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 21% 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
201k-225k 1 0.2 0
251k-275k 1 1 0.2 0
276k-300k 2 2 0.2 6
301k-325k 2 7 2 0.6 1.7
326k-350k 6 11 1 0.3 3.3
351k-375k 1 22 2 3.7 0.3
376k-400k 14 31 13 0.4 2.7
401k-425k 9 57 5 1.1 0.9
426k-450k 23 85 15 0.6 1.6
451k-475k 14 91 17 1.1 0.9
476k-500k 27 90 17 0.6 1.8
501k-550k 48 140 23 0.5 2.1
551k-600k 39 111 19 0.5 2.1
601k-650k 21 78 18 0.6 1.6
651k-700k 19 67 14 0.6 1.7
701k-750k 19 49 8 0.4 2.3
751k-800k 27 53 12 0.3 3.1
801k-850k 13 44 6 0.6 1.8
851k-900k 12 27 2 0.4 2.7
901k-950k 14 17 0.2 4.9
951k-1m 17 16 4 0.2 6.4
1m-1.1m 10 25 5 0.4 2.4
1.1m-1.2m 7 18 3 0.4 2.3
1.2m-1.3m 10 12 2 0.2 5
1.3m-1.4m 6 6 2 0.2 6
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 3 6 1 0.3 3
1.6m-1.7m 1 4 0.7 1.5
1.7m-1.8m 2 0
1.8m-1.9m 1 5 3 0.8 1.2
1.9m-2m 1 2 0.3 3
2m-2.25m 1 2 0.3 3
2.25m-2.5m 2 1 0.3 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
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 2 0.3 0
251k-275k 2 8 2 0.7 1.5
276k-300k 2 8 2 0.7 1.5
301k-325k 7 8 3 0.2 5.3
326k-350k 13 18 1 0.2 4.3
351k-375k 3 18 3 1 1
376k-400k 2 19 4 1.6 0.6
401k-425k 3 3 1 0.2 6
426k-450k 3 8 2 0.4 2.3
451k-475k 5 9 1 0.3 3.3
476k-500k 2 5 0.4 2.4
501k-550k 4 11 0.5 2.2
551k-600k 6 5 0.1 7.2
601k-650k 1 1 1 0.2 6
651k-700k 1 0.2 0
751k-800k 1 0

Condos 26% 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 2 1 0.1 12
226k-250k 1 5 1 0.8 1.2
251k-275k 4 1 0.7 0
276k-300k 1 11 5 1.8 0.5
301k-325k 1 3 1 0.5 2
326k-350k 3 3 0.2 6
351k-375k 2 5 1 0.4 2.4
376k-400k 5 2 1 0.1 15
401k-425k 4 0
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 3 1 0.3 4
501k-550k 2 6 2 0.5 2
551k-600k 1 7 3 1.2 0.9

Land 26% 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 5 0.8 1.2
701k-750k 1 0.2 0
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 0
1.6m-1.7m 1 0
3.5m-4m 1 0