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 15% 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
251k-275k 2 2 0.2 6
276k-300k 22 46 7 0.3 2.9
301k-325k 53 139 12 0.4 2.3
326k-350k 97 196 26 0.3 3
351k-375k 82 162 21 0.3 3
376k-400k 99 128 15 0.2 4.6
401k-425k 65 73 16 0.2 5.3
426k-450k 55 55 9 0.2 6
451k-475k 32 28 4 0.1 6.9
476k-500k 19 29 2 0.3 3.9
501k-550k 26 28 5 0.2 5.6
551k-600k 6 11 2 0.3 3.3
601k-650k 8 8 0.2 6
651k-700k 5 3 0.1 10
701k-750k 4 2 0.1 12
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 1 0.1 18
301k-325k 3 0
326k-350k 1 1 0.2 6

Land 7% 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 14 3 0 28
26k-50k 10 15 3 0.3 4
51k-75k 31 12 1 0.1 15.5
76k-100k 28 9 1 0.1 18.7
101k-125k 16 4 2 0 24
126k-150k 16 2 0 48
151k-175k 5 3 2 0.1 10
176k-200k 8 3 3 0.1 16
201k-225k 3 1 0.1 18
226k-250k 3 1 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
326k-350k 5 0
351k-375k 1 0
376k-400k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 3 0
601k-650k 2 0
651k-700k 1 0
701k-750k 2 0
851k-900k 1 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