Absorption Report

Mesa, Phoenix, Madison Elementary School

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 5 0.8 0
476k-500k 2 10 3 0.8 1.2
501k-550k 10 26 2 0.4 2.3
551k-600k 18 50 10 0.5 2.2
601k-650k 40 74 12 0.3 3.2
651k-700k 48 110 15 0.4 2.6
701k-750k 53 79 13 0.2 4
751k-800k 40 88 16 0.4 2.7
801k-850k 41 76 14 0.3 3.2
851k-900k 53 110 17 0.3 2.9
901k-950k 37 65 10 0.3 3.4
951k-1m 45 68 11 0.3 4
1m-1.1m 59 115 25 0.3 3.1
1.1m-1.2m 37 112 28 0.5 2
1.2m-1.3m 59 78 13 0.2 4.5
1.3m-1.4m 48 78 10 0.3 3.7
1.4m-1.5m 51 72 17 0.2 4.3
1.5m-1.6m 26 67 10 0.4 2.3
1.6m-1.7m 41 53 9 0.2 4.6
1.7m-1.8m 37 62 12 0.3 3.6
1.8m-1.9m 34 39 4 0.2 5.2
1.9m-2m 39 35 7 0.1 6.7
2m-2.25m 37 62 11 0.3 3.6
2.25m-2.5m 67 63 10 0.2 6.4
2.5m-2.75m 28 27 2 0.2 6.2
2.75m-3m 58 35 3 0.1 9.9
3m-3.5m 47 45 7 0.2 6.3
3.5m-4m 43 35 6 0.1 7.4
4m-4.5m 39 20 4 0.1 11.7
4.5m-5m 40 13 5 0.1 18.5
5.01m-6m 42 17 4 0.1 14.8
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 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 2 2 0.2 6
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 9 16 2 0.3 3.4
351k-375k 13 13 3 0.2 6
376k-400k 6 14 4 0.4 2.6
401k-425k 8 22 3 0.5 2.2
426k-450k 17 24 3 0.2 4.3
451k-475k 12 23 4 0.3 3.1
476k-500k 17 36 3 0.4 2.8
501k-550k 24 44 14 0.3 3.3
551k-600k 19 40 9 0.4 2.9
601k-650k 25 47 5 0.3 3.2
651k-700k 44 32 5 0.1 8.3
701k-750k 14 32 7 0.4 2.6
751k-800k 26 20 3 0.1 7.8
801k-850k 16 24 7 0.3 4
851k-900k 14 29 6 0.3 2.9
901k-950k 12 15 4 0.2 4.8
951k-1m 7 13 2 0.3 3.2
1m-1.1m 6 2 0.1 18
1.1m-1.2m 13 14 5 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 10 5 0.1 12
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 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 8 17 6 0.4 2.8
251k-275k 21 27 2 0.2 4.7
276k-300k 31 32 3 0.2 5.8
301k-325k 20 38 10 0.3 3.2
326k-350k 28 41 6 0.2 4.1
351k-375k 21 22 2 0.2 5.7
376k-400k 32 40 7 0.2 4.8
401k-425k 22 41 10 0.3 3.2
426k-450k 19 33 5 0.3 3.5
451k-475k 12 17 5 0.2 4.2
476k-500k 9 17 5 0.3 3.2
501k-550k 15 17 0.2 5.3
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 3 1 0 24
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 1 1 0.1 12
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 6 3 0.5 2
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 13 4 0.1 19.5
151k-175k 7 4 0.1 10.5
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 4 1 0.7 0
426k-450k 3 1 0.1 18
451k-475k 4 2 0.1 12
476k-500k 9 3 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 1 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 1 1 0.1 18
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
9.01m-10m 4 0