Absorption Report

Goodyear, 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 17% 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
1k-25k 1 0
226k-250k 2 1 0.3 0
251k-275k 1 0.2 0
276k-300k 2 1 0.3 0
301k-325k 5 0.8 0
326k-350k 2 16 1 1.3 0.8
351k-375k 11 41 6 0.6 1.6
376k-400k 37 81 15 0.4 2.7
401k-425k 54 103 19 0.3 3.1
426k-450k 71 98 13 0.2 4.3
451k-475k 64 83 11 0.2 4.6
476k-500k 54 84 19 0.3 3.9
501k-550k 81 120 19 0.2 4.1
551k-600k 51 65 17 0.2 4.7
601k-650k 36 45 10 0.2 4.8
651k-700k 26 37 6 0.2 4.2
701k-750k 12 18 2 0.3 4
751k-800k 19 19 5 0.2 6
801k-850k 9 15 2 0.3 3.6
851k-900k 11 5 1 0.1 13.2
901k-950k 7 3 2 0.1 14
951k-1m 6 6 3 0.2 6
1m-1.1m 5 6 1 0.2 5
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 5 2 1 0.1 15
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 2 1 0.3 3
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0

Townhouses 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
226k-250k 1 1 0.2 0
276k-300k 1 2 0.3 3
301k-325k 1 2 1 0.3 3
326k-350k 3 6 1 0.3 3
351k-375k 1 1 0.2 6
376k-400k 2 0.3 0
401k-425k 1 1 0.2 6
426k-450k 2 1 1 0.1 12
451k-475k 1 1 0.2 6
476k-500k 1 3 0.5 2
501k-550k 3 5 0.3 3.6
551k-600k 2 0
651k-700k 1 1 0.2 6
701k-750k 1 0

Condos 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
301k-325k 1 0

Land 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
26k-50k 3 0
51k-75k 3 1 0.1 18
76k-100k 1 2 0.3 3
101k-125k 7 2 0 21
126k-150k 7 5 0.1 8.4
151k-175k 3 4 1 0.2 4.5
176k-200k 4 4 2 0.2 6
201k-225k 2 2 0.2 6
226k-250k 3 0
251k-275k 2 1 0.1 12
276k-300k 1 0
326k-350k 2 0
376k-400k 1 0
401k-425k 1 0
426k-450k 4 0
476k-500k 1 0
551k-600k 1 0.2 0
751k-800k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.8m-1.9m 1 0
2.75m-3m 1 0
3m-3.5m 1 1 1 0.2 6
3.5m-4m 2 0