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 18% 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 7 16 3 0.4 2.6
301k-325k 5 25 5 0.8 1.2
326k-350k 15 66 15 0.7 1.4
351k-375k 23 88 21 0.6 1.6
376k-400k 58 143 25 0.4 2.4
401k-425k 42 132 13 0.5 1.9
426k-450k 52 128 19 0.4 2.4
451k-475k 48 85 10 0.3 3.4
476k-500k 36 92 15 0.4 2.3
501k-550k 56 100 19 0.3 3.4
551k-600k 39 74 11 0.3 3.2
601k-650k 32 38 7 0.2 5.1
651k-700k 24 37 2 0.3 3.9
701k-750k 23 30 3 0.2 4.6
751k-800k 8 21 5 0.4 2.3
801k-850k 12 17 4 0.2 4.2
851k-900k 9 10 0.2 5.4
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 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
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 17 28 6 0.3 3.6
251k-275k 8 21 4 0.4 2.3
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 1 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