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 16% 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 1 0.2 0
226k-250k 1 3 0.5 2
251k-275k 1 5 1 0.8 1.2
276k-300k 5 18 5 0.6 1.7
301k-325k 6 25 4 0.7 1.4
326k-350k 14 64 12 0.8 1.3
351k-375k 26 91 17 0.6 1.7
376k-400k 55 140 21 0.4 2.4
401k-425k 39 129 13 0.6 1.8
426k-450k 47 122 18 0.4 2.3
451k-475k 51 76 10 0.2 4
476k-500k 41 92 16 0.4 2.7
501k-550k 59 102 14 0.3 3.5
551k-600k 40 68 10 0.3 3.5
601k-650k 28 37 10 0.2 4.5
651k-700k 23 33 2 0.2 4.2
701k-750k 18 30 7 0.3 3.6
751k-800k 8 19 2 0.4 2.5
801k-850k 11 15 2 0.2 4.4
851k-900k 8 12 2 0.3 4
901k-950k 3 3 1 0.2 6
951k-1m 4 11 2 0.5 2.2
1m-1.1m 5 5 1 0.2 6
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 6 1 0 36
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

Townhouses 11% 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 6
176k-200k 4 12 3 0.5 2
201k-225k 4 14 3 0.6 1.7
226k-250k 15 29 6 0.3 3.1
251k-275k 10 20 3 0.3 3
276k-300k 20 28 3 0.2 4.3
301k-325k 6 13 1 0.4 2.8
326k-350k 8 7 1 0.1 6.9
351k-375k 11 3 2 0 22
376k-400k 1 5 1 0.8 1.2
401k-425k 1 0.2 0
451k-475k 1 0

Condos 4% 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 3 0.5 0
176k-200k 7 3 0.1 14
201k-225k 2 2 0.2 6
226k-250k 2 5 1 0.4 2.4
251k-275k 4 5 0.2 4.8
276k-300k 2 1 0.3 0
301k-325k 2 0.3 0
326k-350k 2 0
351k-375k 4 2 0.1 12
376k-400k 1 1 0.2 6

Land 9% 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
51k-75k 1 0
101k-125k 2 0.3 0
126k-150k 1 0
151k-175k 1 2 2 0.3 3
226k-250k 3 0
276k-300k 1 1 1 0.2 6
301k-325k 1 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
701k-750k 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