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 20% 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 2 3 1 0.3 4
276k-300k 18 56 5 0.5 1.9
301k-325k 55 170 15 0.5 1.9
326k-350k 105 216 38 0.3 2.9
351k-375k 90 163 32 0.3 3.3
376k-400k 100 137 25 0.2 4.4
401k-425k 69 78 9 0.2 5.3
426k-450k 57 52 12 0.2 6.6
451k-475k 28 25 5 0.1 6.7
476k-500k 23 35 4 0.3 3.9
501k-550k 25 27 1 0.2 5.6
551k-600k 12 13 4 0.2 5.5
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 9 17 2 0.3 3.2
51k-75k 30 15 3 0.1 12
76k-100k 29 14 2 0.1 12.4
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
7.01m-8m 1 0
8.01m-9m 1 0