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 1 0.2 0
226k-250k 1 0.2 0
276k-300k 1 2 1 0.3 3
301k-325k 7 1 1.2 0
326k-350k 2 10 4 0.8 1.2
351k-375k 1 23 3 3.8 0.3
376k-400k 14 27 6 0.3 3.1
401k-425k 9 62 12 1.1 0.9
426k-450k 27 92 19 0.6 1.8
451k-475k 18 90 10 0.8 1.2
476k-500k 33 87 12 0.4 2.3
501k-550k 60 138 21 0.4 2.6
551k-600k 40 116 15 0.5 2.1
601k-650k 33 79 11 0.4 2.5
651k-700k 25 63 6 0.4 2.4
701k-750k 20 53 9 0.4 2.3
751k-800k 36 54 9 0.3 4
801k-850k 17 44 8 0.4 2.3
851k-900k 13 28 0.4 2.8
901k-950k 13 20 3 0.3 3.9
951k-1m 14 18 4 0.2 4.7
1m-1.1m 15 23 3 0.3 3.9
1.1m-1.2m 10 20 3 0.3 3
1.2m-1.3m 8 12 1 0.3 4
1.3m-1.4m 6 5 1 0.1 7.2
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 4 6 2 0.3 4
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 5 0
1.8m-1.9m 1 4 1 0.7 1.5
1.9m-2m 1 3 0.5 2
2m-2.25m 1 2 1 0.3 3
2.25m-2.5m 2 3 2 0.3 4
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 14% 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 1 0.6 1.7
276k-300k 3 6 2 0.3 3
301k-325k 7 7 3 0.2 6
326k-350k 12 17 2 0.2 4.2
351k-375k 7 18 2 0.4 2.3
376k-400k 1 17 2 2.8 0.4
401k-425k 4 2 0.1 12
426k-450k 5 8 2 0.3 3.8
451k-475k 6 8 2 0.2 4.5
476k-500k 9 1 1.5 0
501k-550k 5 13 1 0.4 2.3
551k-600k 5 6 1 0.2 5
601k-650k 2 0
651k-700k 1 0.2 0
751k-800k 1 0

Condos 22% 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 4 1 0.7 1.5
251k-275k 4 0.7 0
276k-300k 3 8 3 0.4 2.3
301k-325k 3 2 0.1 9
326k-350k 4 3 0.1 8
351k-375k 2 5 1 0.4 2.4
376k-400k 5 3 0.1 10
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 6 1 0.3 4
551k-600k 1 4 1 0.7 1.5
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 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