Absorption Report

Glendale, 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 17% 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
26k-50k 1 0.2 0
176k-200k 2 1 0.3 0
201k-225k 1 0.2 0
226k-250k 3 1 0.5 0
251k-275k 1 6 1 1
276k-300k 5 23 5 0.8 1.3
301k-325k 3 17 3 0.9 1.1
326k-350k 21 62 10 0.5 2
351k-375k 15 92 12 1 1
376k-400k 59 136 20 0.4 2.6
401k-425k 34 117 16 0.6 1.7
426k-450k 58 105 11 0.3 3.3
451k-475k 39 73 8 0.3 3.2
476k-500k 29 94 16 0.5 1.9
501k-550k 59 101 19 0.3 3.5
551k-600k 42 59 12 0.2 4.3
601k-650k 19 49 12 0.4 2.3
651k-700k 29 29 3 0.2 6
701k-750k 13 29 5 0.4 2.7
751k-800k 15 20 1 0.2 4.5
801k-850k 6 12 1 0.3 3
851k-900k 9 11 1 0.2 4.9
901k-950k 5 3 0.1 10
951k-1m 4 8 1 0.3 3
1m-1.1m 3 4 0.2 4.5
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 2 3 2 0.3 4
1.3m-1.4m 4 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 2 2 1 0.2 6
1.8m-1.9m 2 1 0.1 12
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 11% 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
151k-175k 1 0
176k-200k 1 11 1 1.8 0.5
201k-225k 8 10 0.2 4.8
226k-250k 15 26 4 0.3 3.5
251k-275k 12 19 3 0.3 3.8
276k-300k 13 25 5 0.3 3.1
301k-325k 7 7 0.2 6
326k-350k 13 7 0.1 11.1
351k-375k 10 3 0.1 20
376k-400k 2 2 0.2 6
401k-425k 1 0.2 0
451k-475k 1 0

Condos 5% 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
126k-150k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 6 4 2 0.1 9
201k-225k 1 0.2 0
226k-250k 3 7 2 0.4 2.6
251k-275k 2 5 1 0.4 2.4
276k-300k 1 1 0.2 6
301k-325k 1 0.2 0
326k-350k 2 0
351k-375k 3 1 0.1 18
376k-400k 1 1 0.2 6

Land 0% 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
26k-50k 1 0.2 0
101k-125k 1 1 0.2 6
151k-175k 1 2 0.3 3
226k-250k 2 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 1 0.2 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
651k-700k 1 0
1.5m-1.6m 1 0
2.75m-3m 1 0
3.5m-4m 2 1 1 0.1 12