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 18% 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 2 1 0.3 0
251k-275k 1 6 1 1
276k-300k 4 24 4 1 1
301k-325k 2 17 4 1.4 0.7
326k-350k 21 61 10 0.5 2.1
351k-375k 18 92 12 0.9 1.2
376k-400k 62 134 19 0.4 2.8
401k-425k 35 121 21 0.6 1.7
426k-450k 59 105 11 0.3 3.4
451k-475k 36 73 9 0.3 3
476k-500k 30 95 17 0.5 1.9
501k-550k 60 102 16 0.3 3.5
551k-600k 45 60 13 0.2 4.5
601k-650k 22 46 10 0.3 2.9
651k-700k 31 30 4 0.2 6.2
701k-750k 14 29 4 0.3 2.9
751k-800k 12 21 2 0.3 3.4
801k-850k 7 12 0.3 3.5
851k-900k 9 11 1 0.2 4.9
901k-950k 6 3 0.1 12
951k-1m 4 8 1 0.3 3
1m-1.1m 3 4 0.2 4.5
1.1m-1.2m 4 3 0.1 8
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
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 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
151k-175k 1 1 0.2 0
176k-200k 1 11 1 1.8 0.5
201k-225k 6 12 2 0.3 3
226k-250k 16 27 5 0.3 3.6
251k-275k 12 20 4 0.3 3.6
276k-300k 13 25 5 0.3 3.1
301k-325k 9 8 1 0.1 6.8
326k-350k 12 8 1 0.1 9
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
101k-125k 1 0
151k-175k 1 0.2 0
176k-200k 7 4 2 0.1 10.5
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 1 0.2 6
326k-350k 1 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