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
176k-200k 1 0
201k-225k 2 1 0.3 0
251k-275k 1 1 0.2 0
276k-300k 1 3 1 0.5 2
301k-325k 2 6 1 0.5 2
326k-350k 4 12 2 0.5 2
351k-375k 3 27 7 1.5 0.7
376k-400k 15 32 8 0.4 2.8
401k-425k 10 61 8 1 1
426k-450k 20 81 10 0.7 1.5
451k-475k 18 86 14 0.8 1.3
476k-500k 30 81 12 0.5 2.2
501k-550k 47 139 21 0.5 2
551k-600k 48 111 19 0.4 2.6
601k-650k 24 71 11 0.5 2
651k-700k 20 62 13 0.5 1.9
701k-750k 15 49 8 0.5 1.8
751k-800k 20 48 11 0.4 2.5
801k-850k 18 36 3 0.3 3
851k-900k 10 21 2 0.4 2.9
901k-950k 16 18 3 0.2 5.3
951k-1m 15 14 2 0.2 6.4
1m-1.1m 13 22 3 0.3 3.5
1.1m-1.2m 11 15 3 0.2 4.4
1.2m-1.3m 9 9 1 0.2 6
1.3m-1.4m 5 5 1 0.2 6
1.4m-1.5m 2 4 2 0.3 3
1.5m-1.6m 2 6 1 0.5 2
1.6m-1.7m 4 0.7 0
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 1 4 0.7 1.5
1.9m-2m 2 2 0.2 6
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 2 0.3 3
2.5m-2.75m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 1 0

Townhouses 13% 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 1 0.5 0
251k-275k 1 5 0.8 1.2
276k-300k 2 6 1 0.5 2
301k-325k 8 8 0.2 6
326k-350k 8 20 3 0.4 2.4
351k-375k 4 16 1 0.7 1.5
376k-400k 5 17 2 0.6 1.8
401k-425k 3 3 0.2 6
426k-450k 6 8 3 0.2 4.5
451k-475k 4 10 1 0.4 2.4
476k-500k 1 3 0.5 2
501k-550k 6 9 0.3 4
551k-600k 3 5 1 0.3 3.6
601k-650k 1 1 1 0.2 6
651k-700k 1 0.2 0
751k-800k 1 0

Condos 6% 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
201k-225k 2 1 0.1 12
226k-250k 1 5 0.8 1.2
251k-275k 5 1 0.8 0
276k-300k 6 8 1 0.2 4.5
301k-325k 4 1 0.7 0
326k-350k 5 3 0.1 10
351k-375k 4 3 0.1 8
376k-400k 4 2 0.1 12
401k-425k 5 0
426k-450k 2 0
451k-475k 1 1 0.2 6
476k-500k 2 3 0.3 4
501k-550k 1 6 1 1 1
551k-600k 1 8 1 1.3 0.8

Land 30% 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 3 3 1 0.2 6
551k-600k 1 0
651k-700k 1 5 0.8 1.2
801k-850k 1 1 1 0.2 6
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 1 0.2 0
1.6m-1.7m 1 0
1.9m-2m 1 0
3.5m-4m 1 0