Absorption Report

Glendale

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 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 0.2 0
176k-200k 2 1 0.3 0
201k-225k 2 1 0.3 0
226k-250k 1 3 0.5 2
251k-275k 5 1 0.8 0
276k-300k 8 15 2 0.3 3.2
301k-325k 5 25 5 0.8 1.2
326k-350k 17 65 14 0.6 1.6
351k-375k 24 88 21 0.6 1.6
376k-400k 57 142 23 0.4 2.4
401k-425k 43 131 14 0.5 2
426k-450k 55 123 15 0.4 2.7
451k-475k 49 85 9 0.3 3.5
476k-500k 33 92 16 0.5 2.2
501k-550k 60 101 20 0.3 3.6
551k-600k 39 73 10 0.3 3.2
601k-650k 32 39 7 0.2 4.9
651k-700k 24 37 2 0.3 3.9
701k-750k 23 31 4 0.2 4.5
751k-800k 9 19 3 0.4 2.8
801k-850k 10 17 4 0.3 3.5
851k-900k 11 10 0.2 6.6
901k-950k 3 3 0.2 6
951k-1m 5 12 2 0.4 2.5
1m-1.1m 4 5 2 0.2 4.8
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 3 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 4 0
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.1 12
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
4.5m-5m 1 0

Townhouses 15% 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
151k-175k 1 1 0.2 6
176k-200k 3 10 2 0.6 1.8
201k-225k 2 19 6 1.6 0.6
226k-250k 18 27 5 0.3 4
251k-275k 9 20 3 0.4 2.7
276k-300k 19 28 2 0.2 4.1
301k-325k 6 15 2 0.4 2.4
326k-350k 8 8 1 0.2 6
351k-375k 12 2 1 0 36
376k-400k 1 5 1 0.8 1.2
401k-425k 1 0.2 0
426k-450k 1 0
451k-475k 1 0

Condos 4% 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 0
151k-175k 3 0.5 0
176k-200k 6 3 0.1 12
201k-225k 2 2 0.2 6
226k-250k 3 5 1 0.3 3.6
251k-275k 5 5 0.2 6
276k-300k 2 1 0.3 0
301k-325k 2 0.3 0
326k-350k 2 0
351k-375k 5 2 0.1 15
376k-400k 1 1 0.2 6

Land 5% 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 0
101k-125k 2 1 0.3 0
126k-150k 1 0
151k-175k 2 1 1 0.1 12
226k-250k 3 0
251k-275k 1 0.2 0
276k-300k 2 0
326k-350k 1 1 1 0.2 6
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0
651k-700k 1 0
751k-800k 1 0
1.5m-1.6m 1 0
2.75m-3m 2 0
3.5m-4m 1 0
7.01m-8m 1 0
10.01m-11m 1 0