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
51k-75k 1 0
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 1 8 1 1.3 0.8
326k-350k 2 9 3 0.8 1.3
351k-375k 1 25 3 4.2 0.2
376k-400k 13 27 8 0.3 2.9
401k-425k 8 60 12 1.3 0.8
426k-450k 29 92 15 0.5 1.9
451k-475k 20 91 15 0.8 1.3
476k-500k 30 91 16 0.5 2
501k-550k 60 136 20 0.4 2.6
551k-600k 43 122 19 0.5 2.1
601k-650k 33 84 15 0.4 2.4
651k-700k 27 65 9 0.4 2.5
701k-750k 22 56 13 0.4 2.4
751k-800k 37 55 7 0.2 4
801k-850k 19 43 6 0.4 2.7
851k-900k 11 31 1 0.5 2.1
901k-950k 14 21 4 0.3 4
951k-1m 14 18 2 0.2 4.7
1m-1.1m 16 23 3 0.2 4.2
1.1m-1.2m 9 21 5 0.4 2.6
1.2m-1.3m 7 12 1 0.3 3.5
1.3m-1.4m 6 5 1 0.1 7.2
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 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 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 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 2 7 1 0.6 1.7
276k-300k 3 6 2 0.3 3
301k-325k 6 7 3 0.2 5.1
326k-350k 12 17 3 0.2 4.2
351k-375k 6 16 1 0.4 2.3
376k-400k 2 18 1 1.5 0.7
401k-425k 3 3 0.2 6
426k-450k 5 7 1 0.2 4.3
451k-475k 6 9 3 0.3 4
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 27% 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 1 4 0.7 1.5
226k-250k 1 4 1 0.7 1.5
251k-275k 4 0.7 0
276k-300k 3 9 4 0.5 2
301k-325k 3 2 0.1 9
326k-350k 4 3 0.1 8
351k-375k 1 5 1 0.8 1.2
376k-400k 4 3 1 0.1 8
401k-425k 2 0
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 1 0.2 0

Land 25% 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
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