Absorption Report

Glendale, AZ, House

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
101k-125k 1 0
176k-200k 2 1 0.3 0
201k-225k 3 1 0.5 0
226k-250k 1 3 0.5 2
251k-275k 1 5 1 0.8 1.2
276k-300k 4 18 5 0.8 1.3
301k-325k 5 25 5 0.8 1.2
326k-350k 13 66 12 0.8 1.2
351k-375k 24 92 20 0.6 1.6
376k-400k 57 139 24 0.4 2.5
401k-425k 40 128 11 0.5 1.9
426k-450k 50 126 19 0.4 2.4
451k-475k 51 78 9 0.3 3.9
476k-500k 40 92 16 0.4 2.6
501k-550k 57 102 19 0.3 3.4
551k-600k 37 71 12 0.3 3.1
601k-650k 28 39 10 0.2 4.3
651k-700k 22 34 2 0.3 3.9
701k-750k 18 30 6 0.3 3.6
751k-800k 8 20 3 0.4 2.4
801k-850k 11 15 3 0.2 4.4
851k-900k 9 11 1 0.2 4.9
901k-950k 3 2 0.1 9
951k-1m 4 11 2 0.5 2.2
1m-1.1m 5 5 2 0.2 6
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 5 1 0 30
1.3m-1.4m 3 0
1.4m-1.5m 1 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 5 0
1.8m-1.9m 2 1 0.1 12
2.25m-2.5m 1 0
2.75m-3m 1 0
4.5m-5m 1 0