k 1 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 2 7 1 0.6 1.7
276k-300k 3 6 2 0.3 3
301k-325k 7 5 1 0.1 8.4
326k-350k 10 17 3 0.3 3.5
351k-375k 7 16 1 0.4 2.6
376k-400k 2 18 2 1.5 0.7
401k-425k 3 3 0.2 6
426k-450k 5 7 1 0.2 4.3
451k-475k 6 10 4 0.3 3.6
476k-500k 9 2 1.5 0
501k-550k 5 14 1 0.5 2.1
551k-600k 5 6 1 0.2 5
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 21% 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
176k-200k 1 0.2 0
201k-225k 1 4 0.7 1.5
226k-250k 1 4 1 0.7 1.5
251k-275k 4 0.7 0
276k-300k 4 9 4 0.4 2.7
301k-325k 4 2 0.1 12
326k-350k 4 3 0.1 8
351k-375k 2 4 0.3 3
376k-400k 4 3 1 0.1 8
401k-425k 2 2 0.2 6
426k-450k 2 0
451k-475k 1 1 0.2 0
476k-500k 1 3 1 0.5 2
501k-550k 4 7 2 0.3 3.4
551k-600k 1 4 1 0.7 1.5
601k-650k 1 0

Land 25% 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
176k-200k 1 0.2 0
501k-550k 1 2 0.3 3
551k-600k 3 0
651k-700k 1 5 0.8 1.2
701k-750k 1 2 0.3 3
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