Absorption Report

Maricopa, 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 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 1 0
226k-250k 1 0.2 0
251k-275k 1 2 1 0.3 3
276k-300k 17 55 5 0.5 1.9
301k-325k 60 170 17 0.5 2.1
326k-350k 101 216 37 0.4 2.8
351k-375k 92 162 32 0.3 3.4
376k-400k 104 135 25 0.2 4.6
401k-425k 70 79 11 0.2 5.3
426k-450k 53 53 13 0.2 6
451k-475k 27 27 7 0.2 6
476k-500k 24 34 4 0.2 4.2
501k-550k 25 27 2 0.2 5.6
551k-600k 11 14 5 0.2 4.7
601k-650k 10 10 0.2 6
651k-700k 4 3 0.1 8
701k-750k 3 2 0.1 9
751k-800k 2 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
276k-300k 2 2 0.2 6
301k-325k 2 0
326k-350k 2 2 0.2 6

Land 5% 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 11 3 0 22
26k-50k 10 17 2 0.3 3.5
51k-75k 31 15 3 0.1 12.4
76k-100k 28 14 2 0.1 12
101k-125k 15 4 1 0 22.5
126k-150k 14 3 0 28
151k-175k 4 1 0 24
176k-200k 9 0
201k-225k 3 1 0.1 18
226k-250k 3 1 1 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
326k-350k 4 0
351k-375k 1 0
376k-400k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
1m-1.1m 1 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0