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 0.2 0
226k-250k 2 1 0.3 0
251k-275k 1 6 1 1
276k-300k 5 23 6 0.8 1.3
301k-325k 6 21 5 0.6 1.7
326k-350k 15 63 10 0.7 1.4
351k-375k 21 93 14 0.7 1.4
376k-400k 61 141 24 0.4 2.6
401k-425k 33 121 17 0.6 1.6
426k-450k 52 107 8 0.3 2.9
451k-475k 42 74 10 0.3 3.4
476k-500k 30 96 20 0.5 1.9
501k-550k 60 100 18 0.3 3.6
551k-600k 39 63 13 0.3 3.7
601k-650k 19 46 9 0.4 2.5
651k-700k 27 30 3 0.2 5.4
701k-750k 11 29 5 0.4 2.3
751k-800k 14 21 1 0.3 4
801k-850k 6 12 3 0.3 3
851k-900k 9 10 1 0.2 5.4
901k-950k 3 3 0.2 6
951k-1m 6 8 1 0.2 4.5
1m-1.1m 4 4 0.2 6
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 4 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 4 1 1 0 24
1.8m-1.9m 2 1 0.1 12
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 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
151k-175k 1 2 0.3 3
176k-200k 1 10 1 1.7 0.6
201k-225k 8 10 0.2 4.8
226k-250k 12 27 3 0.4 2.7
251k-275k 9 22 4 0.4 2.5
276k-300k 15 27 5 0.3 3.3
301k-325k 5 7 0.2 4.3
326k-350k 12 8 0.1 9
351k-375k 9 3 0.1 18
376k-400k 1 3 0.5 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
126k-150k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 7 4 2 0.1 10.5
201k-225k 1 2 0.3 3
226k-250k 4 5 0.2 4.8
251k-275k 3 5 1 0.3 3.6
276k-300k 1 1 0.2 6
301k-325k 2 0.3 0
326k-350k 2 0
351k-375k 3 2 0.1 9
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 1 0.2 0
101k-125k 1 1 0.2 6
126k-150k 1 0
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 1 0.2 6
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 2 0
3.5m-4m 1 1 1 0.2 6