Absorption Report

Chandler, Monterey Point II

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 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
26k-50k 1 1 0.2 0
151k-175k 1 0.2 0
201k-225k 3 1 0.5 0
226k-250k 1 0.2 0
251k-275k 2 3 0.3 4
276k-300k 4 2 0.7 0
301k-325k 14 4 2.3 0
326k-350k 10 34 6 0.6 1.8
351k-375k 17 66 15 0.6 1.5
376k-400k 23 85 13 0.6 1.6
401k-425k 21 88 18 0.7 1.4
426k-450k 38 69 10 0.3 3.3
451k-475k 32 64 9 0.3 3
476k-500k 28 63 4 0.4 2.7
501k-550k 68 143 17 0.4 2.9
551k-600k 71 133 29 0.3 3.2
601k-650k 59 94 12 0.3 3.8
651k-700k 50 85 16 0.3 3.5
701k-750k 42 82 8 0.3 3.1
751k-800k 30 68 14 0.4 2.6
801k-850k 18 32 5 0.3 3.4
851k-900k 28 26 8 0.2 6.5
901k-950k 27 16 2 0.1 10.1
951k-1m 20 15 2 0.1 8
1m-1.1m 13 18 2 0.2 4.3
1.1m-1.2m 8 10 2 0.2 4.8
1.2m-1.3m 6 11 1 0.3 3.3
1.3m-1.4m 6 4 0.1 9
1.4m-1.5m 2 5 0.4 2.4
1.5m-1.6m 4 4 1 0.2 6
1.6m-1.7m 3 0.5 0
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 2 0.3 3
2m-2.25m 3 0
2.25m-2.5m 5 1 0 30
2.75m-3m 1 1 0.2 6
3m-3.5m 2 1 0.3 0
4.5m-5m 1 0

Townhouses 18% 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
201k-225k 1 4 1 0.7 1.5
226k-250k 1 7 4 1.2 0.9
251k-275k 3 10 0.6 1.8
276k-300k 5 20 2 0.7 1.5
301k-325k 1 11 2 1.8 0.5
326k-350k 2 13 1 1.1 0.9
351k-375k 4 8 2 0.3 3
376k-400k 4 8 1 0.3 3
401k-425k 6 2 1 0.1 18
426k-450k 5 3 0.1 10
451k-475k 1 5 0.8 1.2
476k-500k 2 0.3 0
501k-550k 2 0.3 0
551k-600k 1 0.2 0
701k-750k 1 0.2 0

Condos 10% 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 2 2 0.2 6
201k-225k 1 0
226k-250k 2 1 0.1 12
251k-275k 2 0.3 0
301k-325k 2 2 1 0.2 6
326k-350k 2 2 2 0.2 6

Land 0% 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
1k-25k 2 0
126k-150k 1 0
151k-175k 3 1 0.1 18
176k-200k 4 0
201k-225k 1 0
226k-250k 2 0
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
351k-375k 2 1 0.1 12
376k-400k 2 0
401k-425k 2 1 0.1 12
426k-450k 4 1 0 24
451k-475k 3 3 0.2 6
476k-500k 3 1 0.1 18
501k-550k 3 1 0.1 18
551k-600k 3 0
601k-650k 1 1 0.2 6
751k-800k 1 0
851k-900k 1 0.2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.7m-1.8m 1 0
2.5m-2.75m 1 0
10.01m-11m 1 0.2 0