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 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 1 0.2 6
251k-275k 1 2 0.3 3
276k-300k 16 59 6 0.6 1.6
301k-325k 49 178 21 0.6 1.7
326k-350k 107 207 36 0.3 3.1
351k-375k 88 166 32 0.3 3.2
376k-400k 98 134 21 0.2 4.4
401k-425k 65 79 11 0.2 4.9
426k-450k 56 56 12 0.2 6
451k-475k 24 26 4 0.2 5.5
476k-500k 28 32 3 0.2 5.3
501k-550k 26 27 2 0.2 5.8
551k-600k 13 13 5 0.2 6
601k-650k 10 11 0.2 5.5
651k-700k 4 3 0.1 8
701k-750k 3 2 0.1 9
751k-800k 1 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 4% 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 4 0.1 16.5
26k-50k 7 18 2 0.4 2.3
51k-75k 29 14 3 0.1 12.4
76k-100k 30 16 1 0.1 11.3
101k-125k 14 4 1 0 21
126k-150k 15 3 0 30
151k-175k 4 1 0 24
176k-200k 7 0
201k-225k 4 1 0 24
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 2 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
3.5m-4m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0