Absorption Report

Maricopa

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 12% 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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 4 0.7 0
426k-450k 1 0
451k-475k 6 1 0
476k-500k 2 9 4 0.8 1.3
501k-550k 9 27 7 0.5 2
551k-600k 20 50 8 0.4 2.4
601k-650k 39 68 13 0.3 3.4
651k-700k 49 111 16 0.4 2.6
701k-750k 55 83 13 0.3 4
751k-800k 39 86 13 0.4 2.7
801k-850k 49 79 17 0.3 3.7
851k-900k 47 105 17 0.4 2.7
901k-950k 37 66 11 0.3 3.4
951k-1m 44 70 10 0.3 3.8
1m-1.1m 57 114 23 0.3 3
1.1m-1.2m 41 109 26 0.4 2.3
1.2m-1.3m 53 79 17 0.2 4
1.3m-1.4m 55 77 9 0.2 4.3
1.4m-1.5m 51 71 16 0.2 4.3
1.5m-1.6m 30 65 12 0.4 2.8
1.6m-1.7m 36 56 13 0.3 3.9
1.7m-1.8m 35 57 11 0.3 3.7
1.8m-1.9m 33 38 5 0.2 5.2
1.9m-2m 43 35 8 0.1 7.4
2m-2.25m 40 62 9 0.3 3.9
2.25m-2.5m 74 62 8 0.1 7.2
2.5m-2.75m 28 30 5 0.2 5.6
2.75m-3m 59 38 6 0.1 9.3
3m-3.5m 47 45 10 0.2 6.3
3.5m-4m 43 35 8 0.1 7.4
4m-4.5m 34 22 6 0.1 9.3
4.5m-5m 38 13 6 0.1 17.5
5.01m-6m 46 15 4 0.1 18.4
6.01m-7m 21 11 2 0.1 11.5
7.01m-8m 14 5 1 0.1 16.8
8.01m-9m 8 3 0.1 16
9.01m-10m 5 3 0.1 10
10.01m-11m 2 1 0.1 12
11.01m-12m 1 0
12.01m-13m 2 1 0.1 12
13.01m-14m 1 0
14.01m-15m 4 0
15.01m-16m 1 0
16.01m-17m 1 0
18.01m-19m 1 0
19.01m-20m 2 0
21.01m-22m 1 0
22.01m-23m 1 0
23.01m-24m 1 0
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 14% 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
126k-150k 1 2 0.3 3
151k-175k 1 2 0.3 3
176k-200k 6 1 1 0 36
201k-225k 3 1 0.1 18
226k-250k 4 1 1 0 24
251k-275k 1 6 4 1 1
276k-300k 6 8 1 0.2 4.5
301k-325k 4 14 5 0.6 1.7
326k-350k 8 15 2 0.3 3.2
351k-375k 12 14 3 0.2 5.1
376k-400k 6 15 4 0.4 2.4
401k-425k 7 22 2 0.5 1.9
426k-450k 20 22 3 0.2 5.5
451k-475k 13 21 4 0.3 3.7
476k-500k 18 36 3 0.3 3
501k-550k 23 43 15 0.3 3.2
551k-600k 18 42 7 0.4 2.6
601k-650k 29 46 6 0.3 3.8
651k-700k 38 30 6 0.1 7.6
701k-750k 17 32 6 0.3 3.2
751k-800k 27 19 3 0.1 8.5
801k-850k 18 20 7 0.2 5.4
851k-900k 15 30 7 0.3 3
901k-950k 10 15 3 0.3 4
951k-1m 5 12 2 0.4 2.5
1m-1.1m 6 4 2 0.1 9
1.1m-1.2m 13 14 4 0.2 5.6
1.2m-1.3m 8 7 3 0.1 6.9
1.3m-1.4m 7 2 0 21
1.4m-1.5m 9 5 0.1 10.8
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 5 1 0 30
1.8m-1.9m 6 2 0.1 18
1.9m-2m 1 2 1 0.3 3
2m-2.25m 2 1 0.1 12
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 5 1 0 30
2.75m-3m 2 1 0.1 12
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

Condos 12% 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
76k-100k 1 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 1 1 0.1 12
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 7 1.2 0.9
226k-250k 8 17 4 0.4 2.8
251k-275k 22 26 2 0.2 5.1
276k-300k 37 34 4 0.2 6.5
301k-325k 20 37 10 0.3 3.2
326k-350k 30 40 9 0.2 4.5
351k-375k 21 25 3 0.2 5
376k-400k 38 38 7 0.2 6
401k-425k 21 40 9 0.3 3.2
426k-450k 22 28 4 0.2 4.7
451k-475k 12 17 5 0.2 4.2
476k-500k 9 17 6 0.3 3.2
501k-550k 13 15 1 0.2 5.2
551k-600k 3 11 4 0.6 1.6
601k-650k 11 6 0.1 11
651k-700k 11 10 1 0.2 6.6
701k-750k 14 9 0.1 9.3
751k-800k 10 8 0.1 7.5
801k-850k 13 4 1 0.1 19.5
851k-900k 5 1 1 0 30
901k-950k 5 5 1 0.2 6
951k-1m 4 3 2 0.1 8
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 9 4 0.1 13.5
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 6 2 1 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 5 0
1.9m-2m 2 5 1 0.4 2.4
2m-2.25m 4 5 2 0.2 4.8
2.25m-2.5m 3 6 2 0.3 3
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 2 1 0.1 12
3m-3.5m 9 5 1 0.1 10.8
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 1 0.1 18
4.5m-5m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0

Land 7% 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
51k-75k 1 2 0.3 3
76k-100k 4 2 0.1 12
101k-125k 5 1 0 30
126k-150k 13 3 0 26
151k-175k 7 3 0.1 14
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 0 24
251k-275k 2 0
276k-300k 3 2 1 0.1 9
301k-325k 2 2 0.2 6
326k-350k 2 1 0.1 12
351k-375k 4 1 0 24
376k-400k 5 4 0.1 7.5
401k-425k 1 3 1 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 7 7 3 0.2 6
551k-600k 8 5 1 0.1 9.6
601k-650k 7 1 1 0 42
651k-700k 5 4 0.1 7.5
701k-750k 7 1 1 0 42
751k-800k 3 0
801k-850k 5 4 1 0.1 7.5
851k-900k 4 0
901k-950k 1 2 1 0.3 3
951k-1m 4 1 0 24
1m-1.1m 5 2 1 0.1 15
1.1m-1.2m 7 1 0 42
1.2m-1.3m 7 1 0 42
1.3m-1.4m 7 3 1 0.1 14
1.4m-1.5m 7 2 1 0 21
1.5m-1.6m 3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 0
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 4 2 1 0.1 12
2m-2.25m 2 0
2.25m-2.5m 7 0
2.5m-2.75m 3 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 1 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0