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
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 15 3 1.3 0.8
351k-375k 12 38 6 0.5 1.9
376k-400k 36 82 22 0.4 2.6
401k-425k 45 105 20 0.4 2.6
426k-450k 67 103 20 0.3 3.9
451k-475k 64 78 14 0.2 4.9
476k-500k 50 85 18 0.3 3.5
501k-550k 82 109 18 0.2 4.5
551k-600k 53 58 12 0.2 5.5
601k-650k 28 42 5 0.3 4
651k-700k 20 30 2 0.3 4
701k-750k 13 18 3 0.2 4.3
751k-800k 17 17 3 0.2 6
801k-850k 10 15 2 0.3 4
851k-900k 12 4 2 0.1 18
901k-950k 6 4 0.1 9
951k-1m 8 6 1 0.1 8
1m-1.1m 4 4 0.2 6
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 11% 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 2 1 1 0.1 12
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