Absorption Report

Glendale, Phoenix, Greenway High School

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 11% 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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 4 0.7 0
426k-450k 1 0
451k-475k 7 1 1.2 0
476k-500k 2 8 3 0.7 1.5
501k-550k 9 27 7 0.5 2
551k-600k 21 49 8 0.4 2.6
601k-650k 37 68 12 0.3 3.3
651k-700k 53 108 13 0.3 2.9
701k-750k 52 82 11 0.3 3.8
751k-800k 40 84 12 0.4 2.9
801k-850k 51 79 15 0.3 3.9
851k-900k 49 105 18 0.4 2.8
901k-950k 33 66 12 0.3 3
951k-1m 48 72 13 0.3 4
1m-1.1m 58 114 23 0.3 3.1
1.1m-1.2m 43 111 26 0.4 2.3
1.2m-1.3m 56 79 18 0.2 4.3
1.3m-1.4m 54 75 8 0.2 4.3
1.4m-1.5m 54 70 14 0.2 4.6
1.5m-1.6m 31 61 9 0.3 3
1.6m-1.7m 37 53 13 0.2 4.2
1.7m-1.8m 34 56 13 0.3 3.6
1.8m-1.9m 36 38 6 0.2 5.7
1.9m-2m 41 35 8 0.1 7
2m-2.25m 38 64 11 0.3 3.6
2.25m-2.5m 74 59 6 0.1 7.5
2.5m-2.75m 29 30 5 0.2 5.8
2.75m-3m 59 38 6 0.1 9.3
3m-3.5m 47 44 9 0.2 6.4
3.5m-4m 41 35 7 0.1 7
4m-4.5m 35 21 4 0.1 10
4.5m-5m 39 14 7 0.1 16.7
5.01m-6m 48 15 2 0.1 19.2
6.01m-7m 23 10 2 0.1 13.8
7.01m-8m 13 5 1 0.1 15.6
8.01m-9m 8 3 0.1 16
9.01m-10m 4 4 0.2 6
10.01m-11m 2 1 0.1 12
11.01m-12m 1 0
12.01m-13m 2 0
13.01m-14m 1 0
14.01m-15m 4 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 2 0
21.01m-22m 1 0
22.01m-23m 1 0
23.01m-24m 1 0
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 12% 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 7 2 2 0 21
201k-225k 3 1 0.1 18
226k-250k 4 1 1 0 24
251k-275k 1 6 4 1 1
276k-300k 5 8 1 0.3 3.8
301k-325k 4 14 4 0.6 1.7
326k-350k 9 15 2 0.3 3.6
351k-375k 10 15 4 0.3 4
376k-400k 7 14 3 0.3 3
401k-425k 7 22 2 0.5 1.9
426k-450k 19 22 3 0.2 5.2
451k-475k 14 19 4 0.2 4.4
476k-500k 19 36 3 0.3 3.2
501k-550k 22 41 13 0.3 3.2
551k-600k 19 42 7 0.4 2.7
601k-650k 30 47 6 0.3 3.8
651k-700k 36 31 8 0.1 7
701k-750k 19 32 5 0.3 3.6
751k-800k 27 18 2 0.1 9
801k-850k 21 20 4 0.2 6.3
851k-900k 16 30 8 0.3 3.2
901k-950k 10 15 3 0.3 4
951k-1m 5 11 2 0.4 2.7
1m-1.1m 6 3 2 0.1 12
1.1m-1.2m 12 16 6 0.2 4.5
1.2m-1.3m 8 6 2 0.1 8
1.3m-1.4m 7 2 0 21
1.4m-1.5m 9 3 0.1 18
1.5m-1.6m 4 1 0 24
1.6m-1.7m 5 2 1 0.1 15
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 3 1 0.1 14
2.5m-2.75m 5 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12

Condos 11% 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
76k-100k 1 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 1 1 0.1 12
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 3 0.4 2.8
251k-275k 19 28 4 0.2 4.1
276k-300k 39 32 2 0.1 7.3
301k-325k 20 37 8 0.3 3.2
326k-350k 31 41 9 0.2 4.5
351k-375k 20 23 3 0.2 5.2
376k-400k 39 40 9 0.2 5.9
401k-425k 23 39 9 0.3 3.5
426k-450k 22 28 3 0.2 4.7
451k-475k 15 17 5 0.2 5.3
476k-500k 8 17 6 0.4 2.8
501k-550k 13 15 1 0.2 5.2
551k-600k 2 11 4 0.9 1.1
601k-650k 10 6 0.1 10
651k-700k 11 11 2 0.2 6
701k-750k 14 9 0.1 9.3
751k-800k 10 7 0.1 8.6
801k-850k 13 3 1 0 26
851k-900k 6 1 1 0 36
901k-950k 7 5 1 0.1 8.4
951k-1m 4 4 2 0.2 6
1m-1.1m 2 0
1.1m-1.2m 8 5 1 0.1 9.6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 5 0
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 4 4 2 0.2 6
2.25m-2.5m 3 6 2 0.3 3
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 2 2 1 0.2 6
3m-3.5m 9 4 0.1 13.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 0
4.5m-5m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0

Land 7% 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
51k-75k 1 2 0.3 3
76k-100k 4 2 0.1 12
101k-125k 5 1 0 30
126k-150k 13 3 0 26
151k-175k 7 4 1 0.1 10.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 0 24
251k-275k 2 0
276k-300k 3 2 1 0.1 9
301k-325k 2 2 0.2 6
326k-350k 2 1 0.1 12
351k-375k 4 2 1 0.1 12
376k-400k 5 4 0.1 7.5
401k-425k 1 3 1 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 7 7 3 0.2 6
551k-600k 8 4 1 0.1 12
601k-650k 7 1 1 0 42
651k-700k 5 3 0.1 10
701k-750k 6 1 1 0 36
751k-800k 3 0
801k-850k 5 4 1 0.1 7.5
851k-900k 5 0
901k-950k 2 2 1 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 6 2 1 0.1 18
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 3 1 0.1 14
1.4m-1.5m 7 3 2 0.1 14
1.5m-1.6m 3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 0
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
2m-2.25m 2 0
2.25m-2.5m 7 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0