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 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
226k-250k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 2 0.3 0
301k-325k 1 9 4 1.5 0.7
326k-350k 2 14 2 1.2 0.9
351k-375k 11 38 6 0.6 1.7
376k-400k 37 79 20 0.4 2.8
401k-425k 48 101 16 0.4 2.9
426k-450k 64 101 18 0.3 3.8
451k-475k 62 80 13 0.2 4.7
476k-500k 50 85 17 0.3 3.5
501k-550k 87 106 14 0.2 4.9
551k-600k 53 62 12 0.2 5.1
601k-650k 27 43 6 0.3 3.8
651k-700k 20 31 2 0.3 3.9
701k-750k 14 18 3 0.2 4.7
751k-800k 17 17 4 0.2 6
801k-850k 10 15 2 0.3 4
851k-900k 12 4 2 0.1 18
901k-950k 5 4 0.1 7.5
951k-1m 10 6 1 0.1 10
1m-1.1m 4 5 0.2 4.8
1.1m-1.2m 4 4 0.2 6
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0

Townhouses 6% 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 0.2 0
276k-300k 1 2 0.3 3
301k-325k 1 3 0.5 2
326k-350k 4 3 0.1 8
376k-400k 1 0.2 0
401k-425k 1 1 0.2 6
426k-450k 3 1 0.1 18
451k-475k 1 0.2 0
476k-500k 1 3 1 0.5 2
501k-550k 2 6 2 0.5 2
551k-600k 2 0
601k-650k 1 0
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 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 2 1 0.1 12
76k-100k 1 2 0.3 3
101k-125k 5 3 2 0.1 10
126k-150k 6 8 1 0.2 4.5
151k-175k 3 5 2 0.3 3.6
176k-200k 2 5 1 0.4 2.4
201k-225k 2 0
226k-250k 3 0
251k-275k 3 0
276k-300k 1 0
326k-350k 2 0
351k-375k 1 0
376k-400k 1 0
401k-425k 2 0
426k-450k 3 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 2 0
3.5m-4m 2 0