Absorption Report

Mesa, AZ, House

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 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
76k-100k 1 0
126k-150k 1 0
226k-250k 1 6 2 1 1
251k-275k 1 10 3 1.7 0.6
276k-300k 20 28 3 0.2 4.3
301k-325k 23 42 8 0.3 3.3
326k-350k 26 83 14 0.5 1.9
351k-375k 35 105 11 0.5 2
376k-400k 64 176 31 0.5 2.2
401k-425k 54 181 26 0.6 1.8
426k-450k 80 194 24 0.4 2.5
451k-475k 74 142 23 0.3 3.1
476k-500k 78 143 25 0.3 3.3
501k-550k 113 260 50 0.4 2.6
551k-600k 102 203 29 0.3 3
601k-650k 70 141 26 0.3 3
651k-700k 51 103 20 0.3 3
701k-750k 34 62 12 0.3 3.3
751k-800k 43 85 16 0.3 3
801k-850k 26 33 5 0.2 4.7
851k-900k 24 26 3 0.2 5.5
901k-950k 14 20 4 0.2 4.2
951k-1m 11 25 7 0.4 2.6
1m-1.1m 5 21 7 0.7 1.4
1.1m-1.2m 11 21 5 0.3 3.1
1.2m-1.3m 11 12 4 0.2 5.5
1.3m-1.4m 9 16 5 0.3 3.4
1.4m-1.5m 8 7 2 0.1 6.9
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 5 5 0.2 6
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 4 1 0.7 0
1.9m-2m 5 1 1 0 30
2m-2.25m 6 4 2 0.1 9
2.25m-2.5m 7 8 1 0.2 5.3
2.75m-3m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0.2 0
7.01m-8m 1 0