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
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 3 15 1 0.8 1.2
351k-375k 12 39 6 0.5 1.8
376k-400k 40 79 13 0.3 3
401k-425k 56 103 16 0.3 3.3
426k-450k 70 97 10 0.2 4.3
451k-475k 64 82 8 0.2 4.7
476k-500k 54 84 17 0.3 3.9
501k-550k 81 117 16 0.2 4.2
551k-600k 53 65 18 0.2 4.9
601k-650k 36 43 11 0.2 5
651k-700k 24 37 5 0.3 3.9
701k-750k 10 18 2 0.3 3.3
751k-800k 22 20 4 0.2 6.6
801k-850k 11 15 2 0.2 4.4
851k-900k 12 5 0.1 14.4
901k-950k 8 3 2 0.1 16
951k-1m 7 6 3 0.1 7
1m-1.1m 5 6 1 0.2 5
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 5 3 2 0.1 10
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
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 0.2 0
276k-300k 1 2 0.3 3
301k-325k 1 2 1 0.3 3
326k-350k 4 6 1 0.3 4
351k-375k 1 0.2 0
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 4 5 0.2 4.8
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 3% 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 6 5 0.1 7.2
151k-175k 3 4 1 0.2 4.5
176k-200k 5 4 1 0.1 7.5
201k-225k 3 2 0.1 9
226k-250k 3 0
251k-275k 2 1 0.1 12
276k-300k 1 0
326k-350k 2 0
376k-400k 2 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