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 19% 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 1 0.3 0
301k-325k 1 5 0.8 1.2
326k-350k 2 14 1 1.2 0.9
351k-375k 9 39 11 0.7 1.4
376k-400k 32 82 23 0.4 2.3
401k-425k 51 99 16 0.3 3.1
426k-450k 68 95 11 0.2 4.3
451k-475k 60 85 17 0.2 4.2
476k-500k 51 81 16 0.3 3.8
501k-550k 75 110 17 0.2 4.1
551k-600k 53 60 14 0.2 5.3
601k-650k 30 43 6 0.2 4.2
651k-700k 19 30 3 0.3 3.8
701k-750k 13 16 1 0.2 4.9
751k-800k 20 16 2 0.1 7.5
801k-850k 11 15 3 0.2 4.4
851k-900k 10 4 2 0.1 15
901k-950k 7 4 2 0.1 10.5
951k-1m 9 6 2 0.1 9
1m-1.1m 6 5 0.1 7.2
1.1m-1.2m 4 4 1 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 1 0.2 6
1.5m-1.6m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 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 5 0.2 4.8
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 5 1 0.4 2.4
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 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 4 2 0.1 7.5
126k-150k 6 8 1 0.2 4.5
151k-175k 2 5 2 0.4 2.4
176k-200k 3 4 0.2 4.5
201k-225k 3 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 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 2 0
3.5m-4m 2 0