Absorption Report

Goodyear, PebbleCreek

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 31% 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
251k-275k 6 4 1 0
276k-300k 6 1 1 0
301k-325k 6 35 9 1 1
326k-350k 30 79 17 0.4 2.3
351k-375k 45 137 33 0.5 2
376k-400k 77 157 40 0.3 2.9
401k-425k 52 145 30 0.5 2.2
426k-450k 62 141 20 0.4 2.6
451k-475k 38 78 15 0.3 2.9
476k-500k 40 85 23 0.4 2.8
501k-550k 48 88 24 0.3 3.3
551k-600k 19 45 7 0.4 2.5
601k-650k 23 28 6 0.2 4.9
651k-700k 10 15 2 0.3 4
701k-750k 14 15 4 0.2 5.6
751k-800k 5 20 5 0.7 1.5
801k-850k 6 5 1 0.1 7.2
851k-900k 4 5 0.2 4.8
901k-950k 4 1 0.7 0
951k-1m 3 0
1m-1.1m 6 3 0.1 12
1.1m-1.2m 2 3 1 0.3 4
1.2m-1.3m 2 0.3 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
3m-3.5m 1 0

Townhouses 0% 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
401k-425k 1 0.2 0
426k-450k 1 0
476k-500k 1 0
501k-550k 2 1 0.1 12
651k-700k 1 0

Land 7% 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
76k-100k 2 2 1 0.2 6
101k-125k 4 1 0 24
126k-150k 3 0
151k-175k 3 1 0.1 18
176k-200k 8 1.3 0
201k-225k 1 3 1 0.5 2
226k-250k 4 1 0 24
251k-275k 3 0
276k-300k 1 1 0.2 0
301k-325k 1 1 1 0.2 6
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0
501k-550k 2 1 1 0.1 12
551k-600k 2 0.3 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 4 0
801k-850k 2 1 0.1 12
851k-900k 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0