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 19 29 6 0.3 3.9
301k-325k 21 41 6 0.3 3.1
326k-350k 23 84 14 0.6 1.6
351k-375k 35 106 12 0.5 2
376k-400k 61 180 31 0.5 2
401k-425k 55 183 26 0.6 1.8
426k-450k 80 192 21 0.4 2.5
451k-475k 73 144 22 0.3 3
476k-500k 82 147 26 0.3 3.3
501k-550k 110 263 50 0.4 2.5
551k-600k 109 203 34 0.3 3.2
601k-650k 69 147 29 0.4 2.8
651k-700k 54 102 17 0.3 3.2
701k-750k 34 61 12 0.3 3.3
751k-800k 45 84 16 0.3 3.2
801k-850k 25 33 4 0.2 4.5
851k-900k 26 26 3 0.2 6
901k-950k 13 19 3 0.2 4.1
951k-1m 13 24 6 0.3 3.3
1m-1.1m 8 19 5 0.4 2.5
1.1m-1.2m 10 22 5 0.4 2.7
1.2m-1.3m 11 12 4 0.2 5.5
1.3m-1.4m 8 16 5 0.3 3
1.4m-1.5m 8 7 2 0.1 6.9
1.5m-1.6m 3 5 1 0.3 3.6
1.6m-1.7m 4 5 0.2 4.8
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 8 8 1 0.2 6
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0.2 0
7.01m-8m 1 0