Absorption Report

Maricopa, Province, Violet

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 1 3 0.5 2
426k-450k 1 0
451k-475k 6 1 0
476k-500k 2 10 3 0.8 1.2
501k-550k 10 26 2 0.4 2.3
551k-600k 19 50 10 0.4 2.3
601k-650k 37 72 10 0.3 3.1
651k-700k 51 111 17 0.4 2.8
701k-750k 54 79 13 0.2 4.1
751k-800k 39 86 16 0.4 2.7
801k-850k 42 76 15 0.3 3.3
851k-900k 50 109 17 0.4 2.8
901k-950k 37 64 11 0.3 3.5
951k-1m 48 68 12 0.2 4.2
1m-1.1m 58 114 23 0.3 3.1
1.1m-1.2m 39 109 25 0.5 2.1
1.2m-1.3m 57 80 16 0.2 4.3
1.3m-1.4m 48 79 12 0.3 3.6
1.4m-1.5m 52 71 14 0.2 4.4
1.5m-1.6m 26 68 10 0.4 2.3
1.6m-1.7m 41 53 10 0.2 4.6
1.7m-1.8m 37 62 13 0.3 3.6
1.8m-1.9m 34 39 4 0.2 5.2
1.9m-2m 37 35 7 0.2 6.3
2m-2.25m 38 62 11 0.3 3.7
2.25m-2.5m 66 63 10 0.2 6.3
2.5m-2.75m 27 28 3 0.2 5.8
2.75m-3m 59 36 3 0.1 9.8
3m-3.5m 48 45 7 0.2 6.4
3.5m-4m 43 35 6 0.1 7.4
4m-4.5m 38 20 4 0.1 11.4
4.5m-5m 39 14 5 0.1 16.7
5.01m-6m 41 17 4 0.1 14.5
6.01m-7m 23 11 2 0.1 12.5
7.01m-8m 13 5 0.1 15.6
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 2 0
12.01m-13m 2 1 0.1 12
13.01m-14m 1 0
14.01m-15m 3 0
15.01m-16m 1 0
16.01m-17m 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 15% 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 2 0.3 0
151k-175k 3 2 0.1 9
176k-200k 5 1 1 0 30
201k-225k 3 1 0.1 18
226k-250k 4 1 1 0 24
251k-275k 1 6 3 1 1
276k-300k 5 8 2 0.3 3.8
301k-325k 4 11 4 0.5 2.2
326k-350k 8 16 2 0.3 3
351k-375k 14 13 3 0.2 6.5
376k-400k 6 14 4 0.4 2.6
401k-425k 7 22 3 0.5 1.9
426k-450k 17 23 3 0.2 4.4
451k-475k 11 23 4 0.3 2.9
476k-500k 17 36 3 0.4 2.8
501k-550k 24 43 15 0.3 3.3
551k-600k 18 41 9 0.4 2.6
601k-650k 26 46 5 0.3 3.4
651k-700k 43 32 5 0.1 8.1
701k-750k 14 32 7 0.4 2.6
751k-800k 24 20 3 0.1 7.2
801k-850k 18 24 7 0.2 4.5
851k-900k 14 30 6 0.4 2.8
901k-950k 12 14 3 0.2 5.1
951k-1m 6 13 3 0.4 2.8
1m-1.1m 6 2 0.1 18
1.1m-1.2m 12 14 5 0.2 5.1
1.2m-1.3m 9 7 3 0.1 7.7
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 10 5 0.1 12
1.5m-1.6m 4 2 0.1 12
1.6m-1.7m 4 2 1 0.1 12
1.7m-1.8m 5 1 0 30
1.8m-1.9m 5 2 0.1 15
1.9m-2m 1 2 1 0.3 3
2m-2.25m 2 1 0.1 12
2.25m-2.5m 5 3 1 0.1 10
2.5m-2.75m 5 1 0 30
2.75m-3m 1 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

Condos 11% 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 0
126k-150k 1 1 1 0.2 6
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 8 1.3 0.8
226k-250k 7 17 6 0.4 2.5
251k-275k 22 27 2 0.2 4.9
276k-300k 30 32 3 0.2 5.6
301k-325k 20 38 10 0.3 3.2
326k-350k 28 40 6 0.2 4.2
351k-375k 21 24 2 0.2 5.3
376k-400k 31 41 7 0.2 4.5
401k-425k 21 41 10 0.3 3.1
426k-450k 19 34 5 0.3 3.4
451k-475k 12 17 5 0.2 4.2
476k-500k 9 17 5 0.3 3.2
501k-550k 14 17 1 0.2 4.9
551k-600k 7 7 0.2 6
601k-650k 11 7 0.1 9.4
651k-700k 12 9 0.1 8
701k-750k 13 10 0.1 7.8
751k-800k 7 8 0.2 5.3
801k-850k 12 2 0 36
851k-900k 7 1 1 0 42
901k-950k 6 5 1 0.1 7.2
951k-1m 4 3 2 0.1 8
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 9 5 0.1 10.8
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 4 3 2 0.1 8
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 5 3 2 0.1 10
1.8m-1.9m 5 0
1.9m-2m 3 4 0.2 4.5
2m-2.25m 4 5 2 0.2 4.8
2.25m-2.5m 2 5 2 0.4 2.4
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 2 1 0.1 12
3m-3.5m 10 5 1 0.1 12
3.5m-4m 2 1 0.3 0
4m-4.5m 3 1 0.1 18
4.5m-5m 2 1 0.1 12
6.01m-7m 1 0
12.01m-13m 1 0

Land 6% 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 3 0.5 2
76k-100k 5 2 0.1 15
101k-125k 5 1 0 30
126k-150k 14 4 0 21
151k-175k 7 4 0.1 10.5
176k-200k 4 2 0.1 12
201k-225k 4 0
226k-250k 8 2 1 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 4 1 0.7 0
426k-450k 3 1 0.1 18
451k-475k 4 2 0.1 12
476k-500k 9 3 1 0.1 18
501k-550k 6 5 1 0.1 7.2
551k-600k 9 7 3 0.1 7.7
601k-650k 7 1 1 0 42
651k-700k 6 4 0.1 9
701k-750k 8 0
751k-800k 3 1 0.1 18
801k-850k 5 4 2 0.1 7.5
851k-900k 5 0
901k-950k 1 1 0.2 6
951k-1m 3 1 0.1 18
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 7 1 0 42
1.2m-1.3m 9 1 0 54
1.3m-1.4m 5 3 1 0.1 10
1.4m-1.5m 9 1 0 54
1.5m-1.6m 3 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 6 0
1.8m-1.9m 3 0
1.9m-2m 3 2 1 0.1 9
2m-2.25m 2 0
2.25m-2.5m 8 0
2.5m-2.75m 4 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
3.5m-4m 2 2 0.2 6
4m-4.5m 3 1 0.1 18
4.5m-5m 1 0
5.01m-6m 3 0
8.01m-9m 1 0
9.01m-10m 3 0