Absorption Report

Goodyear, Golf Canyon, Papago

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 24% 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
26k-50k 1 0
151k-175k 1 0.2 0
201k-225k 2 1 0.3 0
226k-250k 1 0.2 0
251k-275k 3 2 0.5 0
276k-300k 5 0.8 0
301k-325k 3 12 1 0.7 1.5
326k-350k 10 37 7 0.6 1.6
351k-375k 13 69 10 0.9 1.1
376k-400k 23 96 21 0.7 1.4
401k-425k 21 88 14 0.7 1.4
426k-450k 23 72 13 0.5 1.9
451k-475k 24 66 8 0.5 2.2
476k-500k 22 69 10 0.5 1.9
501k-550k 68 166 24 0.4 2.5
551k-600k 69 133 24 0.3 3.1
601k-650k 69 101 17 0.2 4.1
651k-700k 46 90 19 0.3 3.1
701k-750k 45 90 13 0.3 3
751k-800k 29 73 10 0.4 2.4
801k-850k 22 26 3 0.2 5.1
851k-900k 19 26 3 0.2 4.4
901k-950k 21 18 4 0.1 7
951k-1m 21 22 4 0.2 5.7
1m-1.1m 13 25 2 0.3 3.1
1.1m-1.2m 10 11 1 0.2 5.5
1.2m-1.3m 5 11 1 0.4 2.7
1.3m-1.4m 6 7 1 0.2 5.1
1.4m-1.5m 3 4 0.2 4.5
1.5m-1.6m 3 5 1 0.3 3.6
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 2 1 0.3 3
2m-2.25m 4 0
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 1 0.2 0
3m-3.5m 2 1 0.1 12
5.01m-6m 1 0.2 0

Townhouses 24% 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
201k-225k 1 4 1 0.7 1.5
226k-250k 5 8 1 0.3 3.8
251k-275k 1 12 2 2 0.5
276k-300k 4 25 7 1 1
301k-325k 2 12 2 1 1
326k-350k 3 12 3 0.7 1.5
351k-375k 2 12 1 1
376k-400k 5 10 1 0.3 3
401k-425k 6 3 0.1 12
426k-450k 4 4 1 0.2 6
451k-475k 1 7 1.2 0.9
476k-500k 2 0.3 0
501k-550k 2 1 0.3 0
551k-600k 1 1 1 0.2 6
701k-750k 2 0.3 0

Condos 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
176k-200k 2 1 0.1 12
226k-250k 1 2 0.3 3
251k-275k 4 0.7 0
301k-325k 1 1 0.2 0
326k-350k 1 0

Land 2% 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
1k-25k 1 1 1 0.2 6
126k-150k 1 1 0.2 6
151k-175k 6 1 0 36
176k-200k 3 0
201k-225k 1 0
226k-250k 2 1 0.1 12
276k-300k 1 2 0.3 3
301k-325k 1 0.2 0
326k-350k 2 0
351k-375k 1 1 0.2 6
376k-400k 2 0
401k-425k 1 2 0.3 3
426k-450k 5 0
451k-475k 1 5 0.8 1.2
476k-500k 4 1 0 24
501k-550k 2 0
551k-600k 4 1 0 24
601k-650k 1 1 0.2 6
751k-800k 1 0
851k-900k 1 1 0.2 0
951k-1m 2 0
1.1m-1.2m 1 0
2.75m-3m 1 0
10.01m-11m 1 0.2 0