Absorption Report

Peoria, 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 18% 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
151k-175k 1 0.2 0
201k-225k 4 0.7 0
226k-250k 1 1 0.2 0
251k-275k 1 2 0.3 3
276k-300k 4 2 0.7 0
301k-325k 1 12 2 2 0.5
326k-350k 11 30 5 0.5 2.2
351k-375k 21 60 10 0.5 2.1
376k-400k 25 78 11 0.5 1.9
401k-425k 22 79 10 0.6 1.7
426k-450k 30 69 16 0.4 2.6
451k-475k 23 61 9 0.4 2.3
476k-500k 28 59 8 0.4 2.8
501k-550k 69 146 23 0.4 2.8
551k-600k 74 124 13 0.3 3.6
601k-650k 53 85 18 0.3 3.7
651k-700k 42 87 13 0.3 2.9
701k-750k 34 77 11 0.4 2.6
751k-800k 39 55 9 0.2 4.3
801k-850k 24 39 7 0.3 3.7
851k-900k 22 27 6 0.2 4.9
901k-950k 21 17 6 0.1 7.4
951k-1m 17 13 3 0.1 7.8
1m-1.1m 10 14 1 0.2 4.3
1.1m-1.2m 9 9 0.2 6
1.2m-1.3m 7 8 0.2 5.3
1.3m-1.4m 8 5 1 0.1 9.6
1.4m-1.5m 2 4 2 0.3 3
1.5m-1.6m 1 5 2 0.8 1.2
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 1 2 1 0.3 3
1.8m-1.9m 2 2 0.2 6
1.9m-2m 3 1 0.5 0
2m-2.25m 4 0
2.25m-2.5m 3 2 1 0.1 9
2.75m-3m 1 2 0.3 3
3m-3.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 6% 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
176k-200k 1 0
201k-225k 1 4 0.7 1.5
226k-250k 2 9 2 0.8 1.3
251k-275k 3 7 0.4 2.6
276k-300k 9 18 0.3 3
301k-325k 3 10 0.6 1.8
326k-350k 1 10 1.7 0.6
351k-375k 6 5 0.1 7.2
376k-400k 6 9 3 0.3 4
401k-425k 3 1 1 0.1 18
426k-450k 6 3 1 0.1 12
451k-475k 1 3 0.5 2
476k-500k 1 1 0.2 6
501k-550k 1 0.2 0
551k-600k 1 0.2 0
701k-750k 1 0

Condos 22% 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
176k-200k 2 2 0.2 6
201k-225k 1 0
226k-250k 1 2 1 0.3 3
251k-275k 1 0.2 0
301k-325k 1 2 0.3 3
326k-350k 2 2 0.2 6
351k-375k 1 1 0.2 0

Land 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
1k-25k 1 0
26k-50k 1 0
126k-150k 1 0
151k-175k 5 0
176k-200k 1 0
201k-225k 1 0
226k-250k 2 0
276k-300k 2 0
326k-350k 1 0
351k-375k 2 0
376k-400k 3 1 1 0.1 18
401k-425k 2 1 0.1 12
426k-450k 5 1 0 30
451k-475k 3 3 1 0.2 6
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 3 0
601k-650k 1 0
751k-800k 1 0
851k-900k 1 0.2 0
951k-1m 2 0
1.1m-1.2m 1 0
2.5m-2.75m 1 0