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 18% 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
126k-150k 1 0
176k-200k 1 0
226k-250k 1 0.2 0
251k-275k 1 2 1 0.3 3
276k-300k 15 55 7 0.6 1.6
301k-325k 58 174 21 0.5 2
326k-350k 101 211 40 0.3 2.9
351k-375k 87 161 27 0.3 3.2
376k-400k 107 137 27 0.2 4.7
401k-425k 69 74 10 0.2 5.6
426k-450k 59 51 12 0.1 6.9
451k-475k 27 26 7 0.2 6.2
476k-500k 24 35 5 0.2 4.1
501k-550k 25 25 1 0.2 6
551k-600k 8 14 4 0.3 3.4
601k-650k 10 9 0.2 6.7
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 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
276k-300k 3 2 0.1 9
301k-325k 3 0
326k-350k 1 2 0.3 3

Land 4% 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 12 3 0 24
26k-50k 11 17 2 0.3 3.9
51k-75k 33 15 3 0.1 13.2
76k-100k 29 14 1 0.1 12.4
101k-125k 15 3 0 30
126k-150k 15 3 0 30
151k-175k 5 1 0 30
176k-200k 7 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